Indonesia Wealth Management Market: 2012 HNWIs & Ultra HNWIs Market Trends Analysis and Asset Allocation Analyzed in New Research Reports

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ReportsnReports.com adds new market research reports on Indonesian Wealth Management Market and Private Banking sector to its store. These reports review the performance and asset allocations of HNWIs and Ultra HNWIs in Indonesia and highlights top performing cities. It also includes an evaluation of the local wealth management industry.

Indonesia has the fastest growing wealth market in the world. These new reports available with ReportsnReports.com feature:

  • Independent market sizing of Indonesian HNWIs across five wealth bands
  • HNWI volume, wealth and allocation trends from 2007 to 2011
  • HNWI volume, wealth and allocation forecasts to 2016
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Number of UHNWIs in each city
  • Fastest growing cities for UHNWIs
  • Number of wealth managers in each city
  • City wise ratings of wealth management saturation and potential
  • Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Indonesia
  • Size of local wealth management industry
  • Detailed wealth management and family office information
  • Insights into the drivers of HNWI wealth

Challenges and Opportunities for the Wealth Sector in Indonesia 2012:

  • As of 2011, there were just over 37,400 HNWIs in Indonesia, with a combined wealth of US$241 billion.
  • The global private banking industry was estimated to have AuM of just over US$16.5 trillion in 2011. The Indonesian wealth management sector accounts for approximately US$16.6 billion of this, which equates to 0.1% of the global total.
  • Private Banks such as Credit Suisse, Julius Baer and UBS have been quick to develop their presence in Indonesia. Other international private banks such as JPMorgan Chase and Merrill Lynch still serve Indonesia’s HNWIs from Singapore.
  • The leading locally based private banks are Bank Mandiri, Bank Negara and Bank DBS Indonesia.
  • The capital, Jakarta, has by far the most wealth management head offices with 24, followed by Medan with two offices.

High Net Worth Trends in Indonesia 2012:

  • As of 2011, there were just over 37,400 HNWIs in Indonesia, with a combined wealth of US$241 billion.
  • The wealth of HNWIs in Indonesia was positively influenced by an appreciation of the local currency against the US dollar, strong local equity and real estate markets.
  • The total number of HNWIs in Indonesia is forecast to grow by 123%, to reach just over 83,500 individuals by 2016. This represents a higher growth than other emerging markets such as China (83% growth) and India (103% growth).

HNWI Asset Allocation in Indonesia 2012:

  • As of 2011, there were just over 37,400 HNWIs in Indonesia, with a combined wealth of US$241 billion.
  • In 2011, equities were the largest asset class for HNWIs in Indonesia (25.4% of total HNWI assets), followed by real estate (24.6%), cash (14.9%), fixed income (14.2%) and alternatives (7.2%).
  • Business interests recorded the strongest growth over the review period, driven by new business formation in the country. Equities were the worst performing asset class, mainly due to the poor performance of foreign equity markets.
  • Over the forecast period, equities are expected to be the top-performing asset class for HNWIs, followed by business interests, real estate and alternatives. Consequently, there will be a movement away from cash and fixed income products towards equities.
  • WealthInsight’s research shows that in 2011, 38% of Indonesian HNWIs had second homes abroad. The most popular destination for these homes is Singapore, followed by London in second place.

Ultra HNWIs in Indonesia 2012:

  • As of 2011, there are 626 UHNWIs in Indonesia. Jakarta is home to the largest portion of them (55% or 345 of UHNWIs). There are also sizable Indonesian UHNWI populations in Bali (35 UHNWIs), Surabaya (23 UHNWIs), Bandung (20 UHNWIs) and Medan (18 UHNWIs).
  • There are 52 female UHNWIs in Indonesia, making up 8.3% of the total Indonesian UHNWIs, a figure below the worldwide average of approximately 20%.

Indonesia – 2012 Wealth Book: Asia’s Emerging Giant:

  • The total number of HNWIs in Indonesia increased by 67% during the review period (2007–2011). This was the highest growth for any major country in the world, well above the likes of China (41% growth) and India (32% growth).
  • As of 2011, there were just over 37,400 HNWIs in Indonesia, with a combined wealth of US$241 billion.
  • There are 626 UHNWIs in Indonesia. Jakarta is home to the largest portion of them (55% or 345 of UHNWIs). There are also sizable Indonesian UHNWI populations in Bali (35 UHNWIs), Surabaya (23 UHNWIs), Bandung (20 UHNWIs) and Medan (18 UHNWIs).
  • This research shows that a large proportion of local wealth is currently held offshore, mostly in Singapore-based private banks. HNWIs remain invested in Singapore for reasons such as tax avoidance and risk diversification, but also due to higher product sophistication across the straits.

Browse other reports on Banking and Financial Services and Wealth Management Market.

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