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Follow on Google News |  New Market Study Published: 2012: Trends to Watch in Global Wealth ManagementNew Financial Services market report from Datamonitor: "2012: Trends to Watch in Global Wealth Management"
By: Fast Market Research, Inc. Scope * Understand six of the biggest trends in global wealth management through in-depth forward-looking analysis. * Assess the global wealth management industry with support from a range of Datamonitor's proprietary databases, reports, and surveys. * Identify strategies to remain competitive in the global wealth management industry by comparing best-practice industry examples. Highlights The eurozone sovereign debt crisis, natural calamities, and declines in global markets had a heavy impact on the global wealth market in 2011. It was also an active year for regulation and tax developments. Banks continued their efforts to meet Basel III capital requirements, and the US and UK increased efforts to collect tax on undeclared assets. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Across the globe indebted governments will continue to focus on the offshore wealth and uncollected tax revenue of their most affluent citizens. However, the political instability that continues to gain momentum in the Arab world - and is threatening to take hold in other countries - will provide a welcome stimulus for offshore banking business. Prevailing economic instability in developed and emerging markets will encourage clients to modify their risk exposure by changing the product mix. Liquidity and capital protection will remain high on the agenda. Capital requirements will continue to encourage larger banking groups to divest capital-intensive product lines such as private equity. Reasons to Get this Report * What will be the major trends affecting global wealth management in 2012? * How will the seven regional wealth markets perform compared to each other? * How are wealth managers adapting to an increasingly regulated industry? * What is the future for offshore banking? * What geographies experienced the most M&A activity, product innovation, and staffing changes in 2011? Partial Table of Contents: OVERVIEW * Catalyst * Summary * Methodology EXECUTIVE SUMMARY * 2011 was characterized by macroeconomic instability, leading to declines in global wealth * Regulation and tax posed challenges to the wealth management industry * Competitive trends were dominated by product innovation and customer targeting in 2011 * Trends to watch in 2012 * Trend one: continuing economic instability will result in a volatile outlook for global wealth management * Trend two: the global wealth market will still be dominated in broad terms by mature markets, but emerging markets will continue to erode their dominance * Trend three: offshore banking will continue to falter under regulatory pressure, but will also benefit from political instability * Trend four: the approach to and the composition of the wealth management product mix will change * Trend five: the quest for transparency and compliance will continue to encourage pricing and fee management innovation * Trend six: new channels will transform how wealth managers communicate and conduct business with their clients INTRODUCTION * Methodology 2011 IN REVIEW * 2011 was characterized by macroeconomic instability, leading to declines in global wealth * The eurozone sovereign debt crisis impacted on the global wealth market * The Australian economy rebounded strongly from floods and cyclones in early 2011 * The Brazilian economy grew less than expected in 2011 * The Chinese economy continued to grow at a high rate, but internal fiscal weaknesses began to appear * The German economy survived on strong fundamentals in 2011 * The Indian economy was the largest recipient of remittances in the world in 2011 * The UK economy was dragged down by low consumer demand and high unemployment * The US economy was marred by prevailing volatility but made a slight recovery in Q4 2011 * Regulation and tax * Tax developments targeted undeclared offshore assets * Regulation affected the wealth management product mix * Consumer protection and transparency remained high on the regulatory agenda * Competitive trends were dominated by product innovation and customer targeting in 2011 * Product innovation and customer targeting played a far bigger role than in previous years * Market consolidation in developed markets kept acquisition activity alive but muted * Staffing activity remained high as wealth managers expanded into new markets and competed for the best talent * Global M&A activity has been restricted by increased due diligence * September and November were the peak months for M&A activity in 2011 * In 2011 the strongest organic growth was seen in Asia Pacific, while M&A activity was focused on Western Europe * Product innovation in developed markets was led by regulatory requirements, while innovation in emerging wealth markets highlighted their infancy * Product innovation was most active in North America and Asia Pacific while customer targeting was most active in Western Europe in 2011 * Customer targeting was most prominent in Western Europe, where sponsorship was used to increase public presence and the focus on key customer segments was expanded * Staffing developments were plentiful throughout 2011 Full Table of Contents is available at: -- http://www.fastmr.com/ About Datamonitor The Datamonitor Group is a world-leading provider of premium global business information, delivering independent data, analysis and opinion across the Automotive, Consumer Markets, Energy & Utilities, Financial Services, Logistics & Express, Pharmaceutical & Healthcare, Retail, Technology and Telecoms industries. Datamonitor's market intelligence products and services ensure that you will achieve your desired commercial goals by giving you the insight you need to best respond to your competitive environment. End
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