Upload
others
View
7
Download
0
Embed Size (px)
Citation preview
Asia Wealth 2020 David P. Wilson Asia Wealth Management Lead
May 16, 2017
2 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Messages We Will Cover Today
Asia is an exceptionally exciting wealth management market
Firms face significant challenges to tap into growth and succeed in Asia
There is a significant opportunity for leaders to invest and differentiate
3 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Asia-Pacific is now #1 for HNWI population and wealth
Source: Capgemini Financial Services Analysis, 2016
HNWI Wealth Evolution, 1996–2015 (by Region)
3.5 8.4 9.5 7.4 9.7 10.8 10.7 12.0 14.2 15.8 17.4
4.4
11.3 11.7 9.1
10.7 11.6 11.4
12.7 14.9
16.2 16.6
5.0
10.1 10.7
8.3
9.5 10.2 10.1
10.9
12.4 13.0
13.6
2.2
5.1 6.2
5.8
6.7 7.3 7.1
7.5
7.7 7.7
7.4
1.1
1.4 1.7
1.4
1.5 1.7 1.7
1.8
2.1
2.3 2.3
0.4
0.9 1.0
0.8
1.0 1.1 1.1
1.3
1.3
1.4 1.4
0
10
20
30
40
50
60
1996 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
HN
WI F
ina
ncia
l W
ealth
($ U
S T
n)
North America
Europe
Asia-Pacific
Latin America
Middle East
Africa
Global
16.6
37.2 40.8
32.8
39.1 42.7 42.0 46.2
52.6
56.4 58.7
4 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Taiwan
Japan
Wealth growth has been strongest in Emerging Markets
Annual HNWI Population vs. HNWI Wealth Growth Across Key Asia-Pacific Markets, 2008–2015
Source: Capgemini Financial Services Analysis, 2016
= US$1Trillion
Sample bubble
RoW
Avera
ge
(7.4
%)
RoW Average (7.2%)
Emerging Asia
Mature Asia
Rest of Asia
Singapore
India
Indonesia
China
Hong Kong
Philippines
S Korea
Vietnam
Malaysia
Pakistan
Thailand
Australia
0%
5%
10%
15%
20%
25%
0% 5% 10% 15% 20% 25%
HNWI Population 2008 - 2015 CAGR
HN
WI W
ealth 2
008
–2015 C
AG
R
Sri Lanka
New Zealand
5 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Asian HNWI wealth projected to be 5x 2006 levels by 2025
Source: Capgemini Financial Services Analysis, 2016
Asia-Pacific HNWI Wealth Projection (US$ Trillion), 2006–2025P
Mature Asia (Industrialized + Newly Industrialized
Asia)
2,330 6,704
21,974
5,773
10,052
18,724
325
638
1,396
0
10,000
20,000
30,000
40,000
50,000
2006 2015 2025P
HN
WI In
ve
sta
ble
Wea
lth
Asia-Pacific
Emerging Asia
Rest of Asia
Total
US$42.1T
Total
US$8.4T
Total
US$17.4T
5.0X
6 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
The region’s HNWIs allocate less than one-third of their
wealth to wealth mangers…
HNWI Wealth with Wealth Managers and Other Entities, Q1 2016
34.5% 30.6%
65.6% 69.3%
0%
25%
50%
75%
100%
RoW Asia-Pacific (excl. Japan)
Perc
enta
ge o
f A
ssets
Wealth Managers
Other Entities
Source: Capgemini Financial Services Analysis, 2016; Global HNW Insights Survey 2016, Capgemini
7 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
HNWI Wealth with Wealth Managers & Willingness to Consolidate Wealth, Q1 2016
… but are open to consolidating
Source: Capgemini Financial Services Analysis, 2016; Global HNW Insights Survey 2016, Capgemini
Wealth with Wealth Managers HNWI Willingness to Consolidate Wealth with Wealth Managers
33.7%
69.3%
69.3%
33.1%
33.3% 48.4%
53.2% 67.2%
Australia
34.1%
Malaysia
28.1%
Japan
23.6%
India
27.9%
China
30.9%
Indonesia
26.8%
Hong Kong
28.4%
Singapore
32.6%
8 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Success is not a given, as firms face significant disruption
over the next decade
Future Asia Wealth Management Trends on Client, Operations, Regulatory, and Digital Areas
Source: Capgemini Financial Services Analysis, 2016; WWR Executive Interviews, 2016
CLIENT
OPERATIONS
REGULATORY
DIGITAL
9 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Asia-Pacific wealth firms are struggling to invest
sufficiently in order to build differentiating capability
Asian Wealth Management Firms’ Future Investment Allocation (20 Units), H1 2016
Source: Capgemini Financial Services Analysis, 2016; WWR Executive Interviews, 2016
0
1
2
3
4
5
People and Culture
External Modernization
Keeping Up
Business Model
Proposition Development
Internal Modernization
Asian Wealth Firm – Target Allocation
Asian Wealth Firms – Current Allocation
10 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
There are three primary levers to drive more wealth
business from HNW clients
1 Investment Management Capability
Most important wealth management capability for Asia-Pacific (ex. Japan) HNWIs
91% state important (34% state most important)
2 Financial Planning Capability
Second-most important wealth management capability for Asia-Pacific (ex. Japan) HNWIs
91% state important (21% state most important)
3 Digital Maturity
Highly important wealth management capability for Asia-Pacific (ex. Japan) HNWIs
86% state firm digital maturity is key in decision whether to increase/decrease assets held
with wealth management firm over next two years
11 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
WATCH THIS SPACE: The Asia-Pacific Wealth
Report 2017 launches in Q4
https://www.worldwealthreport.com/apwr
Market sizing (HNWI population and wealth growth
trends)
Investment focus (asset allocation, offshore holdings,
performance, fees)
Digital focus (Hybrid Advice)
Contact [email protected] for further information.
Thank You! Questions?
www.asiapacificwealthreport.com
13 Copyright © Capgemini 2016. All Rights Reserved
20170515_Asia Wealth 2020_vFINAL for Distribution NEW Asia-Pacific Wealth Report Launches Q4 2017!
Download Full Report at www.WorldWealthReport.com/APWR
Appendix: Notes to Slides
Slide # Notes
4 Size of the bubble represents HNWI wealth in 2015
5 The total for all years are expressed in US$ trillion except for the 2006 and 2015 “Rest of Asia” data, which is in
US$ billions; Chart numbers may not add up due to rounding; Mature Asia includes Japan, Australia, New
Zealand, Singapore, Hong Kong, Taiwan, Malaysia, and South Korea; Emerging Asia Includes China, India,
Indonesia, and Thailand; Rest of Asia includes Kazakhstan, Myanmar, Pakistan, Philippines, Sri Lanka, and
Vietnam