Challenges and Opportunities for the Wealth Sector in Singapore 2015

Date: November 4, 2015
Pages: 42
Price:
US$ 1,995.00
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Publisher: WealthInsight
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: CA18A920061EN
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Challenges and Opportunities for the Wealth Sector in Singapore 2015
SYNOPSIS

This report is a thorough analysis of Singapore's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

SUMMARY
  • This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Singapore.
  • The report focuses on HNWI performance between the end of 2010 and the end of 2014. This enables us to determine how well the country's HNWIs have performed through the crisis.
SCOPE
  • Independent market sizing of Singapore HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2010 to 2014
  • HNWI volume and wealth forecasts to 2019
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2010-2014)
  • Insights into the drivers of HNWI wealth
REASONS TO BUY
  • The Challenges and Opportunities for the Wealth Sector in Singapore 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • With the wealth reports as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2019.
KEY HIGHLIGHTS
  • Singaporean HNWIs held 33.6% (US$271.1 billion) of their wealth outside of their home country in 2014, while the worldwide average is 20–30%.
  • Foreign asset holdings are expected to increase to US$369.5 billion by 2019, accounting for 35% of the country’s total HNWI assets.
  • North America accounted for 42% of Singaporean HNWIs’ foreign assets in 2014. This was followed by Europe with 32.4%, the Asia-Pacific with 15.5%, the Middle East with 4.9%, Latin America with 4.1% and Africa with 1.2%.
  • Singaporean HNWI allocations to North America increased sharply compared with other regions during the review period, going from 16.7% in 2010 to 42% in 2014.
  • WealthInsight expects HNWIs to increase their level of investment in North America over the forecast period, to reach 58.6% of foreign HNWI assets by 2019, due to the growing confidence about this region.
1 INTRODUCTION

1.1 Details of this Report
1.2 Definitions

2 EXECUTIVE SUMMARY

3 SINGAPORE KEY FACTS

4 DISTRIBUTION OF WEALTH IN SINGAPORE

4.1 HNWI Volume and Wealth Trends

5 COMPETITIVE LANDSCAPE

5.1 Additional Components of the Wealth Sector in Singapore
  5.1.1 Domestic private banks
  5.1.2 Foreign private banks
  5.1.3 Wealth managers
  5.1.4 Family offices
5.2 Key Drivers
  5.2.1 SGD to US$ exchange rate
  5.2.2 Real GDP growth
  5.2.3 Per capita GDP
  5.2.4 Domestic market capitalization
  5.2.5 Commodity index
  5.2.6 Foreign direct investments (FDI) – inflows and outflows
  5.2.7 Inflation rate
  5.2.8 Interest rate
  5.2.9 Balance of payments
  5.2.10 Government debt
  5.2.11 Stock market performance
5.3 Wealth Breakdowns

6 ABOUT WEALTHINSIGHT

LIST OF TABLES

Table 1: HNWI Wealth Band and Group Definitions
Table 2: SGD to US$ Exchange Rate, 2010–2019
Table 3: Singaporean Real GDP Growth (%), 2010–2019
Table 4: Singaporean GDP Per Capita (US$), 2010–2019
Table 5: Singaporean Domestic Market Capitalization (US$ Billion), 2010–2014
Table 6: Singaporean Commodity Indices, 2010–2019
Table 7: Singaporean Foreign Direct Investments (US$ Billion), 2010–2019
Table 8: Singaporean Inflation Rate (%), 2010–2019
Table 9: Singaporean Money Market Rate (%), 2010–2019
Table 10: Singaporean Balance of Payments (US$ Billion), 2010–2014
Table 11: Singaporean Government Debt as a Percentage of GDP (%), 2010–2019
Table 12: Singaporean Stock Market Performance (Index), 2010–2014
Table 13: Singaporean HNWI Wealth vs. GDP Ratio (%), 2010–2019
Table 14: Singapore – Appendix One
Table 15: Singapore – Appendix Two

LIST OF FIGURES

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singaporean Asset Price Performance (%), 2010–2014
Figure 4: Singaporean HNWI Performance (US$ Billion and HNWI Volume), 2010–2019
Figure 5: Singaporean vs Global HNWIs (%), 2010–2019
Figure 6: Singaporean Exchange Rate – SGD to US$, 2010–2019
Figure 7: Singaporean Real GDP Growth (%), 2010–2019
Figure 8: Singaporean GDP Per Capita (US$), 2010–2019
Figure 9: Singaporean Domestic Market Capitalization (US$ Billion), 2010–2014
Figure 10: Singaporean Commodity Indices, 2010–2019
Figure 11: Singaporean Foreign Direct Investments (US$ Billion), 2010–2019
Figure 12: Singaporean Inflation Rate (%), 2010–2019
Figure 13: Singaporean Money Market Rate (%), 2010–2019
Figure 14: Singaporean Balance of Payments (US$ Billion), 2010–2014
Figure 15: Singaporean Government Debt as a Percentage of GDP (%), 2010–2019
Figure 16: Singaporean Stock Market Performance (Index), 2010–2014
Figure 17: Singaporean HNWI Wealth vs. GDP Ratio (%), 2010–2019
Figure 18: Singaporean HNWIs – Volume by Wealth Band, 2010–2019
Figure 19: Singaporean HNWIs – Wealth by Wealth Band (US$ Billion), 2010–2019
Figure 20: Singaporean HNWIs – Wealth per Capita (US$ Million), 2010–2019

COMPANIES MENTIONED

UBS Wealth Management
Citi
Credit Suisse
HSBC Private Bank
Deutsche Asset and Wealth Management
Julius Baer
JP Morgan Wealth Management
Morgan Stanley Wealth Management
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