Indonesia Wealth Report 2014

The 'Indonesia Wealth Report 2014' report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in Indonesia. It also includes an evaluation of the local wealth management market.

Scope

• Independent market sizing of Indonesian HNWIs across five wealth bands

• HNWI volume, wealth and allocation trends from 2009 to 2013

• HNWI volume, wealth and allocation forecasts to 2018

• HNWI and UHNWI asset allocations across 13 asset classes

• Geographical breakdown of all foreign assets

• Alternative breakdown of liquid vs investable assets

• Number of UHNWIs in major cities

• 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 Indonesia

• Size of Indonesia's wealth management industry

• Largest private banks by AuM

• Detailed wealth management and family office information

• Insights into the drivers of HNWI wealth

Key Highlights

• There were 36,215 HNWIs in Indonesia in 2013. These HNWIs held US$230 billion in wealth. In 2013, the wealth per HNWI measured US$6.4 million.

• In 2013, Indonesian HNWI numbers fell by 2.1%, following a 2012 increase of 21.3%.

• Growth in HNWI wealth and volumes are expected to improve over the forecast period. The number of Indonesian HNWIs is forecast to grow by 32.2% to reach 51,003 in 2018.

• In 2013, Indonesian HNWIs held 27.8% (US$64 billion) of their wealth outside of their home country; the worldwide average is 20–30%.

Reasons to buy

• The WealthInsight Intelligence Center Database 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 100,000 HNWIs from around the world.

• The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.

• With the Database as the foundation for its research and analysis, WalthInsight is able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers.

•The report includes comprehensive forecasts to 2018.

• The report provides detailed information on UHNWIs in each major city.

Companies mentioned

Bank Mandiri

Bank Central Asia

Bank Negara Indonersia

PT Bank Rakyat Indonesia Tbk

Bank Danamon Indonesia

Bank Pan Indonesia

Bank Permata Tbk

Bank Mega

Bank Bukopin

Bank Artha Graha

Table of Contents

Table of Contents

Table of Contents

LIST OF TABLES

LIST OF FIGURES

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 Social Background

3.4 Benchmarking Indonesia’s Wealth in Context

3.4.1 Distribution of wealth in Indonesia

3.5 HNWI Volume and Wealth Trends

4 Findings from the WealthInsight HNWI Database

4.1 Trends in HNWI Wealth to 2018

4.1.1 HNWI trend analysis

4.1.2 Trends of the wealth bands

4.1.3 Demographic breakdown of HNWIs

4.1.4 HNWIs – job titles

4.1.5 HNWIs – industry breakdown

4.1.6 HNWIs – industry performance

4.1.7 HNWIs – breakdown by city

4.1.8 HNWIs – city performance

4.1.9 HNWIs – city population densities

4.1.10 HNWIs – city forecasts

4.1.11 HNWIs – breakdown by state

4.1.12 HNWIs – state performance

4.1.13 HNWIs – state population densities

4.2 UHNWIs

4.2.1 UHNWI volume trend analysis

4.2.2 UHNWI wealth trend analysis

4.2.3 Demographic breakdown of UHNWIs

4.2.4 UHNWIs – industry breakdown

4.2.5 UHNWIs – city breakdown and performance

4.3 UHNWIs – Billionaires

4.3.1 Billionaire volume trend analysis

4.3.2 Billionaire wealth trend analysis

4.3.3 Billionaire per capita net worth trend analysis

4.3.4 List of billionaires

4.4 UHNWIs – Centimillionaires

4.4.1 Centimillionaire volume trend analysis

4.4.2 Centimillionaire wealth trend analysis

4.4.3 Centimillionaire per capita net worth trend analysis

4.5 UHNWIs – Affluent Millionaires

4.5.1 Affluent millionaire volume trend analysis

4.5.2 Affluent millionaire wealth trend analysis

4.5.3 Affluent millionaire per capita net worth trend analysis

4.6 Core HNWIs

4.6.1 Core HNWI volume trend analysis

4.7 Core HNWIs – Mid-Tier Millionaires

4.7.1 Mid-tier millionnaire volume trend analysis 5

4.7.2 Mid-tier millionaire wealth trend analysis

4.7.3 Mid-tier millionaire per capita net worth trend analysis

4.8 Core HNWIs – Lower-Tier Millionaires

4.8.1 Lower-tier millionaire volume trend analysis

4.8.2 Lower-tier millionaire wealth trend analysis

4.8.3 Lower-tier millionaire per capita net worth trend analysis

5 Analysis of Indonesian HNWI Investments

5.1 Analysis by Asset Class

5.1.1 Trends in alternative assets

5.1.2 Trends in ‘art, wine and wheels’

5.1.3 Trends of investment in real estate

5.1.4 Trends of investment in cash and deposits

5.1.5 Trends of investment in fixed-income

5.1.6 Trends of investment in equity

5.1.7 Trends of investment in business interests

5.2 Analysis of Foreign Investments

5.2.1 Investments in Europe

5.2.2 Investments in North America (including the US, Mexico and the Caribbean)

5.2.3 Investments in Asia-Pacific

5.2.4 Investments in Central and South America

5.2.5 Investments in the Middle East

5.2.6 Investments in Africa

5.3 Alternative Breakdown: Liquid vs Investable Assets

5.4 Analysis of Indonesian UHNWI Investments

6 Competitive Landscape of the Wealth Sector

6.1 Competitive Landscape

6.1.1 Private banks

6.1.2 Wealth managers

6.1.3 Family offices

6.1.4 Financial advisors

6.2 Developments in the Indonesian Private Banking Industry

6.3 Wealth Management and the Private Banking Industry

6.4 Indonesian Wealth Management Industry – Clientele Model and Maturity

6.5 Behavioral Mapping of Wealth Management and Private Banking in Indonesia

6.6 Porter’s Five Force Analysis – the Wealth Management Industry

7 Appendix

7.1 Additional Components of the Wealth Sector in Indonesia

7.1.1 Philanthropy

7.1.2 Demand for intergenerational wealth transfer

7.1.3 Human resource availability for the wealth management industry

7.2 Regulations on Taxes

7.3 Regulations Related to Immigration, Investment and Employment

7.4 Key Drivers

7.4.1 IDR to US$ exchange rate

7.4.2 Real GDP growth

7.4.3 Per capita GDP

7.4.4 Domestic market capitalization

7.4.5 Commodity index

7.4.6 Foreign direct investments (FDI) – inflows and outflows

7.4.7 Inflation rate

7.4.8 Interest rate

7.4.9 Balance of payments

7.4.10 Government debt

7.4.11 Stock market performance

7.5 Wealth Breakdowns

8 About WealthInsight

List of Tables

Table 1: HNWI Wealth Band and Group Definitions

Table 2: Indonesian Population Volume of Key Cities (Million), 2013

Table 3: Indonesian HNWIs – Volume Distribution (%), 2013

Table 4: Indonesian HNWIs – Wealth Distribution Wealth Pyramid (%), 2013

Table 5: Indonesian HNWIs – Industry Performance (%), 2009–2013

Table 6: Indonesian HNWIs – Populations in Cities and Percentage of HNWIs, 2013

Table 7: Indonesian HNWIs – Growth in Top Cities (Thousand), 2009–2013

Table 8: Indonesian HNWIs – Population Density in Major Cities (Thousand), 2013

Table 9: Indonesian HNWIs Population in Top Cities (Thousand), 2009–2018

Table 10: Indonesian HNWIs – Growth Rates for Top Cities (%), 2009–2018

Table 11: Indonesian HNWIs – Population by State (Thousand), 2013

Table 12: Indonesian HNWIs – Population and State Growth Data, (%) 2009–2013

Table 13: Indonesian HNWIs – Population Density by State (%), 2013

Table 14: Indonesian UHNWIs – Gender Performance, 2009–2013

Table 15: Indonesian UHNWIs – Sources of Wealth (%), 2013

Table 16: Indonesian UHNWIs in Top Cities (Thousand), 2009–2018

Table 17: Indonesian UHNWIs Growth Rates for Top Cities (Thousand), 2009–2018

Table 18: Indonesian Billionaires – Market Overview (US$ Billion) 2009–2018

Table 19: Indonesian Top-10 Billionaires (US$ Billion), 2013

Table 20: Indonesian Billionaire Wealth Growth (US$), 2009−2013

Table 21: Indonesian Centimillionaires – Market Overview (US$), 2009–2018

Table 22: Indonesian Affluent Millionaires – Market Overview (US$), 2009–2018

Table 23: Indonesian Mid-Tier Millionaires – Market Overview (US$), 2009–2018

Table 24: Indonesian Lower-Tier Millionaires – Market Overview (US$), 2009–2018

Table 25: Indonesian Allocations of HNWI Assets (%), 2009–2018

Table 26: Indonesian HNWIs − Holdings Growth (%), 2009–2018

Table 27: Indonesian HNWIs – Alternative Asset Composition (%), 2009–2018

Table 28: Indonesian HNWIs – Trends of Investments in Alternative Assets (%), 2009–2018

Table 29: Indonesian Trends in ‘Art, Wine and Wheels’, 2009–2013

Table 30: Global Prime Real Estate Prices per m2 (US$), 2014

Table 31: Indonesian HNWIs – Percentage of Foreign Investment Allocations (%), 2009–2018

Table 32: Indonesian HNWIs – Liquidity Breakdown (US$ Billion), 2009–2018

Table 33: Indonesian HNWIs – Liquidity Breakdown (%), 2009–2018

Table 34: Indonesian UHNWIs – Allocations and Share of HNWI Assets, 2013

Table 35: Indonesian Leading Domestic Private Banks, 2013

Table 36: Indonesian Leading Foreign Private Banks, 2013

Table 37: Indonesian Wealth Managers, 2013

Table 39: Indonesian Wealth Management Industry – Recent Deal Activity, 2013

Table 40: Indonesian Income Tax Bands (IDR), 2012–2013

Table 41: Indonesian Exchange Rate – IDR to US$, 2009–2018

Table 42: Indonesian Real GDP Growth (%), 2009–2018

Table 43: Indonesian GDP Per Capita (US$), 2009–2018

Table 44: Indonesian Domestic Market Capitalization (US$ Billion), 2009–2013

Table 45: Indonesian Commodity Indices, 2009–2018

Table 46: Indonesian Foreign Direct Investments (US$ Billion), 2009–2018

Table 47: Indonesian Inflation Rate (%), 2009–2018

Table 48: Indonesian Money Market Rate (%), 2009–2018

Table 49: Indonesian Balance of Payments (US$ Billion), 2009–2013

Table 50: Indonesian Government Debt as a Percentage of GDP (%), 2009–2018

Table 51: Indonesian Stock Market Performance (Index), 2009–2013

Table 52: Indonesian HNWI Wealth vs GDP Ratio (%), 2009–2018

Table 53: Indonesia – Appendix One

Table 54: Indonesia – Appendix Two

List of Figures

Figure 1: HNWI Wealth Band Definitions

Figure 2: Map of Indonesia

Figure 3: Indonesian Asset Price Performance (US$), 2009–2013

Figure 4: Indonesian HNWI Performance, (US$), 2009–2018

Figure 5: Indonesian vs Global HNWIs in Terms of Volume and GDP per Capita Growth (US$), 2009–2013

Figure 6: Indonesian HNWIs – Growth Factor Correlation (Index), 2009–2013

Figure 7: Indonesian HNWIs – Volume Distribution Wealth Pyramid (%), 2013

Figure 8: Indonesian HNWIs – Wealth Distribution Wealth Pyramid (%), 2013

Figure 9: Indonesian HNWIs – Age Distribution, 2013

Figure 10: Indonesian HNWIs – Job Titles, 2009–2013

Figure 11: Indonesian HNWIs – Distribution by Industry (%), 2013

Figure 12: Indonesian HNWIs – City Performance (Thousand), 2009–2013

Figure 13: Indonesian HNWIs – City Population Volumes (Thousand), 2009–2013

Figure 14: Indonesian HNWIs – City Forecasts (Thousand), 2014–2018 3

Figure 15: Indonesian HNWIs – City Population Volumes (Thousand), 2014–2018

Figure 16: Indonesian UHNWIs – Wealth Share vs Volume Growth (%), 2009–2013

Figure 17: Indonesian UHNWIs – Volume by Wealth Band (Thousand), 2009–2018

Figure 18: Indonesian UHNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018

Figure 19: Indonesian UHNWIs – Age Distribution (Percentage Share), 2013

Figure 20: Indonesian UHNWIs – Distribution by Industry, 2013

Figure 21: Indonesian Billionaires – Market Overview (US$), 2009–2018

Figure 22: Indonesian Centimillionaires – Market Overview (US$), 2009–2018

Figure 23: Indonesian Affluent Millionaires – Market Overview (US$), 2009–2018

Figure 24: Indonesian Mid-Tier Millionaires – Market Overview (US$), 2009–2018

Figure 25: Indonesian Lower-Tier Millionaires – Market Overview (US$), 2009–2018

Figure 26: Indonesian HNWIs – Asset Class Composition (%), 2009–2018

Figure 27: Indonesian HNWIs – Trends in Alternative Assets (US$ Billion), 2009–2018

Figure 28: Indonesian Trends in ‘Art, Wine and Wheels’, 2009–2013

Figure 29: Indonesian HNWIs – Foreign Investment Allocation and Growth (%), 2013

Figure 30: Indonesian HNWIs – Global Distribution of Foreign Investments (%), 2009–2018

Figure 31: Indonesian HNWIs – Liquidity Breakdown (%), 2009–2018

Figure 32: Indonesian UHNWIs – Asset Class Composition (%), 2009–2018

Figure 33: Indonesian Wealth Management Industry – Maturity Level of Operators

Figure 34: Indonesian Wealth Management Industry – Behavioral Mapping, 2013

Figure 35: Indonesian Wealth Management Industry – Five Forces Analysis

Figure 36: Indonesian Exchange Rate – IDR to US$, 2009–2018

Figure 37: Indonesian Real GDP Growth (%), 2009–2018

Figure 38: Indonesian GDP Per Capita (US$), 2009–2018

Figure 39: Indonesian Domestic Market Capitalization (US$ Billion), 2009–2013

Figure 40: Indonesian Commodity Indices, 2009–2018

Figure 41: Indonesian Foreign Direct Investments (US$ Billion), 2009–2018

Figure 42: Indonesian Inflation Rate (%), 2009–2018

Figure 43: Indonesian Money Market Rate (%), 2009–2018

Figure 44: Indonesian Balance of Payments (US$ Billion), 2009–2013

Figure 45: Indonesian Government Debt as a Percentage of GDP (%), 2009–2018

Figure 46: Indonesian Stock Market Performance (Index), 2009–2013

Figure 47: Indonesian HNWI Wealth vs GDP Ratio (%), 2009–2018

Figure 48: Indonesian HNWIs – Volume by Wealth Band, 2009–2018

Figure 49: Indonesian HNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018

Figure 50: Indonesian HNWIs – Wealth per Capita (US$ Million), 2009–2018

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