|
|
 |
|
Viewing report
|
|
|
|
Indian Wealth Management: Strategies, Products and Players
VRL Financial News Publishing, Jan 2009
The potential of India as a wealth management market is difficult to over-emphasise. The fundamentals are strong by any metric.
This potential exists not only in the untapped nature of the market, but also in terms of a relaxing of financial regulation and a quickly growing mass affluent and HNW population, in addition to the already established ultra high net worth segment. Opportunity also lies in providing services to the non-resident Indians who have achieved success and generated wealth across the globe.
Featuring exclusive proprietary data, including interviews with senior industry players taken from Private Banker International’s ‘Indian Wealth Management' Roundtable, this report provides the most incisive view of one of the most lucrative wealth markets in the world.
While the Indian growth story has been an integral part of any assessment of global wealth for sometime, the sense is that 2009-10 could offer a real tipping point in terms of onshore wealth management services. The list of recent entrants takes in all types of wealth manager, from long-established players like Goldman Sachs to burgeoning brands such as Barclays Wealth and domestic brokerages such as Motila Oswal.
From a high-end perspective, it is important to note that India has the second highest number of UHNWIs in Asia after Singapore - over half the billionaires in Asia now come from India. Conversely just 38 percent of the wealth market is owned by those considered to be 'high net worth' in the traditional sense. This makes the targeting of differing wealth segments both desirable and practical.
The Indian wealth market is delicately poised, and nowhere is that more apparent than in the competition between domestic and foreign players. The influx of foreign competitors has led to a domestic fightback, as banks, brokerage houses and new entrants develop their offerings.
This report looks at the huge potential for wealth management in India as well as the issues, competition and regulations involved in entering this market.
|
|
|
|
