Challenges and Opportunities for the Wealth Sector in Turkey 2013

Published: Feb, 2013 | Pages: 59 | 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 Turkey.
Summary
This report is a thorough analysis of the Turkish Wealth Management and Private Banking sector and the opportunities and challenges that it faces.
Scope
 Independent market sizing of Turkish HNWIs across five wealth bands
 Number of wealth managers in each city
 City wise ratings of wealth management saturation and potential
 Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Turkey
 Size of the Turkish wealth management industry
 Detailed wealth management and family office information
 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 profiles on major private banks, wealth managers and family offices in each country. 
 The WealthInsight Intelligence Center Database also includes up to one hundred data-points on over 100,000 HNWIs from around the world. 
 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 2017.
Key Highlights
 There were just over 94,000 HNWIs in Turkey in 2012. These HNWIs held US$500 billion in wealth, which equates to 43% of total individual wealth held in the country. 
 Turkish HNWIs outperformed the worldwide HNWI average during the review period - worldwide HNWI volumes decreased by 0.3% whilst Turkish HNWI numbers rose by 7.4%.
 In 2012, Turkish HNWI numbers rose by 23.2%, following a drop of 6.1% in 2011.
 Turkey is seen as a core emerging European wealth management market, after a decade of political stability and economic progress under the AKP government elevated Turkey's position in the eyes of international investors and wealth managers. 
 Investors from the Gulf region, Russia and former Turkic Republics account for a major share of the potential investor base.
 As of 2012, there are 28 private banks active in Turkey.
 The largest domestic private banks are Garanti and Yap? Kredi.

 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 Benchmarking Turkish Wealth in Context 
3.3.1 World statistics 
3.3.2 Distribution of wealth in Turkey 
3.4 HNWI Volume and Wealth Trends 
4 Competitive Landscape of the Wealth Sector 
4.1 Competitive Landscape 
4.1.1 Private Banks 
4.1.2 Wealth managers 
4.1.3 Family offices 
4.1.4 Financial advisors 
4.2 Developments in the Turkish Private Banking Industry 
4.3 Turkish Wealth Management Industry - Clientele Model and Maturity 
4.4 Behavioral Mapping of the Wealth Management and Private Banking Industry in the Turkey 
4.5 Porter's Five Forces Analysis - Wealth Management Industry in the Turkey 
4.6 Financial Services Review 
4.6.1 Retail banks 
4.6.2 Fund management 
5 Appendix 
5.1 Additional Components of the Wealth Sector in Turkey 
5.1.1 Philanthropy 
5.1.2 Demand for intergenerational wealth transfer 
5.2 Regulatory environment in Turkey 
5.2.1 Regulations on taxes 
5.3 Key Drivers 
5.3.1 LC to US$ exchange rate 
5.3.2 Real GDP growth 
5.3.3 Per capita GDP 
5.3.4 Domestic market capitalization 
5.3.5 Housing price index 
5.3.6 Commodity index 
5.3.7 Foreign direct investment 
5.3.8 Inflation rate 
5.3.9 Interest rate 
5.3.10 Balance of payments 
5.3.11 Government debt 
5.3.12 Stock market performance 
5.4 Wealth Breakdowns 
6 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions 
Table 2: The largest 10 cities by population, 2011 
Table 3: TURKEY: Data Summary 
Table 4: TURKEY - Forecast Summary 
Table 5: TURKEY: Private Banks, Local, 2012 
Table 6: TURKEY: Private Banks, Foreign, 2012 
Table 7: TURKEY: Wealth Managers per City, 2012 
Table 8: TURKEY: Financial Advisors, 2012 
Table 9: TURKEY: M&A Activity, 2012 
Table 10: TURKEY: Income Tax Structure for Individuals in Turkey, 2012 
Table 11: TURKEY: Free Zones, 2012 
Table 12: TURKEY: TRY to US$ Exchange Rate, 2007-2017 
Table 13: TURKEY: Real GDP Growth, 2007-2017 
Table 14: TURKEY: GDP Per Capita, 2007-2017 
Table 15: TURKEY: Domestic Market Capitalization (US$ Billion) 2007-2011 
Table 16: TURKEY: Housing Price Index, 2007-2012 
Table 17: TURKEY: Commodity Indices, 2007-2017 
Table 18: TURKEY: Foreign Direct Investments (US$ Billions) 2007-2017 
Table 19: TURKEY: Inflation Rate, 2007-2017 
Table 20: TURKEY: Money Market Rate, 2007-2017 
Table 21: TURKEY: Balance of Payments (US$ Billion) 2007-2012 
Table 22: TURKEY: Government Debt to GDP, 2007-2017 
Table 23: TURKEY: Stock Market Performance, 2007-2012 
Table 24: TURKEY: HNWI Wealth vs GDP Ratio, 2007-2017 
Table 25: TURKEY: Appendix One 
Table 26: TURKEY: Appendix Two