Synopsis
This report is a thorough analysis of Peru's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
• Independent market sizing of Peru HNWIs across five wealth bands
• HNWI volume and wealth trends from 2009 to 2013
• HNWI volume and wealth forecasts to 2018
• HNWI and UHNWI asset allocations across 13 asset classes
• Number of UHNWIs in each state and all major cities
• Fastest growing cities and states for UHNWIs (2009-2013)
• Insights into the drivers of HNWI wealth
Summary
• This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Peru.
• The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis.
Reasons To Buy
• The Challenges and Opportunities for the Wealth Sector in Peru 2014 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
• With the wealth reports 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 2018.
Key highlights
• At the end of 2013, Peruvian HNWIs held 38.7% (US$49.3 billion) of their wealth outside of their home country, which is higher than the global average of 20–30%.
• WealthInsight expects foreign asset holdings to increase to US$63.4 billion in 2018, to account for 36.2% of the total HNWI assets.
• In 2013, South America accounted for 53.1% of Peruvian HNWIs’ foreign assets, followed by North America with 22.1%, Asia-Pacific with 12.1%, Europe with 9.3%, Africa with 2.2% and the Middle East with 1.2%.
• Peruvian HNWI allocations to North America decreased during the review period, from 30.1% in 2009 to 22.1% in 2013. Increased investments were made in the emerging economies of South America and Asia-Pacific.
• HNWIs are expected to further decrease their levels of investment in North America to 17.5% of foreign HNWI assets by 2018, with investments increasingly being diverted to South America.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Peruvian Wealth in Context
3.3.1 Distribution of wealth in Peru
3.4 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Foreign private banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 Wealth Management and the Private Banking Industry
4.3 The Peruvian Wealth Management Industry Clientele Model and Maturity
4.4 Behavioral Mapping of Wealth Management and Private Banking in Peru
5 Appendix
5.1 Additional Components of the Wealth Sector in Peru
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 PEN to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investment inflows and outflows
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in Peru by Population (Volume), 2013
Table 3: Leading Foreign Private Banks in Peru by Local AuM (US$ Million), 2013
Table 4: Peruvian Income Tax Bands (US$), 2013–2014
Table 5: PEN per US$ Exchange Rate, 2009–2018
Table 6: Peruvian Real GDP Growth (%), 2009–2018
Table 7: Peruvian GDP per Capita (US$), 2009–2018
Table 8: Peruvian Domestic Market Capitalization (US$ Billion), 2009–2013
Table 9: Peruvian Commodity Indices, 2009–2018
Table 10: Peruvian Foreign Direct Investment (US$ Billion), 2009–2018
Table 11: Peruvian Inflation Rate (%), 2009–2018
Table 12: Peruvian Money Market Rate (%), 2009–2018
Table 13: Peruvian Balance of Payments (US$ Billion), 2009–2013
Table 14: Peruvian Government Debt as a Percentage of GDP, 2009–2018
Table 15: Peruvian Stock Market Performance, 2009–2013
Table 16: Peruvian HNWI Wealth vs GDP Ratio, 2009–2018
Table 17: Peru Appendix One
Table 18: Peru Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Peru
Figure 3: Peruvian Asset Price Performance (%), 2009–2013
Figure 4: Peruvian HNWIs Performance (US$ Billion and HNWI Volume), 2009–2018
Figure 5: Peruvian vs Global HNWIs (%), 2009–2018
Figure 6: Peruvian Wealth Management Industry Maturity Level of Operators, 2014
Figure 7: The Peruvian Wealth Management Industry Behavioral Mapping, 2013
Figure 8: BRL to US$ Exchange Rate, 2009–2018
Figure 9: Peruvian Real GDP Growth (%), 2009–2018
Figure 10: Peruvian GDP per Capita (US$), 2009–2018
Figure 11: Peruvian Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 12: Peruvian Commodity Indices, 2009–2018
Figure 13: Peruvian Foreign Direct Investment (US$ Billion), 2009–2018
Figure 14: Peruvian Inflation Rate (%), 2009–2018
Figure 15: Peruvian Money Market Rate (%), 2009–2018
Figure 16: Peruvian Balance of Payments (US$ Billion), 2009–2013
Figure 17: Peruvian Government Debt as a Percentage of GDP, 2009–2018
Figure 18: Peru Stock Market Performance, 2009–2013
Figure 19: Peruvian HNWI Wealth vs GDP Ratio, 2009–2018
Figure 20: Peruvian HNWIs Volume by Wealth Band, 2009–2018
Figure 21: Peruvian HNWIs Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 22: Peruvian HNWIs Wealth per Capita (US$ Million), 2009–2018
