DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p5rw75/challenges_and_opp) has announced the addition of the "Challenges and Opportunities for the Wealth Sector in Brazil" report to their offering.
This report is a thorough analysis of the Brazilian Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope:
The report features:
- Independent market sizing of Brazilian 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 Brazil
- Largest private banks in Brazil by AuM
- Detailed wealth management and family office information
- Insights into the drivers of HNWI wealth
Key Highlights:
- Brazil has the highest number of HNWIs in Latin America and third highest among BRIC nations. As of 2011, there are just over 194,000 HNWIs in Brazil, with a combined wealth of US$951 billion, accounting for roughly 29% of Brazil's total wealth (US$3.3 trillion).
- The global private banking industry is estimated to have assets under management of just over US$16.5 trillion. The Brazilian wealth management sector accounts for US$250 billion of this, making it the largest Latin America country by assets under management (AuM).
- Banco Itau controls 25% of the local private banking market, by AuM, followed by Bank of America (Merrill Lynch) with 8% and UBS with 7%.
- There are a number of Brazilian cities with a large number of UHNWIs but no wealth managers or private banking offices, such as Goiania and Fortaleza - these cities may therefore offer the greatest potential for the wealth management industry going forward.
Companies Mentioned:
- Banco do Brasil
- Banco Itau (merged with Unibanco)
- Banco Safra
- Bradesco
- BTG Pactual
- GPS (owned by Julius Baer)
- Hedging Grifo (owned by Credit Suisse)
- Citibank
- Credit Suisse
- Deutsche
- HSBC
- Merrill Lynch
- Santander
- UBS
- BBVA
- BNP Paribas
- Goldman Sachs
- Haliwell Bank
- JP Morgan
- Lloyds TSB
- Morgan Stanley
- and more....
For more information visit http://www.researchandmarkets.com/research/p5rw75/challenges_and_opp