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Market Research Report

Best Practice in Wealth Management - Asia Pacific

Published by Datamonitor Contact us : +1-860-674-8796
Published 2005/05 Content info  
Product code DC30131
Price From  US $ 4495 Order/Price list
US $ 4495 PDF by E-mail (Single User License)
US $ 11238 PDF by E-mail (Global License)
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Approx. 1-2 business days
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Approx. 3-4 business days
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Description TOC

TABLE OF CONTENTS

CHAPTER 1 EXECUTIVE SUMMARY

  • Introduction
  • Who is the target reader?
  • Setting the scene
  • Why is best practice important?
  • The basic measures of success
  • The key qualifying criterion for best practice
  • Key finding
  • Customer orientation
  • Key findings
  • Expansion
  • Key findings
  • Use of service channel
  • Key findings

CHAPTER 2 INTRODUCTION

  • Who is the target reader?
  • How to use this report
  • Report Methodology

CHAPTER 3 SETTING THE SCENE

  • Why is best practice important?
  • The increasing focus on best practice
  • The opacity of the market makes best practice difficult to determine
  • Despite this wealth managers still strive for industry excellence
  • How can best practice be measured?
  • The basic measures of success
  • The key qualifying criterion for best practice

CHAPTER 4 CUSTOMER ORIENTATION

  • Customer involvement
  • Citigoup has been investing in relationships
  • The co-investment concept has been offered by CPB to its clients
  • Targeted seminars are also offered to selected client groups
  • Citibank NRI is sponsoring key events
  • The verdict
  • ICICI has been focusing on domestic clients
  • ICICIs regional seminar circuit
  • The verdict
  • Service focus
  • Sand Aire keeping it in the family
  • The verdict
  • Customer segmentation
  • Coutts multi-criteria segmentation strategy
  • How does this compare to other offerings?
  • The verdict
  • Data

CHAPTER 5 EXPANSION

  • Domestic expansion
  • Coutts has looked to the provinces for clientele
  • 2003 marked the turnaround in strategy...
  • ...and the West Midlands was the first area to be expanded...
  • ...followed by the North-West
  • ...then Cumbria in the North-East and Oxford in 2004
  • 2005 has already seen growth in the South-East and North East
  • The fruits of expansion
  • And what about the future?
  • The verdict
  • Barclays takes on the UK market
  • Organizational structure was a hindrance
  • The first move was to make an acquisition
  • Then came the restructure
  • The verdict
  • International expansion
  • UBS taking over the world
  • Starting with organic European growth
  • Then European acquisition
  • The results in Europe
  • Reflecting on success
  • Expansion outside of Europe
  • The verdict
  • DBS has become a regional private banking force
  • The Hong Kong/Singapore advantage
  • Scoping out opportunities
  • Leveraging group resources
  • Partnerships
  • Verdict

CHAPTER 6 USE OF SERVICE CHANNEL

  • Branch-based services
  • The Singaporean domestic banks have recognized the power of premier branches
  • UOB was a slow starter
  • DBS is gaining ground
  • And OCBC is ambitious
  • Competition has been a driver of innovation
  • Singapore is ahead of other countries
  • The verdict
  • Technology propositions
  • Credit Suisse Private Banks cutting edge technology
  • Its all about enabling your clients
  • What about the future?
  • How does this compare to other offerings?
  • The verdict
  • Direct interaction
  • St. George has shown progressiveness in front line service
  • Through use of relationship teams
  • By switching from fees to commission
  • And by reviewing staff remuneration
  • The verdict

CHAPTER 7 APPENDIX

  • Definitions
  • AAGR
  • CAGR
  • Gini index
  • Liquid assets
  • Liquid asset bands
  • Research methodology
  • The Global Wealth Model
  • The UK sub model
  • Asia-Pacific sub model
  • Forecasting methodology
  • Datamonitors wealth numbers compared with others numbers
  • Bespoke Wealth Market Sizing
  • Further reading
  • Datamonitor Asia-Pacific Wealth Reports
  • Datamonitor Asia-Pacific Insight Reports
  • Asia-Pacific contacts

List of Tables

  • Table 1: The motivations for setting up a family office differ greatly by family office model
  • Table 2: Key indicators of success for the global private banks
  • Table 3: Premier banking branches in Singapore
  • Table 4: Wealth markets that have been modeled using the Global Wealth Model
  • List of Figures
  • Figure 1: Methodology diagram and report structure
  • Figure 2: Compared to its peers, Citigroup Private Bank has performed well over the last few years, both in client acquisition and revenue growth
  • Figure 3: Citigroup Private Banks regional advertising highlights commitment to relationships in the Asia-Pacific region
  • Figure 4: Coutts segmentation strategy allows the bank to cater for almost any client
  • Figure 5: Coutts regional office network in England and Wales
  • Figure 6: The problems facing Barclays were of disparity and service gaps
  • Figure 7: The Barclays model is now much more comprehensive and allows for the easy feed-through of clients
  • Figure 8: UBS Wealth Management offices in Europe, March 2005
  • Figure 9: UBS acquisition strategy over the last two years has seen a significant inflow of client assets for its European Wealth Management business
  • Figure 10: Almost every international private client brand has a presence in Hong Kong and Singapore
  • Figure 11: UOBs Wealth Management Centres have lounge style seating and private meeting rooms
  • Figure 12: Singapore is one of the most competitive premier markets in the world, with just 19,000 potential clients per competitive offering
  • Figure 13: Credit Suisses wealth management business model
  • Figure 14: Credit Suisse Private Banking Website
  • Figure 15: Credit Suisse Private Bank has improved revenues and profits since the market downturn, but it is far from being the best performing wealth manager
  • Figure 16: There are several different ways in which wealth managers are choosing to manage their clients
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