2012-09-20 17:59:26 - Challenges and Opportunities for the Wealth Sector in South Africa - a new market research report on companiesandmarkets.com
This report is a thorough analysis of the South African Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
â¢ South Africa has the highest number of HNWIs in Africa. As of 2011, there were over 44,700 HNWIs in South Africa, with a combined wealth of US$188 billion, accounting for roughly 27% of South Africa´s total individual wealth (US$740 billion).
â¢ The global private banking industry is estimated to have assets under management (AuM) of just over US$16.5 billion in 2011. The South African wealth management sector accounts for US$55 billion of this, making it the largest African country by AuM.
â¢ WealthInsight´s research shows that over 20% of South African HNWI is held offshore. Most
of this wealth is held in the UK, Switzerland and the Channel Islands.
â¢ Absa and Investec are the two largest private banks in South Africa by local AuM.
The report features:
â¢ Number of UHNWIs in each city
â¢ Number of wealth managers in each city
â¢ City wise ratings of wealth management saturation and potential
â¢ Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in South Africa
â¢ Size of local wealth management industry
â¢ Largest private banks in South Africa by AuM
â¢ Detailed wealth management and family office information
â¢ Insights into the drivers of HNWI wealth
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