Evaluation of Financial Products in Private Banking


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Evaluation of Financial Products in Private Banking

  1. 1. Evaluation of Financial Products in Private BankingReport Details:Published:October 2012No. of Pages: 59Price: Single User License – US$3800Synopsis• Financial institutions need to design new financial products to cater to the emerging newsegment of wealthy individuals, particularly within the Asia-Pacific region. Retail banks need toidentify new products and services to improve the revenues, assess needs and offer convenient,effective service to targeted, high yield accounts• This report assesses the emerging opportunities available to both senior strategic staff and thoseat regional and branch level, looking to attract wealthy individuals with personalized financialproducts• It covers various emerging financial products targeted to new emerging segments in the bankingindustry• Key issues in segmentation and the various approaches for handling the issues are thoroughlydiscussed• It also provides in-depth knowledge on key trends of various segments such as HNWI andUHNWISummaryThe private banking industry is experiencing increased demand for various financial products fromthe growing number of high net worth individuals (HNWIs), particularly in the Asia Pacific region.The emergence of a new segment of wealthy individuals has spurred the interest of many leadingcompetitors in the industry. In addition, the growing diversification of wealthy clientele hasattracted considerable attention among key competitors, and new opportunities are beginning toemerge. The private banking and wealth management industry is starting to focus more on clientservice and value delivery for this segment.ScopeThis report will allow you:• To assess the new opportunities for business development based on the investment and wealthallocation practices of HNWIs• To understand the major challenges faced by the financial services industry such as trust andexamine investment opportunities in various emerging markets• To analyze the impact of future product and service trends in private banking, as well as the
  2. 2. competition between private banks on product offerings• Understand the practices followed by various global financial institutionsReasons To Buy• The report provides descriptive information regarding the investment and wealth allocationpractices of HNWIs, and the challenges that wealth management advisers and firms encounter inserving the affluent• There is a special emphasis on offshore private banking and offshore opportunities, plus anexamination of the pitfalls of offshore assets and investments• The report also focuses on major private banks in three key regions: the Americas, Europe-Middle East-Africa (EMEA) and Asia-Pacific• The report provides in-depth analysis of the key issues in the private banking industry such astrust and examines investment opportunities in emerging marketsKey Highlights• Financial institutions are using technology to optimize products and services to gain HNWIcustomers.• The HNW population in the Asia-Pacific region posted remarkable growth during 20092011.• Wealth management advisors and firms endorsed a new range of products such as financial andinvestment advisory services, lifestyle and management services, wealth management services,banking and credit products, and cross border capital allocation services.• The financial services industry is focusing on new emerging segments such as HNWI andUHNWI.Get your copy of this report @http://www.reportsnreports.com/reports/199639-evaluation-of-financial-products-in-private-banking.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Financial Product Evolution: An Overview of Currency Financial Product Offerings in PrivateBanking2.1 Issues and Concerns Faced by the Industry: Practices of the Financial Banking Industry2.2 Growing Optimism in Emerging Markets: Asia-Pacific’s Financial Market on the Rise2.3 Business Model Modifications: Regulatory Requirements and Client Needs Adjustments2.4 Tax Issues in Offshore Private Banking2.5 Future Wealth Distribution and Segmentation2.6 Financial Wealth of HNWIs2.7 Population Growth of HNWI2.8 Financial Characteristics of HNWIs: Segmentation and Categorizing the Rich2.9 Financial Capacities of HNWIs: Where Does the Money Come From?2.1 Asset Management and Investment Behavior of HNWIs and UHNWIs2.11 Asset Management Behavior of HNWIs: Changing Behavior and Investment Inclination of theAffluent
  3. 3. 2.12 Investment Behavior: HNWI Population’s Inclination to Invest in Diversified Passion SafeHavens2.13 Art: An Increasingly Attractive Investment for HNWIs2.14 Jewellery, Gems and Watches: Shining Investment Strategies for the Middle Eastern Affluent2.15 Luxury Collectibles: Investments of Choice for HNWIs2.16 Sports Investments: Sports Franchising and Holdings of HNWIs2.17 Wine, Coins and Antiques: Showing Potential for Financial Gains2.18 Effects of Financial Turmoil3 Regulatory Trends and Challenges in Private Banking3.1 Trends in Private Banking: Various Changes in the HNWI Market3.2 Diversified Clientele3.3 Expanding Asia-Pacific HNWI Clientele3.4 Continuous Effort to Rebuild and Obtain the Trust of Clients3.5 Private Banking: Challenges and Issues3.6 Private Banking in the Middle East: Adjusting to the Cultural and Economic Requirements inGulf Cooperation Council Countries3.7 Asian Private Banks: Challenges in Business Cycle and Talent Management3.8 Changes in Wealth Allocation and Management Practices of HNWIS3.9 Risks vs Returns: Cautious Investments4 Diversity in Financial Product Offerings4.1 Products and Services: Development of Private Products4.2 Recent Product Developments4.3 Wealth Management Services4.4 Financial and Investment Advisory4.5 Cross-Border Capital Allocation Services4.6 Banking and Credit Products4.7 HNW Clientele’s Banking and Product Preferences5 IT Trends in Private Banking5.1 Early Involvement of the Younger HNW Generation and Preference for Technology-BasedWealth Management5.2 Optimizing the Wealth Management Industry via Technology6 Development of Offshore Private Banking6.1 Tax, Regulations and Expertise6.2 Post-Crisis Realities in Offshore Private Banking6.3 Alternative Client Behavior to Risk Aversion6.4 Offshore Banking Brings De-Concentration and the Global Distribution of Wealth6.5 Pitfalls, Risks, and Challenges in Offshore Private Banking7 Private Banking in The Americas – Existing Conditions and Financial Product Offerings7.1 North America’s HNWIs Remain on Top7.2 Latin Americas’ Support for Onshore Private Banking Prompts International Banks to Move tothe Region7.3 The US
  4. 4. 7.4 Bank of America Merrill Lynch – US7.4.1 Investment management7.4.2 Banking and lending7.4.3 Concentrated stock management7.4.4 Tax minimization strategies7.4.5 Other services7.4.6 Merrill Edge7.5 Brazil7.6 Itaú Unibanco7.6.1 Treasury products7.6.2 Investment funds7.6.3 Brokerage7.6.4 Pension plan7.6.5 Social products7.6.6 Alternative Products7.6.7 Escrow8 Private Banking in Europe, Middle East and Africa (EMEA) – Existing Conditions and FinancialProduct Offerings8.1 EMEA Eclipsed by Asia-Pacific in 20118.2 Challenges and Threats to the EMEA Private Banking Industry8.3 Switzerland8.4 UBS AG – Switzerland8.4.1 Equities8.4.2 Bonds8.4.3 Gold8.4.4 Equities8.4.5 Fixed Income8.4.6 Alternative and quantitative investments8.4.7 Global real estate8.4.8 Global fund solutions8.4.9 Infrastructure8.4.10 Fund services8.5 Middle East8.6 Hong Kong Shanghai Banking Corporation (HSBC) – Middle East8.6.1 Liquidity8.6.2 Structured and Alternative8.6.3 Equity8.7 South Africa8.8 Deutsche Bank AG – South Africa8.8.1 Global markets8.8.2 Global debt markets9 Private Banking in Asia-Pacific – Existing Conditions and Financial Product Offerings
  5. 5. 9.1 The Growth in Asia-Pacific Wealth Management Market9.2 Threats and Challenges in Asia-Pacific Growth9.3 China9.4 Hong Kong Shanghai Banking Corporation (HSBC) – China9.4.1 Structured investment9.4.2 Dual currency investment9.5 Hong Kong9.6 Credit Suisse Group – Hong Kong9.6.1 Foreign exchange and commodities9.6.2 Fixed income9.6.3 Equities9.6.4 Alternative investments9.6.5 Fund products9.6.6 Structured derivatives9.6.7 Singapore9.7 The Citi Private Bank – Singapore9.7.1 Short-term assets9.7.2 Liquid assets9.7.3 Long-term assets10 Risk Management and Changing Private Banking Relations10.1 Risk Management: The Game Changer for Private Banking10.2 Managing Risks and Transforming Operations10.3 Information Technology: Shaping the Future of Private Banking11 Appendix11.1 Methodology11.2 Contact Us11.3 About Timetric11.4 DisclaimerList of TablesTable 1: Behavior of UHNWIs in Various Market ConditionsTable 2: Financial Products Preference of HNW clienteleList of FiguresFigure 1: Impact of Downturn on Personal Net Worth by RegionFigure 2: Survey Results Showing the Categorizing Criteria Used by Wealth Managers inClassifying Their HNW ClienteleFigure 3: Comparison of Age Distribution of UHNWIs in Different CountriesFigure 4: Distribution of HNWIs Around the World (millions)Figure 5: Comparison of Investments of Passion Amongst HNWIs from 2008-2010Figure 6: Various Challenges and Concerns in Private BankingFigure 7: Banking Preferences and Characteristics of HNWIs in Gulf Cooperation Council
  6. 6. CountriesFigure 8: Breakdown of HNWIs’ Financial Asset Allocations, 2006-2012Figure 9: Private Banking Product RangeFigure 10: Financial Product Preference of HNW ClienteleFigure 11: Characteristics that HNW Clientele seek in a Private BankFigure 12: Transfer of HNW Market Share in the USFigure 13: Financial Information Sources of HNWIs (Based on Age)Figure 14: Percentage Share of Wealthy US Investors Interested in using Technology to Interactwith Financial Advisers or Investment Firms (by Age)Figure 15: GDP Performances of Developed and Emerging MarketsFigure 16: Return on Investment in Emerging Markets by SectorFigure 17: Emerging Markets’ Performance in Private Equity DealsFigure 18: Global Average Projected Level GrowthFigure 19: 2007–2010 Distribution of HNWIs by Region (US$ Trillion)Figure 20: Earlier Forecasts of HNWI Population Distribution by RegionFigure 21: Principal Areas of Risks, According to Private Banking PractitionersFigure 22: Private Banking Standards for Client SegmentationContact: sales@reportsandreports.com for more information.