Offshore Wealth Management - Market Trends and Competitive Dynamics 2021

1.1 Market overview
1.2 Key findings
1.3 Critical success factors

2.1 Non-resident investment assets continue to grow in a challenging environment

3.1 Regulation is a major cloud on the horizon
3.2 Geopolitical risk in the form of war is a major concern

4.1 Offshore wealth management is well developed in most regions
4.2 Digitization has become central to the offshore investment market, expanding the client base down market
4.3 Traditional full-service offshore wealth managers

5.1 Supplemental data
5.2 Abbreviations and acronyms
5.3 Definitions
5.4 Methodology
5.5 Secondary sources
5.6 Further reading

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Table 1: Non-resident assets growth rates, 2020-21
Table 2: Selected markets rates of offshore investment in the general population, 2020-21

Figure 1: Offshore assets surged early in the pandemic as investors sought safe havens early on and then sought out investment opportunities
Figure 2: The tidal wave of non-resident wealth into Europe is receding
Figure 3: The central roles of New York and London remain even after wealth drains from elsewhere in the regions
Figure 4: Asia-Pacific is once again back to driving growth in the offshore market
Figure 5: Negative macroeconomic ‘push’ factors are driving the increase in HNW offshore investment
Figure 6: Australian investors who are keen to directly own a trendy tech stock are being targeting by moomoo
Figure 7: Anonymity and tax were largely absent as drivers for offshoring during the pandemic
Figure 8: Banks significantly increased their hiring for regulation and compliance in the early months of 2022
Figure 9: Regulation-related job hiring from Dec 14, 2021 to March 14, 2022 compared to previous quarter
Figure 10: The North American market is well provisioned with offshore services
Figure 11: Currency risk has grown over the last 10 years and is heightened in times of crisis
Figure 12: Most private wealth firms in the US and Canada can connect clients to offshore partners
Figure 13: Citibank’s offshore investment options cover multiple asset classes
Figure 14: ESG is just as important as high returns in markets that Standard Chartered has presence in
Figure 15: Standard Chartered’s international service caters to both liquid and illiquid offshore investments
Figure 16: HSBC Premier India services focus on international privileges and NRIs