Tuesday, November 13, 2007

BCG - Financial Services - Consultancy Services - 2


October, 2007
[PDF] Tapping Human Assets to Sustain Growth: Global Wealth 2007
Global wealth grew by 7.5 percent in 2006 to reach $97.9 trillion. It was the fifth consecutive year of expanding wealth and a profitable period for most wealth managers. The report, our seventh, examines the greatest source of organic growth within wealth management players—their human assets. It also provides a comprehensive analysis of wealth markets around the world—including an in-depth analysis of opportunities and challenges in the Middle East—and an equally broad benchmarking of leading wealth managers. Read an excerpt from this report or order the full report.

August, 2007
[PDF] Investment Banking and Capital Markets, Second Quarter 2007
Investment banks have attractive growth opportunities in the Middle East, but must navigate several challenges. Corporate and investment banking revenues in the Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—exceeded $3 billion in 2006. The United Arab Emirates and Saudi Arabia accounted for more than 80 percent of revenues. Fixed-income products are the most attractive sources of revenue, given the capital requirements of large projects and the strengths of global players.

Press Releases

October, 2007
Global Wealth Climbs 7.5 Percent In 2006, Nearing $100 Trillion

September, 2007
Investment Banks Can Capture Growth In The Middle East With Local Offerings, BCG Report Says

Press Clips

November 12, 2007
World’s Wealthy are Generating More Wealth
Newsweek reported that around the world, the rich are getting richer, due to both market forces and personal choices. BCG's Bruce Holley noted that the concentration of wealth is heightened in part because wealthy people are earning more from their jobs and more from their investments. "The higher you go up the asset scale, the faster the rate at which it grows," he said. "Wealthy people today have access to asset classes like hedge funds and private-equity funds that can generate higher returns."

October 31, 2007
Chinese Wealth Market Rising
Citing BCG's Global Wealth report, Reuters reported that 8 percent of China's $2.5 trillion wealth is parked offshore, and the share is rising as the country's economy opens up, boosting business for private banks in Hong Kong and Singapore. China Daily also covered the report, noting that the country's wealth market is expected to outpace all other countries over the next five years, with a projected annual growth rate of 17.4 percent. China had the highest compound annual growth rate of 23.4 percent in assets under management from 2001 to 2006 due to rapid economic growth, according to the report.


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