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Description of Private Banking in Asia

A discussion on the different approaches adopted by private banks to deal with a wide range of clients, and prepare themselves for expected upturn in market size and business volumes.

Title Information

ISBN:

9780470824740

Pages:

300 pages

Format:

Hardback

Product Code:

421789

Publisher:

John Wiley & Sons Ltd

Published:

26/04/2013

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Contents of Private Banking in Asia

1. Introduction - Recovering from the Asian crisis - Changing political and business scenarios: brief profiles of the countries covered in this report 2. Country profiles: Market profile by countries. Important yardsticks: currency exchange rates, interest rates, foreign investments and GDP in different countries of the region. Singapore: holding the South Asian fort Hong Kong: repositioning itself China: awakening of a giant South Korea: untapped bounty India: land of promise Malaysia: centre of Islamic finance Thailand: harvesting nouveau-riche Indonesia: exporting wealth 3. The financial markets: - Patterns of savings and investment - Maturing of financial markets and regulatory changes - Linkages among markets within Asia and the outside world - Securities market: size, trends and the huge variations among different markets within the region - The banking industry: how the laggards are catching up with the best in Hong Kong and Singapore how retail banks are posing as wealth managers 4. The market: - Wealth creation in Asia: a historical prospective - Estimates of size and potential; the level of penetration by private bankers - Broad HNWI categories and their characteristics Traditional wealthy families: overseas Chinese traders, old business families, royal families, politicians and their scions The new entrepreneurial class The professionals and westerners settled in Asia The would-be HNWI among the mass affluent - The role of property and stock markets in wealth creation - The offshore, onshore divide 5. Portfolio management: - Different styles and flavours - Stocks dominate Asian portfolios - Hedge funds causing ripples - Bonds-dull but necessary 6. Money Laundering and Private Banking: - The hardening challenge: the increased pressure on due diligence and know-your-customer - The regulator's viewpoint. A discussion on different regulators look at the business - Views of private bankers - Does this mean a serious loss of business? 7. Private banking strategy - Strategies adopted by important players: Credit Suisse UBS Citibank HSBC SG Private Banking BNP Paribas EFG Bank - Strategies of Asians banks that are just entering the business DBS UOB - Client servicing strategies: a discussion covering issues like - Understanding the unique requirements of diverse clients; is it possible to categorise them? - Similarities and dissimilarities between European and Asian clients in terms of their needs - Are European and US banks offering something special and different in Asia from what they do in their home markets? - Meeting the non-financial needs of Asian clients. 8. Conclusion