Wealth Management in the Middle East 2009

리서치사	Datamonitor
발행일	2009년 04월	상품코드	85251
페이지 정보	64 pages
가격	US $ 4,495 ￦ 5,355,700 PDF by E-mail (Global Site License) US $ 11,238 ￦ 13,390,000 PDF by E-mail (Global Site License)

한글목차
영문목차
관련자료

영문목차

Abstract

Introduction

With the Western economies in a tailspin there is increasing focus from wealth managers on the potential in the Middle East. This report provides a clear picture of the scale and composition of the onshore wealth management landscape from 2004-13 across the GCC region. It also assesses key competitive developments in the three most attractive countries.

Scope of this research

Market data: Number of affluent individuals and aggregate onshore liquid assets for 2004-13.
Market data covers Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE.
5-10 Competitor profiles for each of the 3 most attractive markets for foreign wealth managers.
Datamonitor' s Wealth Market Opportunity Index.

Research and analysis highlights

Datamonitor has developed a Wealth Management Opportunity Index to aid those working in the wealth management industry to gauge the relative attractiveness of markets as wealth management centers.

This report highlights Datamonitor' s conclusion that the UAE, Qatar and Bahrain are the most attractive wealth markets in the Middle East. Kuwait, Saudi Arabia and Oman offer fewer opportunities for different reasons.

Wealth Management in the Middle East sizes the wealth markets in six Middle Eastern countries, as measured by the number of wealthy individuals (defined as those with aggregate onshore liquid assets of more than $50,000) and the total level of holdings of onshore liquid assets.

Key reasons to purchase this research

See how the affluent populations grow or decline in the next five years.
Understand the competitive landscape in the most attractive markets.
Identify the products and services that wealth managers are using to attract the GCC' s affluent customers.

OVERVIEW

Catalyst
Summary
Methodology

EXECUTIVE SUMMARY

Datamonitor' s Wealth Management Opportunity Index gauges the relative attractiveness of wealth markets
The UAE represents the greatest opportunity of any Middle Eastern wealth management market
Qatar has experienced phenomenal growth and has positioned itself well as an international business center
Bahrain has experienced steady economic growth and is set to strengthen its position as a wealth management center in the Middle East

DATAMONITOR' S WEALTH MANAGEMENT OPPORTUNITY INDEX

Datamonitor' s Wealth Management Opportunity Index is a valuable tool for assessing the relative attractiveness of wealth markets
Institutional and economic variables, along with market size and features are key measures of wealth management market attractiveness
There are five key parameters when assessing a market for its wealth management potential
There are 18 components to the five key parameters of the wealth management opportunity index
- Institutional factors
- Economic variables
- Wealth management market size
- Wealth management market features
- Wealth management client characteristics

Datamonitor ranks the UAE, Qatar and Bahrain as the top three Middle Eastern wealth markets

MARKET OVERVIEW

UAE

UAE represents the greatest opportunity of any Middle Eastern wealth management market
- The doors are wide open to new entrants and the market is increasingly demanding high quality service

A number of leading international private banks are active in the UAE
- Julius Baer was the first international private bank licensed to operate in the DIFC
- Standard Chartered opened its first branch in the UAE in 1958
- Credit Suisse has had a dedicated wealth management office in Dubai since 2005
- UBS offers a range of Islamic finance products and services alongside its more traditional wealth offerings
- SG Private Banking has its Middle East regional office based in the DIFC
- HSBC is the largest and most widely represented bank in the Middle East
- There were 360,000 affluent individuals, with onshore liquid wealth of $76,764 million in the UAE in 2008

QATAR

Qatar is the world' s wealthiest country per capita and offers great potential to international wealth management firms
Qatar has experienced phenomenal growth and has positioned itself well as an international business center
- NYSE Euronext has bought a stake in Qatar' s stock exchange, increasing Doha' s chances of being a viable alternative to Dubai as the region' s securities hub
- Qatar welcomes new business and its residents increasingly desire a sophisticated service, both of which are encouraging to international wealth managers

The QNB continues to be the largest wealth manager in Qatar with international players more limited in the private banking services that they provide
- QNB was established in 1964 as the country' s first Qatari-owned commercial bank
- HSBC Wealth Management offers a significant Sharia product range in Qatar
- Standard Chartered has had a presence in Qatar for over five decades
- Coutts is an international player new to Qatar
- UBS has only just launched a wealth management operation in Qatar, although has been present in the Middle East since 1964
- There were 97,000 affluent individuals, with onshore liquid wealth of $19,801 million in Qatar in 2008

BAHRAIN

Bahrain is eager to recapture a more dominant position as a Middle East wealth management center
Bahrain has experienced steady economic growth and is set to strengthen its position as a wealth management center in the Middle East
- Bahrain is eager to recapture a more dominant position as a wealth management center in the Middle East

Bahrain' s regulatory environment makes it an attractive destination for international private banks
- Standard Chartered opened its first office in Bahrain in 1920
- Deutsche Bank has had a presence in Bahrain for over 30 years
- There were 57,000 affluent individuals, with onshore liquid wealth of $11,479 million in Bahrain in 2008

OVERVIEW: KUWAIT, SAUDI ARABIA AND OMAN

APPENDIX

The drivers of growth in the wealthy population
- Income growth (combined with inflation, changes in GDP by sector, household savings rates and debt levels)
- Investment returns (market capitalization, interest rates and bond yields)

The following measures are not, in themselves, drivers of wealthy population growth
- Market capitalization
- GDP

The following measures are not drivers of wealthy population growth except under very restricted circumstances
- Primary residence value growth
- Inheritance

Methodology
- Global Wealth Model

Bibliography
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer

TABLES

Table: Wealth management opportunities rankings of Middle East countries
Table: Datamonitor' s Wealth Management Opportunity Index - Middle East and Switzerland
Table: Datamonitor' s Wealth Management Opportunity Index with values - Middle East and Switzerland
Table: Total number of affluent individuals (000) in the Middle East, by country, 2004 - 2013
Table: Total number of affluent individuals as a % of adult population, by country, 2004 - 2013
Table: Total number of affluent individuals as a % of total population, by country, 2004 - 2013
Table: Total aggregate liquid assets of affluent individuals, $bn, 2004 - 2013
Table: Total aggregate liquid assets of affluent individuals as a % of total savings and investments, 2004 - 2013
Table: Wealth management opportunity index: UAE
Table: List of foreign banks and their number of branches
Table: Commercial banking leads the way in terms of segment profitability for HSBC ME, 2007
Table: Number of affluent individuals in the UAE, 000, 2004 - 2013
Table: Aggregate onshore liquid wealth in the UAE, $m, 2004 - 2013
Table: Wealth management opportunity index: Qatar
Table: HSBC' s wealth management offering is built around a portfolio planner
Table: Number of affluent individuals in Qatar, 000, 2004 - 2013
Table: Aggregate onshore liquid wealth in Qatar, $m, 2004 - 2013
Table: Wealth management opportunity index: Bahrain
Table: Improved oil prices both hinder and benefit the Bahraini economy
Table: Number of affluent individuals in Bahrain, 000, 2004 - 2013
Table: Aggregate onshore liquid wealth in Bahrain, $m, 2004 - 2013
Table: Number of affluent individuals in Kuwait, 000, 2004 - 2013
Table: Aggregate onshore liquid wealth in Kuwait, $m, 2004 - 2008
Table: Wealth management opportunity index: Kuwait
Table: Number of affluent individuals in Saudi Arabia, 000, 2004 - 2008
Table: Aggregate onshore liquid wealth in Saudi Arabia, $m, 2004 - 2008
Table: Wealth management opportunity index: Saudi Arabia
Table: Number of affluent individuals in Oman, 000, 2004 - 2008
Table: Aggregate onshore liquid wealth in Oman, $m, 2004 - 2013
Table: Wealth management opportunity index: Oman

FIGURES

Figure: Datamonitor' s Wealth Management Opportunity Index
Figure: There may be some missed opportunities on the part of HSBC' s wealth management business in the Middle East
Figure: HSBC Qatar has established its own Sharia-compliant division, HSBC Amanah