Ultra HNWIs in Turkey 2013

Published: Feb, 2013 | Pages: 92 | 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 reviews the performance and asset allocations of Ultra HNWIs in Turkey and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.
Scope
 UHNWI volume, wealth and allocation trends from 2007 to 2012
 UHNWI volume, wealth and allocation forecasts to 2017
 UHNWI asset allocations across 13 asset classes 
 Number of UHNWIs in all major cities
 Fastest growing cities for UHNWIs (2007-2012)
 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.
 Also provides detailed information on UHNWIs in each major city.
Key Highlights
 There are 1,923 UHNWIs in Turkey, with an average wealth of US$135 million per person. Of this total, there are 41 billionaires, 471 centimillionaires and 1,410 affluent millionaires as of year-end 2012.
 Istanbul is the largest city for Turkish UHNWIs, accounting for 58% of total UHNWIs with 1,110 individuals. There are also sizable UHNWI populations in Ankara (200 UHNWIs), Izmir (50 UHNWIs), Antalya (40 UHNWIs) and Bursa (30 UHNWIs).
 Bursa was the top performing city for UHNWIs, with numbers rising by 58% from 19 in 2007 to over 30 in 2012. This rise occurred as many foreign companies chose to build their headquarters in and around the city. Major industries in the city include automotive, textiles, FMCG and tourism (skiing).
 UHNWIs in the largest city - Istanbul - rose by 26% over the review period, which was in line with the country average.
 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 Findings from the WealthInsight HNWI Database 
4.1 Trends in HNWI Wealth to 2017 
4.1.1 HNWI trend analysis 
4.1.2 Trends of the wealth bands 
4.1.3 Demographic breakdown of HNWIs 
4.2 UHNWIs 
4.2.1 UHNWI volume trend analysis 
4.2.2 UHNWI wealth trend analysis 
4.2.3 Demographic breakdown of UHNWIs 
4.2.4 UHNWIs - job titles 
4.2.5 UHNWIs - industry breakdown 
4.2.6 UHNWIs - industry performance 
4.2.7 UHNWI breakdown by city 
4.2.8 UHNWIs - city performance 
4.2.9 UHNWIs - Istanbul Suburbs 
4.2.10 UHNWIs - population densities 
4.2.11 UHNWIs - city forecasts 
4.3 UHNWIs - Billionaires 
4.3.1 Billionaire volume trend analysis 
4.3.2 Billionaire wealth trend analysis 
4.3.3 Billionaire per capita net worth trend analysis 
4.3.4 List of billionaires 
4.4 UHNWIs - Centimillionaires 
4.4.1 Centimillionaire volume trend analysis 
4.4.2 Centimillionaire wealth trend analysis 
4.4.3 Centimillionaire per capita net worth trend analysis 
4.5 UHNWIs - Affluent Millionaires 
4.5.1 Affluent millionaire volume trend analysis 
4.5.2 Affluent millionaire wealth trend analysis 
4.5.3 Affluent millionaire per capita net worth trend analysis 
5 Analysis of Turkish HNWI investments 
5.1 Analysis of Turkish UHNWI Investments 
6 Competitive Landscape of the Wealth Sector 
6.1 Competitive Landscape 
6.1.1 Private Banks 
6.1.2 Wealth managers 
6.1.3 Family offices 
6.1.4 Financial advisors 
6.2 Developments in the Turkish Private Banking Industry 
6.3 Turkish Wealth Management Industry - Clientele Model and Maturity 
6.4 Behavioral Mapping of the Wealth Management and Private Banking Industry in the Turkey 
6.5 Porter's Five Forces Analysis - Wealth Management Industry in the Turkey 
6.6 Financial Services Review 
6.6.1 Retail banks 
6.6.2 Fund management 
7 Appendix 
7.1 Additional Components of the Wealth Sector in Turkey 
7.1.1 Philanthropy 
7.1.2 Demand for intergenerational wealth transfer 
7.2 Regulatory environment in Turkey 
7.2.1 Regulations on taxes 
7.3 Key Drivers 
7.3.1 LC to US$ exchange rate 
7.3.2 Real GDP growth 
7.3.3 Per capita GDP 
7.3.4 Domestic market capitalization 
7.3.5 Housing price index 
7.3.6 Commodity index 
7.3.7 Foreign direct investment 
7.3.8 Inflation rate 
7.3.9 Interest rate 
7.3.10 Balance of payments 
7.3.11 Government debt 
7.3.12 Stock market performance 
7.4 Wealth Breakdowns 
8 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: HNWIs - Volume Distribution Wealth Pyramid, 2012 
Table 6: TURKEY: HNWIs - Wealth Distribution Wealth Pyramid (% share), 2012 
Table 7: TURKEY: UHNWI Gender Performance, 2007-2012
Table 8: TURKEY: Sources of UHNWI Wealth (%), 2012 
Table 9: TURKEY: UHNWI Cities, 2012 
Table 10: TURKEY: UHNWIs in Top Cities, 2007-2012 
Table 11: TURKEY: Suburbs of Istanbul, 2007-2012 
Table 12: TURKEY: UHNWI Population Density in Major Cities, 2012 
Table 13: TURKEY: Top UHNWI Cities, 2007-2017 
Table 14: TURKEY: UHNWI Growth Rates for Top Cities, 2007-2017 
Table 15: TURKEY: Billionaires - Market Overview (US$ Billion) 2007-2017 
Table 16: TURKEY: Top 10 Billionaires, 2012 
Table 17: TURKEY: Billionaire Wealth Growth, 2007?2012 
Table 18: TURKEY: Centimillionaires - Market Overview, 2007-2017 
Table 19: TURKEY: Affluent Millionaires - Market Overview, 2007-2017 
Table 20: TURKEY: UHNWI Allocations and Share of HNWI Assets, 2012 
Table 21: TURKEY: Private Banks, Local, 2012 
Table 22: TURKEY: Private Banks, Foreign, 2012 
Table 23: TURKEY: Wealth Managers per City, 2012 
Table 24: TURKEY: Financial Advisors, 2012 
Table 25: TURKEY: M&A Activity, 2012 
Table 26: TURKEY: Income Tax Structure for Individuals in Turkey, 2012 
Table 27: TURKEY: Free Zones, 2012 
Table 28: TURKEY: TRY to US$ Exchange Rate, 2007-2017 
Table 29: TURKEY: Real GDP Growth, 2007-2017 
Table 30: TURKEY: GDP Per Capita, 2007-2017 
Table 31: TURKEY: Domestic Market Capitalization (US$ Billion) 2007-2011 
Table 32: TURKEY: Housing Price Index, 2007-2012 
Table 33: TURKEY: Commodity Indices, 2007-2017 
Table 34: TURKEY: Foreign Direct Investments (US$ Billions) 2007-2017 
Table 35: TURKEY: Inflation Rate, 2007-2017 
Table 36: TURKEY: Money Market Rate, 2007-2017 
Table 37: TURKEY: Balance of Payments (US$ Billion) 2007-2012 
Table 38: TURKEY: Government Debt to GDP, 2007-2017 
Table 39: TURKEY: Stock Market Performance, 2007-2012 
Table 40: TURKEY: HNWI Wealth vs GDP Ratio, 2007-2017 
Table 41: TURKEY: Appendix One 
Table 42: TURKEY: Appendix Two