Emerging Wealth Management Markets in Asia-Pacific

Úterý Únor 27 22:38:24 CET 2007

I enclose details of our latest report on Emerging Opportunities for Wealth Management Markets in Asia-Pacific.   

Emerging Wealth Markets in Asia-Pacific is our guide to the affluent wealth landscapes in Malaysia, South Korea and Taiwan. Following the popularity of our recent research in the Indian and Chinese markets, the report explores some of the less high-profile emerging wealth markets in the Asia-Pacific region.   

Scope of this title:   
- Based on data collected directly from governmental sources such as central banks, mutual fund associations and stock exchanges.   
- Insight into the respective financial services market was obtained through in-depth interviews with the main wealth managers and private bankers    
- Sizing and forecasting of high net worth individuals were generated by our proprietary Global Wealth Model    

Report Highlights   
- There is some consensus that it is not the high net worth individuals that are the key to the Malaysian market. Rather, it is those individuals with more than EUR100,000 (USD130,000) that are the most attractive market segment.   
- Citigroup Private Bank is seen as a big threat in the Korean market. The bank has a team of local Korean private bankers, which is important in the market. However, Citibank's strength lies in combining this local team with its international network and subsequent access to a wide range of diverse products and services.   
- It has been widely acknowledged that the region is facing a talent shortage in the wealth management space, with competitors at once trying to retain relationship managers and poach others from their competitors.    

Reasons to order your copy:   
- Find out why these markets are attractive and their advantages over other emerging economies.   
- Find out how large the markets are now and how large they will be in 2010   
- Find out how big the opportunities for growth will be going forward   

For a complete index of this report click on:   
http://www.researchandmarkets.com/product/fd9414/emerging_wealth_management_markets_in   

Report Index:   

Chapter 1.    

Introduction 12   
What is this report about? 12   
Who is the target reader? 12   
How to use this report 12   

Chapter 2.    

Macroeconomic overview 14   
Market comparisons 14   
The four economies 14   
Sectoral breakdown 14   
Size and growth 15   
GDP per capita 16   
Inflation and consumer prices 17   
Population and unemployment 18   

Chapter 3.    

The malaysian wealth market 21   
Market background 21   
Savings and investments 21   
Islamic deposits and finance 23   
Size of the affluent market 23   
Financial services and the regulatory environment 27   
Financial services 27   
The Financial Sector Master Plan 27   
Capital markets 28   
Competitive dynamics 30   
The local players 30   
The foreign players 31   
Developments in 2006 31   
November 2005 - Citibank offers additional overseas investments 31   
March 2006 - Standard Chartered optimistic on growth 32   
April 2006 - Alliance forms joint venture to boost its wealth management offering in Malaysia 33   
August 2006 - Citigroup launches European fund in Malaysia 33   
November 2006 - CIMB launches Malaysian fund-of-funds 34   
December 2006 - Hong Leong revinvents Priority Banking 35   
Future focus 36   
The affluent outlook 36   
Mass affluent segment 37   
High net worth segment 38   

Chapter 4.    

The south korean wealth market 40   
Market background 40   
Savings and investments 40   
Size of the affluent market 41   
Financial services and the regulatory environment 46   
Financial sector restructure 46   
Competitive dynamics 48   
Commercial banks 48   
Private/ premier banking and wealth management 49   
Developments in 2006 50   
April 2006 - Credit Suisse create Korean JV 50   
July 2006 - UBS acquires a stake in Korean asset manager 50   
August 2006 - Standard Chartered bullish on market share 51   
Future focus 52   
The affluent outlook 52   
Mass affluent segment 53   
High net worth segment 54   

Chapter 5.    

The taiwanese wealth market 55   
Market background 55   
Savings and investments 55   
Size of the affluent market 57   
Financial services and the regulatory environment 60   
June 2005 - Taiwan limits wealth management fees to wealthy 60   
February 2006 - The resource drain 61   
May 2006 - Taiwanese regulator amends wealth management regulations 62   
Competitive dynamics 63   
Competitive developments in 2006 63   
October 2005 - BNP Paribas expands into Taiwan 63   
October 2005 - ABN AMRO opens in Taiwan 64   
December 2005 - Citigroup launches private banking in Taiwan 64   
October 2006 - First Sino Bank applying for renminbi license 65   
The affluent outlook 66   
Mass affluent segment 67   
High net worth segment 68   

Chapter 6.    

Appendix 70   
Data 70   
Definitions 80   
AAGR 80   
Affluent 80   
CAGR 80   
Gini index 80   
Liquid assets 81   
Liquid asset bands 81   
Research methodology 82   
The Global Wealth Model 83   
The UK sub model 83   
Asia-Pacific sub model 83   
Forecasting methodology 83   
Our wealth numbers compared with others numbers 84   
Bespoke Wealth Market Sizing 85   
Further reading 86   

List of Tables   
Table 1: The local players have a much larger share of the Malaysian banking market than the foreign players 31   
Table 2: Sectoral breakdown of GDP in Malaysia, Thailand, South Korea and Taiwan, 2005 70   
Table 3: Indexed GDP growth, 1999=100 70   
Table 4: GDP per capita, GDP in USDbn and average GDP growth 70   
Table 5: Consumer Price Indices of Malaysia, Thailand, South Korea and Taiwan, 2000-2005 71   
Table 6: Rate of unemployment in Malaysia, Thailand, South Korea and Taiwan, 2000-2005 71   
Table 7: Population breakdown by age in Malaysia, Thailand, South Korea and Taiwan, 2005 71   
Table 8: Malaysian retail savings and investments, 2000-2005 72   
Table 9: South Korean retail savings and investments, 2000-2005 72   
Table 10: Taiwanese retail savings and investments, 2000-2005 72   
Table 11: Onshore liquid wealth owned by individuals in Malaysia, 2001-2005 73   
Table 12: Number of affluent individuals in Malaysia, 2001-2005 74   
Table 13: Onshore liquid wealth owned by individuals in Malaysia, 2006-2010 74   
Table 14: Number of affluent individuals in Malaysia, 2001-2005 75   
Table 15: Onshore liquid wealth owned by individuals in South Korea, 2001-2005 75   
Table 16: Number of affluent individuals in South Korea, 2001-2005 76   
Table 17: Onshore liquid wealth owned by individuals in South Korea, 2006-2010 76   
Table 18: Number of affluent individuals in South Korea, 2006-2010 77   
Table 19: Onshore liquid assets owned by affluent individuals in Taiwan, 2005-2010 77   
Table 20: Number of affluent individuals in Taiwan, 2001-2005 78   
Table 21: Onshore liquid wealth owned by individuals in Taiwan, 2006-2010 78   
Table 22: Number of affluent individuals in Taiwan, 2006-2010 79   
Table 23: Wealth markets that have been modelled using the Global Wealth Model    

List of Figures   
Figure 1: Report structure and research model 13   
Figure 2: A sectoral breakdown of the four economies reveals varying reliance on the services sector, with Taiwans economy being the most reliant 15   
Figure 3: Taiwans economy grew at the slowest overall rate between 2001 and 2005 16   
Figure 4: South Koreas economy is by far the largest of the four and saw good average annual growth over the 2001-2005 period 17   
Figure 5: All four economies have seen low inflation of consumer prices over the 2000-2005 period 18   
Figure 6: Of the four countries Malaysia has the youngest population profile 19   
Figure 7: All four countries have low unemployment on a global scale, with Thailands rate the lowest in 2005 20   
Figure 8: Retail savings and investments outgrew GDP growth over the 2000-2005 period 22   
Figure 9: The investible assets of affluent individuals in Malaysia amounted to more than USD112bn at the end of 2005 24   
Figure 10: The number of those with between USD60,000 and USD500,000 grew at an average annual rate of 9.4% between 2000 and 2005 25   
Figure 11: The number of individuals with more than USD500,000 in investible assets grew by 8,600 between 2000 and 2005 26   
Figure 12: Mass affluent individuals with between USD60,000 and USD500,000 will own almost half of all retail liquid assets in 2010 36   
Figure 13: The number of individuals with between USD60,000 and USD500,000 in investible assets will grow by almost 40% between 2005 and 2010 37   
Figure 14: The overall liquid wealth of affluent individuals will grow at a rate of 8.1% compounded annually over the 2005-2010 period, primarily benefiting the most affluent individuals 38   
Figure 15: The fastest growing high net worth sub-segment over the 2005-2010 period will be that composed of individuals with USD3m-4m in onshore liquid assets 39   
Figure 16: Retail savings and investments growth flattened out in 2003, but the market did not see a major dip as other countries did 41   
Figure 17: Individuals with between USD60,000 and USD500,000 in investible assets grew to more than 1.6 million in 2005 43   
Figure 18: The number of high net worth individuals in South Korea dipped in 2003 before growing in 2004 and 2005 44   
Figure 19: Typical diversified investment portfolio of a Korean individual with more than USD10m, as provided by Korean wealth managers, 2006 45   
Figure 20: Commercial banks in South Korea fall into three categories, Nationwide Banks, Local Banks and Foreign Bank Branches 48   
Figure 21: Mass affluent individuals with between USD60,000 and USD500,000 will own 50% of all retail liquid assets in 2010 52   
Figure 22: The number of individuals with between USD60,000 and USD500,000 in investible assets will grow by more than 30% between 2005 and 2010 53   
Figure 23: The overall liquid wealth of mass affluent individuals will grow at a rate of 6.4% compounded annually over the 2005-2010 period, not a great deal fasted than overall retail liquid wealth 54   
Figure 24: Growth in retail savings and investments has outpaced GDP growth by a considerable margin in Taiwan over the 2000-2005 period 56   
Figure 25: The liquid wealth of Taiwanese affluent individuals grew by more than 60% over the 2000-2005 period 58   
Figure 26: Those with more than USD10m in liquid assets have grown rapidly in number over the 2000-2005 59   
Figure 27: High net worth individuals with more than USD500,000 in liquid assets will own 32% of all retail liquid assets in 2010 66   
Figure 28: The number of individuals with between USD60,000 and USD500,000 in investible assets will grow by more than 39% between 2005 and 2010 67   
Figure 29: The overall liquid wealth of affluent individuals in Taiwan will grow at a rate of 8.1% compounded annually over the 2005-2010 period, not a great deal fasted than overall retail liquid wealth 68   
Figure 30: High net worth individuals in Taiwan will own USD222bn in liquid assets at the end of 2010 69   

Pricing:   
Electronic : EUR 4810   
Site License : EUR 5291   
Enterprisewide : EUR 9619   

Ordering - Three easy ways to place your order:   

1] Order online at http://www.researchandmarkets.com/product/fd9414/emerging_wealth_management_markets_in   

2] Order by fax: Print an Order form from http://www.researchandmarkets.com/product/fd9414/emerging_wealth_management_markets_in and Fax to +353 1 4100 980   

3] Order by mail: Print an Order form from http://www.researchandmarkets.com/product/fd9414/emerging_wealth_management_markets_in and post to Research and Markets Ltd. Guinness Center, Taylors Lane, Dublin 8. Ireland.   

Related Reports also available from Research and Markets:   

Wealth Management in the United States - http://www.researchandmarkets.com/product/fd9414/wealth_management_in_the_united_states   

Wealth Management in the Middle East - http://www.researchandmarkets.com/product/fd9414/wealth_management_in_the_middle_east   

Wealth Management in the Nordic Region 2006 - http://www.researchandmarkets.com/product/fd9414/wealth_management_in_the_nordic_region_2006   

The Case for Online Wealth Management - http://www.researchandmarkets.com/product/fd9414/the_case_for_online_wealth_management   

Wealth Management & Private Banking Review 2007/08 - http://www.researchandmarkets.com/product/fd9414/wealth_management_private_banking_review   

Thank you for your consideration.   
Best Regards,   

Laura Wood

Senior Manager

Research and Markets Ltd

laura.wood na researchandmarkets.com   

Subscribe: Click on http://www.researchandmarkets.com/register.asp You can subscribe free for regular details on new research in your sector.   

Please note you are currently subscribed as redhat-cz na linux.cz   

If you no longer wish to receive our market research updates, please reply to this message with Suppression Request as the subject line, or use the link below   

http://www.researchandmarkets.com/unsubscribe.asp?functionx=unsubscribe&email=redhat-cz@linux.cz