DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/da1e7b/south_asias_wealt) has announced the addition of the "South Asia's Wealth Diaspora - Looking Beyond Non-Resident Indians" report to their offering.
South Asia, and India in particular, is an attractive region for private banks and wealth management firms. However, there are a large proportion of very wealthy individuals from this region who have emigrated to wealthier countries. This report provides a holistic view of the non-resident South Asian wealth market.
Whether you are a wealth management firm, bank, financial advisor, real estate firm or equity analyst looking to enter this market or learn more about it, this report is the perfect reference tool.
There is huge opportunity for private banks and wealth managers around the world looking to provide services to the wealthy non-resident South Asian (NSRA) population. Until now there has been very little research available on the topic, but this new report contains a large amount of previously unpublished data, interpreted by industry experts.
This report discusses NRSAs, focusing on India, Pakistan, Bangladesh and Sri Lanka, and assesses the opportunities they present for the international wealth management industry. It analyses the local and international players in the market and provides a brief profile of each, covering their products and services, regions of operation and expansion, and marketing strategies.
India, Pakistan, Bangladesh and Sri Lanka - the Wealthiest Non-Resident Populations in South Asia
The Indian diaspora is the biggest among the South Asians followed by Pakistanis, Bangladeshis and Sri Lankans. The Indian government estimates that the number of non-residents is over 25million. More than 300,000 Indians migrate annually, resulting in a 1% annual growth rate in non-resident Indians (NRIs). According to reports published by HSBC in 2009 and the Capgemini/Merrill Lynch Asia Pacific Wealth Report in 2007, there are 150,000 NRI millionaires worldwide holding wealth more than US$ 500 billion.
Pakistan has the second largest amount of non-resident citizens, estimated at 7 million, which is approximately 4% of the population. 48% of the total non-resident Pakistani population live in Gulf Countries and conservative estimates put the total worth of money and assets of Pakistanis in the Persian Gulf at just under $5 billion. They tend to invest in warehousing, real estate, construction, trading and other service based companies beside textile units.
Bangladesh also has a large non-resident population and 53% (2.67 million) of these are in the Persian Gulf.
While the Sri Lankan diaspora is relatively small compared the other three, it is still significant, with over two million people living outside the country. Members of the Sri Lankan diaspora are present in Southeast Asia, Europe, North America, Australia, the Middle East and South Africa.
Key Topics:
1. Population & geographies
2. Other non-resident South Asians
3. NRSA: Summary of wealth
4. Remittance to South Asia
5. Investments by NRIs
6. Profile of millionaires
7. Driving factors: NRI wealth management
8. Impact of the 2008 financial crisis
9. Leading Indian banks serving the NRIs
10. Banks offering wealth management products
11. Opportunities for NRI wealth management
12. Strategies for market penetration
13. Conclusion
For more information visit http://www.researchandmarkets.com/research/da1e7b/south_asias_wealt