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APAC Wealth Management - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

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  • 150 Pages
  • February 2024
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5741739
The APAC Wealth Management Market size in terms of assets under management value is expected to grow from USD 20.77 trillion in 2024 to USD 37.05 trillion by 2029, at a CAGR of 12.27% during the forecast period (2024-2029).

Asia-Pacific's wealth management market is growing, and it is becoming more mature in many ways, such as through the use of best practices, automation, streamlining of operational processes, and a more diverse distribution of assets. Asia is still a long way behind the rest of the world when it comes to using sustainable investment strategies, but it is moving quickly to meet client demand. COVID-19 affected the wealth management market in the Asia-Pacific region. One effect of the pandemic on the finance market was remote working. Thus, wealth management saw growth in the adoption of digital initiatives.

For asset management companies, reducing risk through efficient post-trade processing has a direct effect on the performance of their investment portfolios, since every small chance to save money goes straight to the bottom line. Asset owners, especially pension funds, are focused on returns. In the current environment, where it is not easy to differentiate between performance and returns, asset managers are even more fixated on operational efficiency and cost savings. Across India, China, Japan, Singapore, Vietnam, Indonesia, Malaysia, and the rest of the Asia-Pacific region, there are huge variations in the fund types and investment behaviors of the country's population. This geographical diversification of investments has resulted in funds with a larger exposure to currency settlement risk, while the allocation to offshore assets is increasing across pension funds and among insurers in the region. Wealth-management firms were severely impacted by slowing economic growth, increased volatility, and large losses in capital markets around the world and in Asia. The adoption of best practices in operations and risk management would, in turn, attract greater investment in the asset management industry in Asia, thereby further fueling the region's overall growth.

Key Market Trends

Highly Liquid Private Equity Market in APAC Signifying Growth in Market

Considering the global scenario, Asia remains a relative bright spot in an increasingly lethargic economy, For venture capital and private equity firms, dry powder refers to the amount of committed but unallocated capital a firm has. Dry powder is a highly liquid asset. This steady increase in the private equity and venture capital markets has shown growth in the Asia-Pacific wealth management market. It is further expected to grow at a rising pace throughout the forecast period.

Growing Market Capitalization of China's Stock Market Shows Strengthening the Market

As per National Equities Exchange and Quotations, in 2021, China's national equity exchange and quotations had a market capitalization of 2.28 trillion yuan (USD 353.4 billion). The market capitalization increased rapidly after 2014 and reached its peak in 2017 at almost 5 trillion yuan (USD 740 billion). A year later, the equity market had lost almost 1.5 trillion yuan (USD 222 billion) in value. This was due to the bad investment climate in 2018 when stocks at the two big stock exchanges in Shanghai and Shenzhen lost around 24 percent of their value. However, since then, the NEEQ has not been able to recover. This was because the large exchanges attempted to increase their appeal to young companies. Therefore, boards like the ChiNext in Shenzhen and the StarA board in Shanghai posed serious competition to the equity exchange.

Competitive Landscape

The Asia-Pacific wealth management market is growing and highly competitive across different countries like India, China, and Japan, offering a huge number of competitive players dominating the market. Nowadays, grabbing the market more powerfully through mergers and acquisitions and traditional investment opportunities, led by China, has made the Asia-Pacific wealth management market very competitive and strong. Some of the key players in the market are Aberdeen Standard Investments, China Life Private Equity, UBS, BlackRock, and ICICI Prudential Asset Management.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights into Technology Innovations in the Market
4.6 Insights into Regulatory Landscape Governing the Market
4.7 Insights into Consumer Behavior and Recent Trends in the Market
4.8 Impacts of COVID-19 on the Market
5.1 By Client Type
5.1.1 HNWI
5.1.2 Retail/ Individuals
5.1.3 Other Client Types (Financial Institutions Like Pension Funds, Insurance Companies, etc)
5.2 By Provider
5.2.1 Private Banks
5.2.2 Independent/External Asset Managers
5.2.3 Family Offices
5.2.4 Other Providers (Fintech Advisors, etc)
5.3 By Geography
5.3.1 India
5.3.2 Japan
5.3.3 China
5.3.4 Singapore
5.3.5 Indonesia
5.3.6 Malaysia
5.3.7 Vietnam
5.3.8 Hong Kong
5.3.9 Rest of Asia-Pacific
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 UBS
6.2.2 Citi Private Bank
6.2.3 HSBC Private Bank
6.2.4 Aberdeen Standard Investments
6.2.5 Credit Suisse
6.2.6 BlackRock
6.2.7 Franklin Templeton
6.2.8 ICICI Prudential Asset Management
6.2.9 BNP Paribas Wealth Management
6.2.10 China Life Private Equity
6.2.11 Other Key Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • UBS
  • Citi Private Bank
  • HSBC Private Bank
  • Aberdeen Standard Investments
  • Credit Suisse
  • BlackRock
  • Franklin Templeton
  • ICICI Prudential Asset Management
  • BNP Paribas Wealth Management
  • China Life Private Equity
  • Other Key Players