Product innovation in Asia-Pacific Wealth Management 2007

Table of Contents

• DATAMONITOR VIEW
  • CATALYST
  • SUMMARY
• EXECUTIVE SUMMARY
  • Linked products, online services and capital protected investments are where innovation is being seen
  • Business owners most demand private equity investments
• ANALYSIS
  • The most wealth management product/service launches in Asia-Pacific involve lending products, online service and property investments
    • 78% of Asia-Pacific banks have seen significant new launches of lending products, however innovation is lacking
    • 76% of Asia-Pacific banks have seen significant new launches of online services
    • 76% of Asia-Pacific banks have seen significant new launches of property investments
    • 72% of Asia Pacific banks have seen significant new launches of capital protected products
    • The market has not seen much in the way of new charity/philanthropy services launches
  • Lending might be the area where the most new launches are seen, but linked products, online services and capital protected products are where innovation is being seen
    • Two thirds of banks describe linked products as significantly innovative
    • 62% banks find that online services are significantly innovative
    • Asia-Pacific banks have mixed feelings regarding capital protected investments as being innovative
  • Innovation in the next two years is most likely to be seen in the areas of online services, linked products and capital protected investments
    • Over half the respondents expect a lot more innovation over the next two years in online services
    • Three quarters of Asia-Pacific banks expect at least a fair amount of innovation over the next two years in linked products
    • Capital protected products will also be innovative over the next two years
  • Retirees and business owners are demanding the most innovative wealth management products and services
    • Retirees and business owners most demand linked products
    • Retirees most demand capital protected products
    • Business owners most demand private equity investments
    • Expatriates and business owners mostly demand online services
  • Wealth managers must sell the benefits of an innovative product
  • Data
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Level of product/service launches being witnessed in the wealth management market
    • Table 2: Level of innovation being witnessed in various wealth management areas
    • Table 3: Level of innovation expected to develop over the next two years in various wealth management areas
    • Table 4: Customer segments that have a lot of demand for the following wealth management areas
  • List of Figures
    • Figure 1: 66% of Asia-Pacific banks feel that linked products are significantly innovative
    • Figure 2: More than a quarter of respondents believe that business owners/entrepreneurs have a lot of demand for private equity investments
    • Figure 3: Nearly 80% of respondents are seeing a significant number of lending products being launched in the market
    • Figure 4: 34% of Asia-Pacific banks have seen ' many' new launches of lending products
    • Figure 5: 38% of Asia-Pacific banks have seen ' many' new launches of online services
    • Figure 6: Over a quarter of respondents have seen ' many' new launches of property investments
    • Figure 7: 24% of Asia-Pacific banks have seen ' many' new launches of capital protected products
    • Figure 8: 22% of Asia-Pacific banks have seen no significant launches of charity/philanthropy services
    • Figure 9: Linked products and online services are seen as the most innovative areas in wealth management
    • Figure 10: 66% of Asia-Pacific banks feel that linked products are significantly innovative
    • Figure 11: The highest proportion of Asia-Pacific banks find that online services are quite innovative
    • Figure 12: 57% of wealth managers consider capital protected investments significantly innovative
    • Figure 13: Online services and linked products are most likely to experienced more innovation over the next two years
    • Figure 14: The majority of respondents believe that there will be a lot more innovation in online services over the next two years
    • Figure 15: Over three-quarters of respondents expect linked products to develop significantly over the next two years
    • Figure 16: Almost a quarter of Asia-Pacific banks believe there will be a large increase in innovation over the next two years for capital protected investments
    • Figure 17: Retirees and business owners demand the most innovative products and services
    • Figure 18: Asia-Pacific banks see a lot of demand for linked products from business owners/entrepreneurs and retirees
    • Figure 19: Asia Pacific banks see a lot of demand from retirees for capital protected investments
    • Figure 20: More than a quarter of respondents see a lot of demand for private equity investments from business owners/entrepreneurs
    • Figure 21: Expatriates and business owners demand online services from their wealth manager