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Global Private Bank Services to Affluent Asians

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Presentation on theme: "Global Private Bank Services to Affluent Asians"— Presentation transcript:

1 Global Private Bank Services to Affluent Asians
AILENE M. LITONJUA Chief Representative HSBC Private Bank (Suisse) SA Manila Representative Office

2 The Market Size Market Size Based on Total Assets
By 2015, the Philippines will be one of the largest numbers of HNI – those with $1million or more investable assets in Asia. The Philippines belong to the Top 10 Asian Millionaire Nations by 2015 38000 Filipino millionaires by 2015 with total net worth of $164B (Julius Baer) Sources: Julius Baer, Swiss Private Banking Group, September 2011 Asia Pacific Wealth Markets Database by Datamonitor, December 2011

3 The Market Size Sources: Julius Baer, Swiss Private Banking Group, September 2011 Asia Pacific Wealth Markets Database by Datamonitor, December 2011

4 The Market Size Market Size Based on Liquid Assets
Source: Asia Pacific Wealth Markets Database by Datamonitor, December 2011 In terms of liquid assets, the USD3M+ band will grow from 23.9B (2011) to 35.6B (2015) In the Philippines, the number of individuals with liquid assets of USD 3 million and up is estimated to be around 2,700. Liquid assets (or also called liquid wealth) are defined as direct holdings in the typical retail savings and investment classes, including deposits plus cash outside of banks, direct holdings in quoted stocks and shares, direct holdings in government and other bonds, mutual funds and other collective investment schemes

5 Market Segment Psychographics
Core Values and Beliefs Need State: Self-actualization, building a legacy Optimistic about the future Want a holistic and well-balanced life so keeps on improving self Contented with life Family and children are very important Enjoy taking challenges Financial Management Wealth Goal: Legacy Wealth Type of Saver / Spender: Compulsive and Big Savers, Frugal Spenders Always save money Financial goals are long-term Willing to pay extra for quality Source: Quantitative and Qualitative Profiling Study on HSBC’s Customer Segments, March 2009, Ipsos

6 Private Bank Players in the Philippines
Local Banks offering Private Banking Services Bank of the Philippine Islands BDO Private Bank Metrobank China Bank Foreign Banks offering Private Banking Services Union Bank of Switzerland (UBS) Credit Suisse JP Morgan Chase Bank of Singapore Morgan Stanley Citibank HSBC Source: Bank Websites

7 Breadth of Private Bank Services

8 Investment Services – Offering & Approach
Investment services make available a wide range of investment vehicles from around the world, including bonds, equities, derivatives, structured products, mutual funds and hedge funds. Offering Client-driven Investment Services Discretionary Management by Managers Alternative Investment Services Approach Unrestricted access to the world’s financial opportunities through in house research & open architecture Selection and validation of “best of breed” investments based on your individual needs and investment strategies Sharing of international expertise due to worldwide network of offices & institutional knowledge

9 Investment Services : Strategic & Tactical Approach

10 Investment Services – Sample Allocation Model

11 Other Specialist Services & Wealth Solutions
Addresses wealth-related personal and family situations to enhance opportunities for clients and their heirs Help clients preserve wealth, avoid probate formalities, enhance privacy and manage tax and succession issues Takes into account the international aspects of client’s life Family Office Advisory Corporate Finance Advisory Wealth and Tax Advisory Specialist Property Advisory Advisory on other wealth management aspects such as Charities and Foundations Trusts Insurance Services Foundations

12 Specialist Services: Family Office Advisory
Clients with complex, international financial affairs require advice and service that is globally integrated The Family Office team takes advantage of both the skills and the international reach to provide expertise in three core areas: Wealth preservation Wealth management Special client services

13 Critical Path Questions – Client Profiling
What financial and non-financial assets do you own? In what countries? Who do you want to benefit from your estate, when and in what proportion? Who would you want to manage the distribution of your estate? Do they have the time or experience to handle this task? Who will care for your dependant children? What provisions do you need to make for educational and living expenses? What are your family’s liquidity needs? What is your anticipated estate tax liability? How will that liability be paid off? Do you have any philanthropic interests?

14 Family Office Advisory
In order that the client’s needs are addressed in the best way possible, they will have access to an extensive range of products and services  Tax advisers, lawyers and accountants Trust and estate planning Corporate finance, mergers and acquisitions Custodians, banks and investment managers Service providers from school advisory to art professionals Insurance providers Real estate advisers in both commercial and residential Philanthropic services

15 In Summary Affluent / Hi- Networth Individuals need specialized platforms for their investment needs to diversify critical size of wealth Financial Services companies need to cater to their special set and growing needs Legacy and succession planning are key to perpetuate family enterprises "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.“ Warren Buffet

16 Disclaimer The information contained in this presentation may not be copied or reproduced without the prior consent from HSBC Private Bank (Suisse) SA (PBRS) This presentation contains only general information and is not meant to be exhaustive, comprehensive or authoritative. PBRS does not warrant its accuracy or completeness or accept any liability for any loss or damage arising from any reliance thereon. The scenarios mentioned in the presentation are based on certain assumptions and have no regard to the specific objectives, financial situation and particular needs of a person. This presentation is not, nor is it intended to be, nor construed as, advice or an offer or solicitation to buy or sell any investment or subscribe for, or to participate in, any services. PBRS is not recommending or soliciting any action based on it. The views expressed in the document are those of PBRS and may, from time to time, differ from the research views of other companies within the HSBC Group. PBRS has based this document on information obtained from sources it believes to be reliable but which it has not independently verified. PBRS and the HSBC Group make no guarantees, representations or warranties and accept no responsibility or liability as to its accuracy or completeness. The information stated and/or opinion(s) expressed herein constitute best judgment at the time of publication and are subject to change without notice. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions.


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