Challenges and Opportunities for the Wealth Sector in Singapore 2014

Date: January 15, 2015
Pages: 53
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 2014
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 2008 (the peak before the global financial crisis) and the end of 2013. 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 2009 to 2013
  • HNWI volume and wealth forecasts to 2018
  • 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 (2009-2013)
  • Insights into the drivers of HNWI wealth
REASONS TO BUY
  • The Challenges and Opportunities for the Wealth Sector in Singapore 2014 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 2018.
KEY HIGHLIGHTS
  • Singaporean HNWIs held 32.9% of their wealth outside their home country in 2013, equal to US$246.0 billion, which is higher than the global average of 20–30%.
  • WealthInsight expects foreign asset holdings to value US$313.1 billion by 2018, accounting for 30.4% of the total HNWI assets.
  • Europe accounted for 36.1% of these foreign assets in 2013.
  • This was followed by the Asia-Pacific with 26.7%, North America with 25.4%, Latin America with 7.1%, the Middle East with 2.6%, and Africa with 2.2%.
  • During the review period, Singaporean HNWI allocations to Asia-Pacific decreased compared with other regions, from 48.7% in 2009 to 26.7% in 2013. North America and Europe were the emerging regions in terms of global investments.
  • WealthInsight expects HNWIs to continue to reduce their level of investments in the Asia-Pacific over the forecast period, to reach 12.5% in 2018, with both Europe and North America being the key growth drivers.
1 INTRODUCTION

1.1 Details of this Report
1.2 Definitions

2 EXECUTIVE SUMMARY

3 WEALTH SECTOR FUNDAMENTALS

3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Singapore’s Wealth in Context
  3.3.1 Distribution of wealth in Singapore
3.4 HNWI Volume and Wealth Trends

4 COMPETITIVE LANDSCAPE OF THE WEALTH SECTOR

4.1 Competitive Landscape
  4.1.1 Domestic private banks
  4.1.2 Wealth managers
  4.1.3 Family offices
  4.1.4 Financial advisors
4.2 Singaporean Wealth Management Industry – Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in Singapore

5 APPENDIX

5.1 Additional Components of the Singaporean Wealth Sector
  5.1.1 Philanthropy
  5.1.2 Demand for intergenerational wealth transfer
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
  5.4.1 SGD to US$ exchange rate
  5.4.2 Real GDP growth
  5.4.3 Per capita GDP
  5.4.4 Domestic market capitalization
  5.4.5 Commodity index
  5.4.6 Foreign direct investments – inflow and outflow
  5.4.7 Inflation
  5.4.8 Interest rate
  5.4.9 Balance of payments
  5.4.10 Government debt
  5.4.11 Stock market performance
5.5 Wealth Breakdown

6 ABOUT WEALTHINSIGHT

LIST OF TABLES

Table 1: HNWI WEALTH BAND AND GROUP DEFINITIONS
Table 2: Leading Private Banks in Singapore by AuM (US$ Million), 2013
Table 3: Singaporean Wealth Managers, 2013
Table 4: Singaporean Family Offices, 2013
Table 5: Singaporean Income Tax Bands (SGD), 2013
Table 6: SGD per US$ Exchange Rate, 2009–2018
Table 7: Singaporean Real GDP Growth (%), 2009–2018
Table 8: Singaporean GDP per Capita (US$), 2009–2018
Table 9: Singaporean Domestic Market Capitalization (US$ Billion), 2009–2013
Table 10: Singaporean Commodity Indices, 2009–2018
Table 11: Singaporean Foreign Direct Investments (US$ Billion), 2009–2018
Table 12: Singaporean Inflation Rate (%), 2009–2018
Table 13: Singaporean Interest Rate (%), 2009–2018
Table 14: Singaporean Balance of Payments (US$ Billion), 2009–2013
Table 15: Singaporean Government Debt as a Percentage of GDP (%), 2009–2018
Table 16: Singaporean Stock Market Performance, 2009–2013
Table 17: Singaporean HNWI Wealth vs GDP Ratio (%), 2009–2018
Table 18: Singapore – Appendix One
Table 19: Singapore – Appendix Two

LIST OF FIGURES

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singaporean Asset Price Performance, 2009–2013
Figure 4: Singaporean HNWI Performance, 2009–2018
Figure 5: Singaporean vs Global HNWIs, 2008–2015
Figure 6: Singaporean Wealth Management Industry – Maturity Level of Operators
Figure 7: Singaporean Wealth Management Industry – Behavioral Mapping, 2013
Figure 8: SGD to US$ Exchange Rate, 2009–2018
Figure 9: Singaporean Real GDP Growth (%), 2009–2018
Figure 10: Singaporean GDP per Capita (US$), 2009–2018
Figure 11: Singaporean Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 12: Singaporean Commodity Indices, 2009–2018
Figure 13: Singaporean Foreign Direct Investments (US$ Billion), 2009–2018
Figure 14: Singaporean Inflation Rate (%), 2009–2018
Figure 15: Singaporean Interest Rate (%), 2009–2018
Figure 16: Singaporean Balance of Payments (US$ Billion), 2009–2013
Figure 17: Singaporean Government Debt as a Percentage of GDP (%), 2009–2018
Figure 18: Singaporean Stock Market Performance, 2009–2013
Figure 19: Singaporean HNWI Wealth vs GDP Ratio (%), 2009–2018
Figure 20: Singaporean HNWIs – Volume by Wealth Band, 2009–2018
Figure 21: Singaporean HNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 22: Singaporean HNWIs – Wealth per Capita (US$ Million), 2009–2018
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