Synopsis
This report is the result of Company’s extensive research covering the Wealth Management industry in Asia. It covers Asias major offshore centres namely: Hong Kong and Singapore.

Executive Summary
Asia is the fastest growing region in the world in terms of wealth. Financial centres such as Singapore and Hong Kong are ideally located to benefit from this new wealth. The report analyses Hong Kong and Singapore’s Wealth Management and Private Banking sector, and the opportunities and challenges therein.

Scope
The report features:
• Political and Economic reviews
• Competitive Landscape of the Wealth Sector in Hong Kong and Singapore
• Challenges and Opportunities for the Wealth Sector in both countries
• Leading Companies in the Wealth Management and Private Banking Industry in Hong Kong and Singapore
• Family office information

Reasons To Buy
• The Company Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises up to one hundred data-points on over 100,000 HNWI, private banks, wealth managers and family offices around the world. With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Comprehensive forecasts to 2015.

Key Highlights
• The Asia-Pacific wealth management sector (excluding Japan and Australia) grew from assets under management (AuM) of US$650 billion in 2007 to over US$1.3 trillion in 2011. Singapore on its own constitutes 30% of this figure with AuM of over US$550 billion. This is significantly larger than Hong Kong’s wealth management and private banking industry, which has US$250 billion in AuM .
• Singapore is the second-largest offshore private banking center in the world, after Switzerland.
• By 2015, Singapore is expected to gain significant ground on Switzerland. This will be fueled by Asia-Pacific HNWIs and by an increasing number of global clients moving their offshore funds from other jurisdictions to Singapore.
• Singapore has positioned itself as the region’s leading financial center and is the prime candidate to take advantage of the large capital flows that are expected to flow into China, India and Indonesia over the forecast period.
• Hong Kong’s overall prospects remain bright. The PRC’s Twelfth-Five-Year Plan, which intends on internationalizing the Chinese currency for the first time, gives support to the development of Hong Kong as a Chinese offshore and international asset management centre.

1 Introduction
1.1 What is this Report About?
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background of the Wealth Sector in Hong Kong
3.2 Political Background of the Wealth Sector in Singapore
3.3 Economic Background to the Wealth Sector in Hong Kong
3.4 Economic Background to the Wealth Sector in Singapore
4 Competitive Landscape of the Wealth Sector in Hong Kong
4.1 Competitive Structure
4.1.1 Wealth management and private banking industry – competitive structure
4.1.2 Multinational corporations
4.1.3 Chinese banks
4.1.4 Local Hong Kong banks
4.1.5 Wealth managers
4.1.6 Private banks
4.1.7 Joint ventures
4.1.8 Boutique and independent financial advisors
4.1.9 Trusts
4.2 Family offices
4.2.1 Hybrid family offices
4.2.2 Multi-family offices
4.2.3 Single-family offices
4.3 Leading Companies in the Wealth Management and Private Banking Industry
4.4 Offshore Wealth Management and Private Banking Industry
4.5 Challenges and Opportunities for the Wealth Sector in Hong Kong
4.5.1 Regulatory environment
4.5.2 Tax structure
4.5.3 Human resource availability for the wealth management and private banking industry
4.5.4 Philanthropy
4.5.5 Intergenerational wealth transfer and younger clientele
5 Competitive Landscape of the Wealth Sector in Singapore
5.1 Competitive Structure
5.1.1 Wealth management and private banking industry – competitive structure
5.1.2 Multinational banks
5.1.3 Local banks
5.1.4 Wealth managers
5.1.5 Private banks
5.1.6 Mergers and joint ventures
5.1.7 Boutique and independent financial advisors
5.1.8 Private trusts
5.2 Family offices
5.2.1 Multi-family offices
5.2.2 Single-family offices
5.3 Leading Companies in the Wealth Management and Private Banking Industry
5.4 Singapore: An International Offshore Hub
5.5 Islamic banking: A Topic of Discussion
5.6 Challenges and Opportunities for the Wealth Sector in Singapore
5.6.1 Regulatory environment
5.6.2 Tax structure
5.6.3 Human resource availability for the wealth management industry
5.6.4 Philanthropy
5.6.5 Demand for intergenerational wealth transfer and younger clientele
6 About Company


List of Tables
Table 1: HNWI Wealth Group Definitions
Table 2: Main Companies in the Hong Kong Wealth Management Industry
Table 3: Main Companies in the Hong Kong Wealth Management Industry (Continued)
Table 4: Main Companies in the Wealth Management Industry in Singapore

List of Figures
Figure 1: HNWI Wealth Band Definitions

Companies Mentioned

ABN Amro
ABSA Asia Ltd
ANZ Private Bank
Bank of America (Asia) Ltd
Bank of Taiwan
Banque Pictet
Banque Privée Edmond de Rothschild
Barclays Wealth
BNP Paribas
Citi Private Bank
Credit Suisse
DBS Bank
Deutsche Bank
EFG Bank
Fubon Bank
Goldman Sachs
J.P. Morgan Private Clients
Julius Baer
Morgan Stanley Asia Limited
RBS Coutts
Rothschild
Standard Chartered Private Bank
The Iyo Bank, Ltd
UBS AG
Wayfoong Finance Ltd
Local Banks
Bank of East Asia
Chi Yu Bank
Chong Hing Bank Limited
Dah Sing Bank Limited
Hang Seng Bank Ltd
MEVAS Bank Limited
Tai Sang Bank Ltd.
Tai Yau Bank Ltd.
Wing Hang Bank Ltd.
Wing Lung Bank
Chinese Banks
Agricultural Bank of China
Bank of China
Bank of Communications
China CITIC Bank
China Construction Bank
China Everbright Bank
China Merchants Bank
China Trust Commercial Bank Limited
Industrial and Commercial Bank of China
Nanyang Commercial Bank
Hong Kong Life Insurance
ICICI Venture Funds and Va Tech Wabag
JPMorgan Chase and First Capital Securities Co
Morgan Stanley and Huaxin Securities Co Ltd
Ajia Partners (Hong Kong) Ltd.
AMC Group – Asset Management China
HSBC Family Office Services Ltd.
Lombard Odier Darier Hentsch Ltd.
KCS Services Limited
The Pacific Bridge Companies
RMA Partners
VP Wealth Management Ltd.
Wealth Management Group
Financial Advisors
Brogan & Scaltrito
CIT Commercial Services (Asia) Ltd
Xinhua Finance Ltd
Uni-Asia Finance Corporation
American Express Bank
ANZ Bank
Bangkok Bank
Bank of America
Bank of China
Bank of East Asia
Bank of India
Bank of Tokyo-Mitsubishi
BNP Paribas Singapore
Calyon
Citibank Singapore
Hong Leong Bank Berhad
HSBC Singapore
ICICI Bank
Indian Overseas Bank
MayBank
PT Bank Negara Indonesia
RHB Bank Berhad
JPMorgan Chase
Goldman Sachs
Standard Chartered
State Bank of India
Bank of Singapore
DBS Bank
Far Eastern Bank
Oversea-Chinese Banking Corp
Singapore Island Bank
The Islamic Bank of Asia
United Overseas Bank
Asiaciti Trust Singapore
ATC Trustees (Singapore)
Citco Singapore
Credence Trust (Singapore)
DBS Trustee
EFG Trust Company (Singapore)
Galaxias Fiduciary Services
Scotia capital
Tricor Singapore
Trust Co (Asia)
Asia Fund Services
ANZ-OCBC Bank
Islamic Bank of Asia
Financial Alliance
Henley Group
Meyado
Pacific Asset Management
Prime Partners
Theoria Capital Management
Tradition Singapore
Vickers Ballas
Alta Advisers
Finova
GS Wealth
Hans Rausing
IIFL Asia
Jordans
Makara Capital
Tano Capital
Swiss-Asia
NQ International
OAKS Family Office
Tano Capital
Tao Trust Group
Trident Trust Company
Unigestion
VP Bank-Singapore
Wynnes Family Office
Nean Wealth Advisors Ltd