Singapore HNWI Wealth to Reach US$1.1 Trillion by 2019 Says 2015 Wealth Management Market Report

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20 Oct, 2015, 03:30 ET

PUNE, India, October 20, 2015 /PRNewswire/ --

Singapore Wealth Report 2015 market research says number of Singaporean HNWIs is forecast to grow by over 18%, to reach under 188,000 in 2019, while HNWI wealth is projected to grow by less than 28%, to reach over US$1 trillion by the same year.

Complete report on Singapore wealth management market spread across 83 pages, featuring 8 major companies and supported with 37 tables and 43 figures is now available at http://marketreportsstore.com/singapore-wealth-report-2015/ .

This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in Singapore. It also includes an evaluation of the local wealth management market. Scope and coverage of this Singapore wealth management market research includes independent market sizing of Singaporean HNWIs in five wealth bands, HNWI volume, wealth and allocation trends from 2010 to 2014, HNWI volume, wealth and allocation forecasts to 2019, HNWI and UHNWI asset allocations in 13 asset classes, Geographical breakdown of all foreign assets, Alternative breakdown of liquid vs investable assets, Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Singapore, size of the Singaporean wealth management industry, Private banks, Detailed wealth management and family office information as well as iInsights into the drivers of HNWI wealth of Singapore.

There were 154,189 HNWIs in Singapore in 2014. These HNWIs held US$806.3 billion in wealth. The volume of Singaporean HNWIs rose by 2.1% in 2014, following an increase of 2.3% in 2013. Growth in HNWI wealth and numbers is expected to improve over the forecast period. The number of Singaporean HNWIs is forecast to grow by 18.3%, to reach 187,975 in 2019, while HNWI wealth is projected to grow by 27.6%, to reach US$1.1 trillion by the same year. Singapore Wealth Report 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 154,189 HNWIs from around the world in our database. With the wealth reports as the foundation for its research and analysis, this research is able to obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers.The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of HNWIs to 2019, and a comprehensive background of the local economy. The report provides a thorough analysis of the private banking and wealth management sector, the latest merger and acquisition activity, and the opportunities and challenges that it faces.

Companies featured in the Singapore wealth report 2015 include UBS Wealth Management, Citi, Credit Suisse, HSBC Private Bank, Deutsche Asset and Wealth Management, Julius Baer, JP Morgan Wealth Management and Morgan Stanley Wealth Management. Order a copy of this research at http://marketreportsstore.com/purchase?rname=37929 .

For the banking and financial sector decision makers within Singapore and stakeholders targeting Singapore for business, MarketReportsStore.com has multiple research reports available that might be of interest:

Governance, Risk and Compliance - The Singaporean Insurance Industry: This research provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The favorable foreign direct investment (FDI) regime, which allows up to 100% foreign participation, will encourage international insurance companies to enter the Singaporean insurance industry. The direct placement of non-admitted insurance and reinsurance is prohibited in Singapore. Composite insurance licenses to carry on both life and general insurance business in Singapore are granted by the MAS. Motor vehicle third-party liability insurance, workmen's compensation insurance and government health insurance are compulsory in Singapore. Read more at http://marketreportsstore.com/governance-risk-and-compliance-the-singaporean-insurance-industry/ .

Explore more reports on banking and financial services market at http://marketreportsstore.com/category/banking-finance/ .

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