以海外印度人為對象的財富管理

Abstract

Overview

Introduction

Targeting NRIs in Wealth Management is Datamonitor's latest insight report on what is emerging as a ready-made wealth management segment globally. Building on the resources and expertise of Datamonitor's Global Wealth Service team, the report is rich in data and analysis, and provides in-depth and impartial market assessment, and competitor intelligence.

Scope

• The report looks at the growing trend among financial institutions in targeting these individuals with wealth management products and services.
• Datamonitor's Global Expatriate Study sizes the Indian population by country of domicile and provides a breakdown of wealth level.
• The report analyses competitive dynamics in the NRI space across the globe.

Report Highlights

The largest NRI populations of the countries studied in the AP region are in Singapore and Australia, with 114,400 and 122,200 respectively. Australia is essentially a country of immigrants and it is therefore not surprising that it is home to large numbers of many different nationalities.

The concern over understanding tax implications associated with property investment was considered very or fairly important by an average of 77% of expatriate respondents across the UK, the UAE, Hong Kong and Singapore. Respondents in the UK and the UAE found it of most concern with 80% stating it was very or fairly important.

Like any potential wealth management client segment, NRIs have the potential to be demanding. They have with complex and differentiated needs related to the fact that they are outside of their country of origin. These complex needs present wealth managers with opportunities to target them with specific services.

Reasons to Purchase

• This report is an indispensable guide to those looking to target non-resident Indians (NRIs) anywhere in the world.
• With clear exposition of market opportunities and threats, the report is an effective aid for all parties in planning competitive strategy.
• Find out how large the NRI population is globally and its breakdown by wealth level.

Table of Contents

• CHAPTER 1 INTRODUCTION
  • What is this report about?
  • Who is the target reader?
• CHAPTER 2 THE MARKET OPPORTUNITY
  • A brief history of Indian migration
  • There are three key reasons why financial instiitutions should consider targeting the NRI population
    • They have differentiated needs
      • Remittance services
      • Offshore investment
      • Other expatriate needs
    • NRI populations around the globe are large
      • The Middle East is attracting Indian workers in their millions
      • North America offers skilled work in banking and tech sectors
      • Europe and the UK in particular have been long-time destinations for Indians
      • Indian-born populations in Asia-Pacific are sizeable too
    • There are significant proportions of wealthy individuals among their number
      • Overseas Indians tend to have higher average income than local residents
      • The number of wealthy Indians around the world
• CHAPTER 3 COMPETITIVE DYNAMICS
  • There are four ways in which financial institutions are targeting NRIs around the globe
    • Leveraging existing customer bases
      • The Indian banks all look to leverage their existing customer bases
    • Partnerships between foreign and Indian firms
      • Lloyds TSB and ICICI spotted an opportunity in the UK market
      • Indian bank Indusind is looking to tie up with several overseas banks in an effort to target NRIs
    • Targeted wealth management products and services
      • SG Private Bank is building a regional business targeting NRIs
    • Sponsorship and promotion
      • Citi NRI chooses sponsorship to raise its profile in the NRI community
      • Standard Chartered has also been linking its NRI customers with events
• CHAPTER 4 APPENDIX
  • Data
  • Definitions
    • AAGR
    • CAGR
    • Gini index
    • Liquid assets
    • Liquid asset bands
  • Research methodology
  • The Global Wealth Model
    • The UK sub model
    • Asia-Pacific sub model
    • Forecasting methodology
    • Datamonitor's wealth numbers compared with others' numbers
  • Bespoke Wealth Market Sizing
  • Further reading
    • Datamonitor Asia-Pacific Wealth Reports
    • Datamonitor Asia-Pacific Insight Reports
    • Datamonitor Global Wealth Service: Competitor Tracking
  • Datamonitor Financial Services Consulting
  • Asia-Pacific contacts
• List of Tables
  • Table 1: Value of NRI deposits by type, 1999-2005
  • Table 2: Foreign direct investment into India by country, 2002-2005
  • Table 3: Stocks and flows of NRIs into countries around the world, 2005
  • Table 4: Proportion of NRI populations that are affluent, 2005
  • Table 5: Wealth markets that have been modeled using the Global Wealth Model
• List of Figures
  • Figure 1: NRI deposits have been growing in value rapidly in recent years and were worth almost USD33bn as at March 2005
  • Figure 2: Money transmission is clearly an important service offering for expatriates around the world
  • Figure 3: Foreign investment flows into India have increased markedly since 2004, with Mauritius being the largest contributor
  • Figure 4: Investment advisory services offered by an offshore bank are considered important
  • Figure 5: Understanding of income tax position is a large concern for expatriates
  • Figure 6: The tax or legal implications of buying property abroad are of concern to expatriates
  • Figure 7: In general all investment services were deemed to be useful, but portfolio management, property investment and collective investments were the most popular
  • Figure 8: Tax planning and advice were considered the most important advisory and planning services that an offshore bank could provide to expatriates
  • Figure 9: Expatriates were less interested in insurance products. Private health insurance was considered the most important for an offshore bank to provide
  • Figure 10: Of the 20 countries studied by Datamonitor, the Middle Eastern countries were home to the largest number of NRIs
  • Figure 11: The UAE and Saudi Arabia are home to 2.6 million NRIs between them, with many more arriving each year
  • Figure 12: The US is home to one of the world's largest Indian populations, and saw more than 70,000 arrive in 2005
  • Figure 13: Europe - and in particular the UK - is home to a large number of NRIs, with more than 30,000 arriving each year
  • Figure 14: The Indian born population around Asia-Pacific is substantial, although many have been outside of India too long to be considered NRIs
  • Figure 15: British Asians are more likely to be self-employed than any other UK ethnic group
  • Figure 16: Large proportions of the NRI populations in each country are either mass affluent of high net worth
  • Figure 17: The proportion of NRIs that are considered affluent compared to the domestic population is particularly favorable in Thailand, Singapore, Indonesia, China and Ireland.
  • Figure 18: A selection of the domestic Indian banks offering NRI services