Sizing the Asian Retail Investor Market

by Ashley Globerman,  Isabella Fonseca,  Wenli Yuan, July 2, 2014
Industry Trends
Asia-Pacific

Abstract

In the third of three reports that analyze the retail investor market, Celent looks at three Asian countries with respect to their economic health, regulatory drivers, retail investor market, and wealth management market maturity and sophistication.

In the report Sizing the Asian Retail Investor Market, Celent profiles three countries and identifies where wealth management solutions providers should focus in the near term. The countries included are Hong Kong, Japan, and Singapore.

This report aims to provide firms with an understanding of the retail investor landscape across three Asian countries and encourage firms to assess their strategic plans with a further understanding of the products and services offered to retail investors in Asia.

“The wealth management industry in Asia has grown significantly in the past several years, mainly as a result of the region’s robust economies, growing class of young entrepreneurs, and drastically rising levels of personal wealth,” comments Wenli Yuan, Senior Analyst within Celent’s Asian Financial Services Group and coauthor of the report. Financial institutions both foreign and domestic are competing for market share in the Asian wealth management space. Financial market regulators in Asia are tightening legislation around the markets with the aim to protect investors and provide transparency, similar to that of Europe and North America.

Although wealth managers typically reach clients through traditional distribution channels, Celent expects this to change due to the significantly growing interest in technology by the HNW segment in Asia. And, as in other global retail investor markets, technology will take on a substantial role. 

“The wealth management and retail investor markets of Japan, Hong Kong, and Singapore offer a positive opportunity for wealth managers and service providers that target the retail investor population. There has been a surge in personal wealth in the region, which presents opportunity in a competitive environment for these firms,” says Ashley Globerman, Analyst with Celent’s Wealth Management Group and coauthor of the report.  

The other reports in this series are Sizing the Retail Investor Market in the Americas and Sizing the European Retail Investor Market.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Introduction

2

 

Research Methodology

2

Country Market Overviews

4

 

Hong Kong

5

 

Japan

5

 

Singapore

5

Regulatory Drivers

6

Retail Investor Market Overviews

7

 

Definitions and Segmentation

7

 

Hong Kong

7

 

Japan

9

 

Singapore

11

Wealth Management Market Maturity and Sophistication

13

 

Hong Kong

13

 

Japan

13

 

Singapore

14

Celent’s Recommendations

15

 

Hong Kong

15

 

Japan

16

 

Singapore

17

Conclusion

18

 

Hong

18

 

Japan

18

 

Singapore

18

Leveraging Celent’s Expertise

20

 

Support for Financial Institutions

20

 

Support for Vendors

20

Related Celent Research

21

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