Challenges and Opportunities for the Wealth Sector in Russia 2014

Published: Sep, 2014 | Pages: 58 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)


Synopsis
 This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in Russia.
 The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
This report is a thorough analysis of Russia's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
 Independent market sizing of Russia HNWIs across five wealth bands
 HNWI volume and wealth trends from 2009 to 2013
 HNWI volume and wealth forecasts to 2018
 HNWI and UHNWI asset allocations across 13 asset classes 
 Number of UHNWIs in each state and all major cities
 Fastest growing cities and states for UHNWIs (2009-2013)
 Insights into the drivers of HNWI wealth
Reason To Buy
 The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
 The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
 With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
 Report includes comprehensive forecasts to 2018.
Key Highlights
 In 2013, Russian HNWIs held 30.8% (US$345 billion) of their wealth outside of their home country; the worldwide average is 20-30%. 
 WealthInsight expects foreign asset holdings to increase to US$404 billion by 2018, accounting for 29.6% of the country's total HNWI assets.
 In 2013, Europe accounted for 60.7% of the foreign assets of Russian HNWIs. It was followed by Asia-Pacific with 17.7%, North America with 11.5%, the Middle East with 5.2%, Latin America with 3.8% and Africa with 1.2%.
 Russian HNWI allocations to Europe decreased sharply compared with other regions during the review period, from 72.4% in 2009 to 60.7% in 2013. 
 Over the forecast period, WealthInsight expects HNWIs to reduce their level of investment in Europe to 54.3% of foreign HNWI assets by 2018, with investments decreasing due to growing confidence in Asian economies.

 1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Russia's Wealth in Context
3.4.1 Distribution of wealth in Russia
3.5 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic banks
4.1.2 Foreign Private Banks
4.1.3 Wealth managers
4.1.4 Family offices
4.1.5 Financial advisors
4.2 Developments in the Russian Private banking sector
4.3 Wealth Management Industry and Private Banking Sector
4.4 Russian Wealth Management Industry - Clientele Model and Maturity
4.5 Behavioral Mapping of Wealth Management and Private Banking in Russia
5 Appendix
5.1 Additional Components of the Wealth Sector in Russia
5.1.1 Philanthropy
5.1.2 Human resource availability for the wealth management industry
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 RUB to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments (FDI) - inflows and outflows
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Russian Population Volume of Key Cities (Million), 2013
Table 3: Russian Leading Domestic Private Banks, 2013
Table 4: Russian Leading Foreign Private Banks, 2013
Table 5: Russian Wealth Managers, 2013
Table 6: Russian Family Offices, 2013
Table 7: Russian Wealth Management Industry - Recent Deal Activity, 2013
Table 8: Russian Exchange Rate -RUB to US$, 2009-2018
Table 9: Russian Real GDP Growth (%), 2009-2018
Table 10: Russian GDP Per Capita (US$), 2009-2018
Table 11: Russian Domestic Market Capitalization (US$ Billion), 2009-2013
Table 12: Russian Commodity Indices, 2009-2018
Table 13: Russian Foreign Direct Investments (US$ Billion), 2009-2018
Table 14: Russian Inflation Rate (%), 2009-2018
Table 15: Russian Money Market Rate (%), 2009-2018
Table 16: Russian Balance of Payments (US$ Billion), 2009-2013
Table 17: Russian Government Debt as a Percentage of GDP (%), 2009-2018
Table 18: Russian Stock Market Performance (Index), 2009-2013
Table 19: Russian HNWI Wealth vs GDP Ratio (%), 2009-2018
Table 20: Russia- Appendix One
Table 21: Russia - Appendix Two