Thailand Wealth Report 2015
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During the last decade, the Thai economy has been driven by a strong growth in the financial services, manufacturing, and technology and telecommunications sectors. Wealth is increasing rapidly, and many local and foreign banks are ready to take advantage of the wealth created.
Local private banks are partnering with foreign institutions to provide wealth management services to HNWIs. The majority of investments by HNWIs include tangible and basic investment products such as bank deposits; private banks are making efforts to create awareness around the various investment instruments available offering higher returns for HNWIs .
UHNWIs accounted for 0.9% of Thailand’s total HNWI population in 2014. The number of UHNWIs in Thailand rose by 25.3% during the review period, from 431 in 2010 to 540 in 2014. A range of performance was recorded between the different UHNWI wealth bands. The number of centimillionaires rose by 25.3% during the review period, while affluent millionaires increased by 24.5%.
Scope
• An independent market sizing of Thai HNWIs across five wealth bands
• Analysis of HNWI volume, wealth and allocation trends from 2010 to 2014
• An analysis of HNWI volume, wealth and allocation forecasts to 2019
• A breakdown of HNWI and UHNWI asset allocations across 13 asset classes
• A geographical breakdown of all foreign assets
• An alternative breakdown of liquid versus investable assets
• Details of how wealth management has developed, in addition to analysis of domestic and foreign private banks in Thailand
• Information on the largest private banks in Thailand
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth in the Thai wealth market
• The number of HNWIs in major Thai cities
Key Highlights
How many HNWIs are there in Thailand? How much wealth do they hold in US$ billion?
By what percentage did the Thai HNWI population grow in 2014? How does this compare to the increase in the previous year?
How is the Thai HNWI population forecast to grow by 2019? By what percentage is HNWI wealth projected to grow by 2019? What will be the total of wealth in US$ billion that this represents?
Reasons to Buy
• Investigate a comprehensive analysis of the private banking and wealth management sector in Thailand and deliver your value proposition to clients based on the most current market information
• Evaluate HNWI volumes in each major Thai city to better target your wealth prospects whilst ensuring your operations are cost-effective
• Analyze the asset allocations of HNWIs and ultra-HNWIs, including projections of their volume, wealth and asset allocations to 2019. Identify those segments predicted to grow substantially over the forecast period and develop your product propositions to maximize returns on investment
Kasikorn Bank Public Co. Ltd
Siam Commercial Bank Public. Co. Ltd
Ayudhya Public Company Ltd (Krungsri)
Standard Chartered Bank (Thai)
Asia Plus Securities
Kiatnakin Phatra Private Wealth Management
Trinity Watthana PCL
TISCO Group Wealth Management
Finansa Wealth Management
and Forbears Freedom Wealth Management.
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Frequently asked questions
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