Panoramica di mercato

The Asia-Pacific (APAC) Wealth Management Market is expected to experience substantial growth in terms of assets under management (AuM) value, increasing from USD 20.56 trillion in 2022 a USD 32.89 trillion by 2028, with a compound annual growth rate (CAGR) of 8.1% during the forecast period.

Wealth management refers to the market where individuals seek professional assistance for their financial investments, taxation, retirement planning, and legal planning, in exchange for fees. The APAC region has seen a growing demand for wealth management services, with clients preferring technology-driven and innovative platforms offered by efficient APAC wealth management firms.

Efficient post-trade processing plays a crucial role in asset management companies’ risk reduction and ultimately affects the performance of investment portfolios. In the current environment, where differentiating between performance and returns is challenging, asset managers are placing even greater emphasis on operational efficiency and cost savings. The Asia-Pacific region displays significant variations in fund types and investment behaviors across countries such as India, Cina, Giappone, Singapore, Vietnam, Indonesia, and Malaysia. This geographical diversification has increased exposure to currency settlement risks and a growing allocation to offshore assets among pension funds and insurers in the region.

Wealth management firms in Asia faced challenges due to slowing economic growth, increased market volatility, and significant capital losses globally and in the APAC region. Embracing best practices in operations and risk management will attract further investment in the asset management industry in Asia, driving overall growth in the region.

Segmentazione del mercato

The market is segmented based on various factors, including client type, provider, and geography.

Segmentation by Client Type
HNWI
Retail/ Individuals
Other Client Types (Financial Institutions Like Pension Funds, Insurance Companies, eccetera)

Segmentation by Provider
Private Banks
Independent/External Asset Managers
Family Offices
Other Providers (Fintech Advisors, etc.)

Segmentation by Geography
India
Giappone
Cina
Singapore
Indonesia
Malaysia
Vietnam
Hong Kong
Rest of Asia-Pacific

The Asia-Pacific Wealth Management Market’s Retail/Individuals segment was valued at 8,241 billion USD in 2022, and it is projected to reach 13,566 billion USD by 2028, with a compound annual growth rate (CAGR) of 8.7% during the forecast period. In 2021, the Asia-Pacific (APAC) region had a affluent population of 143.4 million individuals, who held onshore liquid assets exceeding 50,001 Dollaro statunitense. This represents nearly 5% of the adult population in the region. Over the past decade, this affluent population has almost doubled, growing from 81.6 million people in 2011. The affluent population accounted for 86.8% of the region’s onshore liquid assets, while the emerging affluent and mass market segments collectively held the remaining 13.2%.

The Private Banks segment of the Asia-Pacific wealth management market generated a revenue of 15,836 billion USD in 2022, and it is expected to reach 24,912 billion USD by 2028, with a CAGR of 7.8% (2023-2028). In 2021, wealth management through private banks in the APAC region experienced significant growth and development. Due to the increasing number of high-net-worth individuals (HNWIs), ultra-high-net-worth individuals (UHNWIs), and the growing demand for wealth management services, the APAC region has emerged as a critical market for private banks. To cater to the specific needs and preferences of their HNWI and UHNWI clients, private banks in the region have been focusing on providing personalized and tailored services encompassing risk management, investment management, tax preparation, and estate planning.

Cash reserves in the Asia-Pacific region have surpassed 600 billion USD in the current year, accounting for over 20% of the global total. For venture capital and private equity firms, dry powder refers to committed but unallocated capital. Dry powder is a highly liquid asset. The constant growth of the private equity and venture capital markets has contributed to the expansion of the Asia-Pacific wealth management market, and this trend is expected to continue throughout the forecast period.

In 2021, China’s national equity exchange and quotations (NEEQ) had a market capitalization of 2.28 trillion yuan (353.4 billion USD). The market capitalization experienced rapid growth after 2014 and reached its peak in 2017 at nearly 5 trillion yuan (740 billion USD). However, a year later, the equity market suffered a value loss of almost 1.5 trillion yuan (222 billion USD). This decline was attributed to the unfavorable investment climate in 2018 when stock values on the Shanghai and Shenzhen stock exchanges decreased by approximately 24%. Since then, the NEEQ has struggled to recover as larger exchanges sought to attract young companies, posing significant competition to the equity exchange through boards like the ChiNext in Shenzhen and the StarA board in Shanghai.

Panorama competitivo

The wealth management market in the Asia-Pacific region is experiencing robust growth and intense competition across various countries such as India, Cina, and Japan. These countries have a significant number of competitive players who dominate the market. In recent times, the market has become increasingly competitive and robust through the utilization of mergers and acquisitions, as well as traditional investment opportunities. Notably, China has emerged as a driving force behind this trend. Key players in the Asia-Pacific wealth management market include Aberdeen Standard Investments, China Life Private Equity, UBS, BlackRock, and ICICI Prudential Asset Management.

Key Leading Private Banks profiled in this report include UBS, BNP Paribas Wealth Management, Citi Private Bank, HSBC Private Bank, Julius Baer, Deutsche Bank AG, Morgan Stanley, Bank of China, Goldman Sachs Group, Inc, JP Morgan Chase & Co.

Key Leading Independent Asset Managers profiled in this report include Tauraus Advisors, AZ Investment Management, Swiss – Asia Financial Services, Aneto Capital, Oreana Financial Services.

Key Family Offices profiled in this report include Das Family Office, Golden Equator Wealth, Wealth Management Alliance, LCA Solutions, Raffles Family Office.

Recent Industry Developments

June 2022: HSBC Holdings PLC announced its plans to reintroduce its India private banking business in the span of a year. This strategic move is aimed at tapping into the untapped potential of the Indian Wealth Management market, which holds considerable opportunities for the bank.

April 2022: ICICI Prudential Asset Management Company Limited and ICICI Prudential Mutual Fund have given their approval for the consolidation of several Fixed Maturity Plans into ICICI Prudential Money Market Fund. The merger will take effect from 30th May 2022, as per the decision made by the companies.

Key Questions Answered

What is the study period for the APAC Wealth Management Market?
The study period for the APAC Wealth Management Market spans from 2018 A 2028.

What is the growth rate of the APAC Wealth Management Market?
The APAC Wealth Management Market is expected to grow at a compound annual growth rate (CAGR) of 12.27% over the next five years.

What is the size of the APAC Wealth Management Market?
The APAC Wealth Management Market is projected to reach USD 18.5 trillion in 2023 and is expected to grow at a CAGR of 12.27% to reach USD 33 trillion by 2028.

Which region in the APAC Wealth Management Market has the highest growth rate?
Asia-Pacific is experiencing the highest CAGR from 2018 A 2028 in the APAC Wealth Management Market.

Which region holds the largest share in the APAC Wealth Management Market?
As of 2022, Europe holds the highest share in the APAC Wealth Management Market.

Who are the key players in the APAC Wealth Management Market?
The major companies operating in the APAC Wealth Management Market include Aberdeen Standard Investments, China Life Private Equity, UBS, BlackRock, and ICICI Prudential Asset Management.