Emerging Wealth Management Hot Spots Retail Banking Technology (Market Focus)

Published by: Datamonitor

Published: Jun. 7, 2007 - 10 Pages

Table of Contents

DATAMONITOR VIEW

CATALYST

SUMMARY

ANALYSIS

Rising numbers of wealthy individuals create hot spots for wealth managers

FSIs are taking the lead position in targeting the mass affluent

Local expertise and relationship based model are causing selective market consolidation

Emerging markets are changing the perception of wealthy markets

Emerging markets will become prime location for wealth managers in the long term

APPENDIX

Definitions

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Figures

Figure 1: Mass Affluent and High Net Worth market sizes

Figure 2: Wealth Management Market Dynamics

Figure 3: Top 10 global private banks by worldwide assets under management 2001-2005

Figure 4: Growth rates for high net worth segment within emerging countries and leading economies

Abstract

Introduction

The mass affluent markets remain a growth opportunity for the banking sector as the liquid asset based of this customer group expands. Banks targeting this sector need to extend their offering beyond that of traditional retail banking in product bundling, customer service levels and customer understanding as well as develop a cost model that allows provision of this to lower wealth bands.

Scope

Covers both developed as well as emerging markets for wealth management

Areas covered include market challenges, competitive landscape, consolidation and hot spots for wealth managers and supporting IT vendors

Highlights

The recent years were quite healthy for wealth managers; however growth for both: macroeconomic indicators and the growth of wealthy individuals is recently decelerating following two consecutive years of strong growth in 2003/4.

The rebound in financial markets and growing customer demand for managed accounts provides a solid foundation for growth in the wealth management space. However, the favorable environment and long-term trends have resulted in a more competitive market.

In terms of global wealth management, emerging markets principally China and India, but also Brazil, Russia, the Middle East remain central to the growth plans of many businesses.

Reasons to Purchase

Gain visibility into the dynamics of the wealth management technology market

Gain market insight to assist in your strategic planning and go-to-market strategy

Get Full Details About This Report >>

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 160,000 market research reports, company profiles and country profiles from over 600 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.