Noah Holdings Limited announced that the company has appointed Mr. Zhiwu Chen as an independent director to its board, effective from December 13, 2013. Mr. Chen will also join the company's corporate governance and nominating committee, replacing Mr. Ji Liu, who resigned from the board of directors of the Company, effective December 13, 2013. All other directors on the board of the company will remain unchanged.

Mr. Chen has been a professor of finance at Yale University since July 1999, and has served as an independent non-executive director of the Bank of Communications since November 2010 and an independent director and a member of the compensation committee of Lord Abbett China Asset Management Co. Ltd. since August 2006. Mr. Chen is currently a director and first portfolio manager of Zebra Hedge Fund and a member of the advisory board at Milestone Capital Management Limited.

From 2011 to 2012, Mr. Chen served as an independent director of Jiayuan.com International Ltd.