Introduction
This report is a follow up on the highly popular 2004 brief. It focuses on innovations from around the globe across products, services, distribution and sponsorship/promotion. These are examined in the form of case studies and their applicability to Asia-Pacific markets is analysed.
Scope
- Each section analyses a series of case studies taken from private banks and wealth managers around the globe and then draws together conclusions.
- Analyses innovation and differentiation through the use of products, services, distribution and promotion.
- Primary sources include private banks and wealth managers in Asia-Pacific.
- Secondary sources include central banks, census and statistics departments and in-depth internet research.
Report Highlights
- The bulk of wealth in Asia-Pacific has been created since the 1950s, so until now many of the wealthy families have not had to deal with issues of succession planning and legacies. Now as the patriarchs and matriarchs of these wealthy families are passing away, the need for advice is increasing and the trend towards philanthropy is growing.
- As Australian property prices pass beyond the reach of many investors, the New Zealand market becomes more attractive there is an opportunity for the big Australian banks to step in and add some legitimacy to this market.
- The mass affluent market is an important component of many of the Asia-Pacific markets; this includes developed markets like Australia, Hong Kong, Japan and Singapore as well as the emerging markets of China, India, Malaysia and South Korea.
Reasons to Purchase
- This brief evaluates a wide range of innovations allowing wealth managers to cherry-pick ideas.
- This brief helps wealth managers to prioritize the strategies that offer good returns on investment.
- This brief helps wealth managers to identify new niches from which revenue growth is possible.
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