-
Sector Analysis
Malaysia Wealth Management – High Net Worth (HNW) Investors 2021
Most high net worth (HNW) individuals in Malaysia earned their wealth through entrepreneurship and are showing strong demand for planning and lending products. However, a multi-service proposition is a must as demand is expected to increase across all planning services and mandates, especially robo-advice services as HNW investors show greater demand for digitization of advisory services. The Malaysia wealth management report sizes the opportunity within Malaysia’s wealth market and analyzes the investment preferences, service requirements, and portfolio allocations of Malaysian...
-
Analyst Opinions
France Wealth Management – HNW Investors 2021
Financial services and healthcare are the key industries for HNW wealth generation followed by construction & engineering, real estate, tech & telecommunication, transport and logistics, retail, fashion & luxury, FMCG, hotels restaurants and leisure, media, diversified, government, basic materials, and energy & utilities. A stellar investment banking performance throughout the year helped boost the revenue and profits of banks during 2021. In addition, a sustained recovery in French retail banking since Q2 2021 and lower risk financing costs also contributed...
-
Company Insights
Competitor Profile: Bank of America Wealth Management
This competitor profile provides a comprehensive analysis of Bank of America’s private banking and wealth management operations. It offers insights into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as are product innovation and marketing activities. Bank of America operates through four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Merrill (formerly Merrill Lynch Wealth Management) and Bank of...
-
Sector Analysis
China Wealth Management – Market Sizing and Opportunities to 2025
The Chinese resident retail savings and investments market was $19,030.09 billion in 2020. The market is expected to grow at a CAGR of more than 11% during the forecast period 2021-2025. China’s affluent segment (including HNW and mass affluent individuals) accounted for a mere 4.9% of the total adult population in 2020. Despite the impact of COVID-19, the country’s wealth market has remained resilient, thereby driving the overall affluent population growth of 7.7% in 2020. Even though China was the...
-
Sector Analysis
Italy Wealth Management – Market Sizing and Opportunities to 2025
The Italian resident retail savings and investments market was $2,240.56 billion in 2020. The market is expected to grow at a CAGR of more than 3% during the forecast period 2021-2025. Italy’s affluent segment (covering HNWs and mass affluents) accounted for just 15.1% of the total population and held 86% of the country’s total onshore liquid assets in 2020. The majority of the affluent segment holds their wealth in deposits and bonds, indicating their preference for safe-haven assets. Therefore, as...
-
Sector Analysis
United Arab Emirates (UAE) Wealth Management – Market Sizing and Opportunities to 2025
The resident retail savings and investments market in the UAE was $177.60 billion in 2020. The market is expected to grow at a CAGR of more than 4% during the forecast period 2021-2025. The UAE’s affluent segment (including HNWs and mass affluents) accounted for a mere 6.8% of the total population and held 81.5% of the UAE’s total onshore liquid assets in 2020. The affluent segment holds the majority of their wealth in safe-haven assets such as deposits followed by...
-
Sector Analysis
Mass Affluent Target Propositions, 2021 Update – A Key for Sustainability and Growth
The global wealth market will increase by 8% in 2021. Targeting the mass affluent demographic has worked its way up the priority list for banks and wealth managers in recent years. Some banks are not new to capturing this demographic with dedicated services, but in this digital transformation period competition for this lucrative group is on the rise. Heightened competition and regulatory costs for wealth managers, low interest rate margins for banks, and new digital entrants keen to keep their...
-
Sector Analysis
Canada Wealth Management – Market Sizing and Opportunities to 2025
The Canadian resident retail savings and investments market was $3,145.81 billion in 2020. The market is expected to grow at a CAGR of more than 5% during the forecast period 2021-2025. Canada’s affluent segment (covering HNWs and mass affluents) accounted for 32.4% of the total population. The majority of the affluent segment holds their wealth in deposits and mutual funds. Therefore, as the outbreak of the COVID-19 pandemic caused big downward shifts in the market performance of the country, the...
-
Sector Analysis
United States of America (USA) Wealth Management – Market Sizing and Opportunities to 2025
Based on our proprietary datasets, GlobalData’s “United States of America (USA) Wealth Management - Market Sizing and Opportunities to 2025” report analyzes the US wealth and retail savings and investments markets, with a focus on the HNW segment. This includes overall affluent market size (both by number of individuals and the value of their liquid assets) as well as a breakdown of liquid vs. illiquid HNW holdings. The report also provides analysis of the factors driving liquid asset growth, including...
-
Sector Analysis
Targeting and Servicing High Net Worth (HNW) Investors – Strategies, Investment Behaviors, Investor Proclivities with regards to Risk, Loyalty, and Product Uptake
This report analyzes and sizes key segments of the global HNW market, providing detailed recommendations on how best to target and service these segments. It explores how investment behaviors differ across different target segments, and highlights different investor proclivities with regards to risk, loyalty, and product uptake. It is based on our proprietary Global Wealth Managers Surveys. A key focus for most wealth providers, HNW entrepreneurs constitute the second-largest target segment (after professionals), followed by females and expats, who represent...
-
Company Insights
China Merchants Bank – Competitor Profile
GlobalData’s 'China Merchants Bank - Competitor Profile' provides a comprehensive analysis of CMB's private banking and wealth management operations. It offers insights into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as are product innovation and marketing activities. Headquartered in Shenzhen, China Merchants Bank (CMB) is one of the leading Chinese private banks, with over 70,000 employees and a service network of more than 1,800 branches worldwide....
-
Company Insights
BNP Paribas Wealth Management – Competitor Profile
This competitor profile provides a comprehensive analysis of BNP Paribas Wealth Management. It offers insights into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as are product innovation and marketing activities. Headquartered in Paris, France, BNP Paribas Group operates in Europe, Asia, the US, and the Middle East. It has two divisions: Retail Banking & Services and Corporate & Institutional Banking. Retail Banking & Services comprises Domestic...
-
Sector Analysis
Global Wealth Managers – Competitive Dynamics 2020
This report benchmarks the world’s leading wealth managers by managed client assets and financial performance. The report covers the 44 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups. All international public wealth managers with over $100bn in private client AUM are featured in the report. The leading wealth managers around the world entered 2020 in a relatively strong position with a stellar year for client assets,...
-
Company Insights
Bank of Singapore (OCBC) – Competitor Profile
The Bank of Singapore is the Singapore-based private banking arm of Oversea-Chinese Banking Corporation (OCBC Bank). It has a presence in Asia, the Middle East, and Europe. The bank focuses on serving high-net-worth (HNW) individuals and wealthy families. This report gives a comprehensive analysis of Bank of Singapore's private banking and wealth management operations. It offers insights into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as...
-
Sector Analysis
Retail Savings and Investments in Canada – Coronavirus (COVID-19) Sector Impact
The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. This report focuses on the impact of the coronavirus outbreak on the Canadian economy and the country’s retail savings and investment market. It also highlights the...
-
Sector Analysis
Retail Savings and Investments in Taiwan – Coronavirus (COVID-19) Sector Impact
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most of the countries across the world registering declines in their economic...
-
Sector Analysis
Retail Savings and Investments in Malaysia – Coronavirus (COVID-19) Sector Impact
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most of the countries across the world registering declines in their economic...
-
Sector Analysis
Retail Savings and Investments in Singapore – Coronavirus (COVID-19) Sector Impact
The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. This report focuses on the impact of the coronavirus outbreak on the Singaporean economy and the country’s retail savings and investment market. It also highlights the...
-
Sector Analysis
Retail Savings and Investments in Ireland – Coronavirus (COVID-19) Sector Impact
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most countries across the world registering declines in their economic growth for...
-
Sector Analysis
Retail Savings and Investments in Hong Kong – Coronavirus (COVID-19) Sector Impact
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most of the countries across the world registering declines in their economic...
Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.