NEW YORK, Oct. 22, 2012 — /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue: Offshore Centres: 2012 Private Banking Handbook http://www.reportlinker.com/p01017503/Offshore-Centres-2012-Private-Banking-Handbook.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Private_Banking Synopsis This report is the result of WealthInsight’s extensive research covering the global wealth management market. Summary This report reviews major offshore financial centers and assesses each of their wealth management capabilities. “Wealth management” is defined as the provision of banking services to wealthy individuals and their families. It generally involves the management of trusts, inheritance and the allocation of client funds. Scope The report features: • Offshore centres ranked by wealth management AuM • Detailed profiles on 18 offshore wealth management centres • Leading private banks, family offices and wealth managers in each offshore centre and country wise regulations • Details of the development, challenges and opportunities of the Wealth Management sector in each centre • Selected city wise ratings of wealth management saturation and potential • Case Studies on Chinese offshore wealth, UK non-dom wealth and the global clientele model • Detailed wealth management and family office information 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 profiles on major private banks, wealth managers and family offices in each country. • The WealthInsight Intelligence Center Database also includes up to one hundred data-points on over 100,000 HNWIs from around the world. • With the Database 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. Key Highlights • The global private banking industry has AuM of US$19.3 trillion. Offshore centers account for 42% or US$8.3 trillion on this total. • Switzerland is the largest worldwide player with AuM of US$2.8 trillion. The bulk (over 80%) of funds held in Switzerland are held for foreign clients. • Singapore is the fastest growing wealth center in the world with AuM of US$550 billion at the end of 2011 compared to US$50 billion in 2000. • WealthInsight expects Singapore to overtake Switzerland by 2020 to become the largest global offshore wealth center by AuM. This will be fuelled by a movement of funds away from Switzerland, Luxemburg and the Caribbean and towards Singapore. Furthermore, high growth in HNWIs in APAC countries such as China, India and Indonesia, which are among the largest investors in Singapore, will further boost AuM. • China’s private banking AuM accounts for only 1% of total Chinese HNWI wealth in 2011, which is well below the worldwide average of 29% (worldwide private banking AuM stood at US$19.3 trillion at the end of 2011 compared to worldwide HNWI wealth of US$66 trillion). Companies Mentioned UBS Credit Suisse Pictet & Cie. Julius Baer Lombard Odier Clariden Leu EFG International Banca Della Union Bancaire Sarasin Zurcher Vontobel St Galler Wegelin & Co. Dreyfus Sohne & Cie. Scobag Mirabaud & Cie Jacob Safra Falcon Syz & Co. HSBC Credit Agricole Coutts BNP Deutsche JP Morgan SG LGT Citibank ABN Amro Santander Rothschild Bank of America Merrill Lynch Barclays Wealth Goldman Sachs Morgan Stanley Table of Contents Introduction 1.1 What is this Report About? 1.2 Definitions 2 Summary 3 The Bahamas 3.1 Competitive Landscape of the Wealth Sector 3.1.1 Private banks 3.1.2 Wealth managers 3.1.3 Family offices 3.2 Regulations in the Bahamas 3.2.1 Regulatory bodies 3.2.2 Exchange controls 3.2.3 Banking regulations 3.2.4 Regulations on Taxes 3.2.5 Regulations on wealth management and private banking 3.2.6 Regulations related to immigration, investment and employment 4 Bermuda 4.1 Competitive Landscape of the Wealth Sector 4.2 Leading Players in the Bermudian Wealth Management and Private Banking Industry 4.2.1 Private banks 4.2.2 Wealth managers 4.2.3 Family offices 4.2.4 Financial service review 4.3 Regulatory Bodies 4.4 Banking Regulations 4.5 Regulations on Taxes 4.6 Regulations on Wealth Management and Private Banking 4.7 Regulations Related to Immigration, Investment and Employment 5 British Virgin Islands 5.1 Competitive Landscape of the Wealth Sector 5.2 Leading Players in the British Virgin Island Wealth Management and Private Banking Industry 5.2.1 Private Banks 5.2.2 Wealth managers 5.2.3 Family offices 5.3 Regulatory Bodies 5.4 Banking Regulations 5.5 Regulations on Taxes 5.6 Regulations on Wealth Management and Private Banking 5.7 Regulations Related to Immigration, investment and Employment 6 Cayman Islands 6.1 Competitive Landscape of the Wealth Sector 6.2 Leading Players in the Cayman Island Wealth Management and Private Banking Industry 6.2.1 Private banks 6.2.2 Wealth managers 6.3 Regulatory Bodies 6.4 Banking Regulations 6.5 Regulations on Taxes 6.6 Regulations on Wealth Management and Private Banking 6.7 Regulations Related to Immigration, Investment and Employment 7 Cyprus 7.1 Competitive Landscape of the Wealth Sector 7.2 Leading Players in Cyprus Wealth Management and Private Banking Industry 7.2.1 Private banks 7.2.2 Wealth managers 7.2.3 Family offices 7.3 Regulatory Bodies 7.4 Banking Regulations 7.5 Regulations on Taxes 7.6 Regulations on Wealth Management and Private Banking 7.7 Regulations Related to Immigration, Investment and Employment 8 Guernsey 8.1 Competitive Landscape of the Wealth Sector 8.2 Leading Players in Guernsey Wealth Management and Private Banking Industry 8.2.1 Private banks 8.2.2 Wealth managers 8.2.3 Family offices 8.3 Regulatory Bodies 8.4 Banking Regulations 8.5 Regulations on Taxes 8.6 Regulations on Wealth Management and Private Banking 9 Hong Kong 9.1 Competitive Structure 9.1.1 Wealth management and private banking industry – competitive structure 9.1.2 Multinational corporations 9.1.3 Chinese banks 9.1.4 Local Hong Kong banks 9.1.5 Wealth managers 9.1.6 Private banks 9.1.7 Joint ventures 9.1.8 Boutique and independent financial advisors 9.1.9 Trusts 9.2 Family Offices 9.2.1 Hybrid family offices 9.2.2 Multi-family offices 9.2.3 Single-family offices 9.3 Leading Companies in the Wealth Management and Private Banking Industry 9.4 Pertinent Regulations 9.4.1 Regulations on banks 9.4.2 Regulations on foreign banks 9.4.3 Regulations on real estate 9.4.4 Regulations on foreign investment 9.4.5 Regulations on capital investment 9.4.6 Regulations on leverage buyouts and M&A 9.4.7 Regulations on hedge funds and derivatives 9.4.8 Regulations related to taxes 9.5 Offshore Wealth Management and Private Banking Industry 10 Isle of Man 10.1 Competitive Landscape of the Wealth Sector 10.2 Leading Players in the Isle of Man Wealth Management and Private Banking Industry 10.2.1 Private banks 10.2.2 Wealth managers 10.2.3 Family offices 10.3 Regulatory Bodies 10.4 Banking Regulations 10.5 Regulations on Taxes 10.6 Regulations on Wealth Management and Private Banking 10.7 Regulations Related to Immigration, Investment and Employment 11 Jersey 11.1 Competitive Landscape of the Wealth Sector 11.2 Leading Players in Jersey Wealth Management and Private Banking Industry 11.2.1 Private banks 11.2.2 Wealth managers 11.2.3 Family offices 11.3 Regulatory Bodies 11.4 Banking Regulations 11.5 Regulations on Taxes 11.6 Regulations on Wealth Management and Private Banking 11.7 Regulations Related to Immigration, Investment and Employment 12 Liechtenstein 12.1 Competitive Landscape of the Wealth Sector 12.2 Leading Players in the Liechtenstein Wealth Management and Private Banking Industry 12.2.1 Private banks 12.2.2 Wealth managers 12.2.3 Family offices 12.2.4 Financial service review 12.3 Regulatory Body 12.4 Banking Regulations 12.5 Regulations on Taxes 12.6 Regulations on Wealth Management and Private Banking 12.7 Regulations Related to Immigration, Investment and Employment 13 Luxembourg 13.1 Competitive Landscape of the Wealth Sector 13.2 Leading Players in the Luxembourg Wealth Management and Private Banking Industry 13.2.1 Private banks 13.2.2 Wealth managers 13.2.3 Family offices 13.2.4 Financial service review 13.3 Regulatory Bodies 13.4 Banking Regulations 13.5 Regulations on Taxes 13.6 Regulations on Wealth Management and Private Banking 13.7 Regulations Related to Immigration, Investment and Employment 14 Mauritius 14.1 Competitive Landscape of the Wealth Sector 14.2 Leading Players in the Mauritius Wealth Management and Private Banking Industry 14.2.1 Private banks 14.2.2 Wealth managers 14.2.3 Financial service review 14.3 Regulatory Bodies 14.4 Banking Regulations 14.5 Regulations on Taxes 14.6 Regulations on Wealth Management and Private Banking 14.7 Regulations Related to Immigration, Investment and Employment 15 Monaco 15.1 Competitive Landscape of the Wealth Sector 15.2 Leading Players in the Monaco Wealth Management and Private Banking Industry 15.2.1 Private banks 15.2.2 Wealth managers 15.2.3 Family Offices 15.2.4 Financial service review 15.3 Regulatory Bodies 15.4 Banking Regulations 15.5 Regulations on Taxes 15.6 Regulations on Wealth Management and Private Banking in Monaco 15.7 Regulations Related to Immigration, Investment and Employment 16 New Zealand 16.1 Competitive Landscape of the Wealth Sector 16.2 Leading Players in the New Zealand Wealth Management and Private Banking Industry 16.2.1 Private banks 16.2.2 Wealth managers 16.2.3 Family offices 16.3 Regulatory Bodies 16.4 Banking Regulations 16.5 Regulations on Taxes 16.6 Regulations on Wealth Management and Private Banking 16.7 Regulations Related to Immigration, Investment and Employment 17 Panama 17.1 Competitive Landscape of the Wealth Sector 17.2 Leading Players in the Panama Wealth Management and Private Banking Industry 17.2.1 Private banks 17.2.2 Wealth managers 17.3 Regulatory Bodies 17.4 Banking Regulations 17.5 Regulations on Taxes 17.6 Regulations on Wealth Management and Private Banking 17.7 Regulations Related to Immigration, Investment and Employment 18 Singapore 18.1 Competitive Structure 18.1.1 Wealth management and private banking industry – competitive structure 18.1.2 Multinational banks 18.1.3 Local banks 18.1.4 Wealth managers 18.1.5 Private banks 18.1.6 Mergers and joint ventures 18.1.7 Boutique and independent financial advisors 18.1.8 Private trusts 18.2 Family Offices 18.2.1 Multi-family offices 18.2.2 Single-family offices 18.3 Leading Companies in the Wealth Management and Private Banking Industry 18.4 Singapore: An International Offshore Hub 18.5 Pertinent Regulations 18.5.1 Regulations on banks 18.5.2 Regulations related to Islamic banking 18.5.3 Regulations related to capital requirements on banks 18.5.4 Regulations related to taxes 18.5.5 Regulations related to taxes on capital gains 18.5.6 Regulations related to taxes on start-ups 18.5.7 Regulations related to taxes on fund management activities 18.5.8 Regulations related to fund management 18.5.9 Regulations related to real estate 18.5.10 Regulations related to the real estate business of a bank 18.5.11 Regulations related to foreign investment 18.5.12 Regulations related to capital investment 18.5.13 Regulations related to private equity (PE) and venture capital investment (VC) 18.5.14 Regulations related to hedge funds and fund management 18.5.15 Regulations related to hedge fund subscription requirement 18.5.16 Regulations related to investment and employment in Singapore 19 Switzerland 19.1 Competitive Landscape 19.1.1 Local private banks 19.1.2 Foreign private banks 19.1.3 Wealth managers 19.1.4 Wealth management in each city 19.1.5 Family offices 19.1.6 Financial advisors 19.2 Developments in the Swiss Private Banking Industry 19.3 Case Study: Global Top 10 Private Banks 19.4 Additional Components to the Wealth Sector in Switzerland 19.4.1 Philanthropy 19.4.2 Intergenerational wealth transfer 19.5 Regulatory Environment in Switzerland 19.5.1 Regulations on taxes 19.5.2 Banking regulations 19.5.3 Investment, employment and immigration 20 United Arab Emirates 20.1 Competitive Landscape of the Wealth Sector 20.2 Leading Players in the UAE Wealth Management and Private Banking Industry 20.2.1 Private banks 20.2.2 Wealth managers 20.2.3 Family offices 20.3 Regulatory Bodies 20.4 Banking Regulations 20.5 Regulations on Taxes 20.6 Regulations on Wealth Management and Private Banking in UAE 20.7 Regulations Related to Immigration, Investment and Employment 21 United Kingdom 21.1 Leading Companies in the Wealth Management and Private Banking Industry 21.1.1 Private banks and wealth managers 21.1.2 Family offices 21.2 Developments in the UK Private Banking Industry 21.3 Cities, Counties and Regions 21.4 Education 196 21.5 Philanthropy 197 21.6 Demand for Intergenerational Wealth Transfer and Younger Clientele 197 21.7 Regulatory Environment in the UK 198 21.7.1 Regulations on Non-domiciled Residents 198 21.7.2 Banking Regulations 199 21.7.3 Regulations on Taxes 200 21.7.4 Regulations on Fund Management 201 21.7.5 Regulations on Foreign Investment 201 21.7.6 Regulations on Real Estate 201 21.7.7 Regulations on foreign investment in real estate 202 21.7.8 Regulations on wealth management and private banking 202 21.7.9 Regulations related to investment and employment 202 22 The Wealth Sector – Clientele Model 203 23 Case Study: Chinese Offshore Wealth 204 24 Case Study: Non-Domiciled UK Wealth 207 24.1 Non-domiciled UHNWI Volume Growth 208 24.2 Non-domiciled Billionaires in the UK 209 25 About WealthInsight 210 List of Tables Table 1: HNWI Wealth Band and Group Definitions Table 2: Global: Offshore Centers by AuM, In US$ Billions, 2011 Table 3: Global: Major Countries by AuM, in US$ Billions, 2011 Table 4: Global: AuM Compared to HNWI Wealth per Major Country, in US$ Billions, 2011 Table 5: Global: Other Countries by AuM, in US$ Billions, 2011 Table 6: The Bahamas: Regional Data, 2011 Table 7: The Bahamas: Wealth Managers Table 8: The Bahamas: Emerging Cities in Wealth Management Table 9: The Bahamas: Capital Requirements for Banks in under Public Category Table 10: The Bahamas: Capital Requirements for Banks in under Restricted Category Table 11: The Bahamas: Owner Occupied Property Tax Rate Table 12: The Bahamas: Other Property Tax Rate Table 13: Bermuda: Regional Data Table 14: Bermuda: Wealth Managers Table 15: Bermuda: Emerging Cities in Wealth Management Table 16: Bermuda: Payroll Tax Rates for 2012 Table 17: Bermuda: Exempted Companies, 2012 Table 18: Bermuda: Local Companies, 2012 Table 19: Bermuda: Inheritance Tax Bracket, 2012 Table 20: British Virgin Islands: Regional Data Table 21: British Virgin Islands: Wealth Managers Table 22: Cayman Islands: Regional Data Table 23: Cayman Islands: Emerging Cities in Wealth Management Table 24: Cayman Islands: Wealth Managers Table 25: Cayman Islands: Business License and Fees for 2012 Table 26: Cyprus: Regional Data Table 27: Cyprus: Wealth Managers Table 28: Cyprus: Emerging Cities in Wealth Management Table 29: Cyprus: Income Tax Structure for 2012 Table 30: Guernsey: Regional Data Table 31: Guernsey: Wealth Managers Table 32: Guernsey: Emerging Cities in Wealth Management Table 33: Hong Kong: Regional Data, 2011 Table 34: Hong Kong: Main Companies in the Hong Kong Wealth Management Industry Table 35: Hong Kong: Main Companies in the Hong Kong Wealth Management Industry Table 36: Isle of Man: Regional Data Table 37: Isle of Man: Wealth Managers Table 38: Isle of Man: Emerging Cities in Wealth Management Table 39: Isle of Man: Income Tax Rates, 2012 Table 40: Jersey: Regional Data Table 41: Jersey: Wealth Managers Table 42: Liechtenstein: Regional Data Table 43: Liechtenstein: UHNWIs – Private Banks Assets, in US$ Millions, 2011 Table 44: Liechtenstein: Wealth Managers Table 45: Liechtenstein: Emerging Cities in Wealth Management Table 46: Liechtenstein: Income Tax Rates, 2012 Table 47: Luxembourg: Regional Data, 2011 Table 48: Luxembourg: Top Private Banks ranked by their AuM, 2011 Table 49: Luxembourg: Wealth Managers Table 50: Luxembourg: Emerging Cities in Wealth Management Table 51: Luxembourg: Income Tax Rates, 2012 Table 52: Mauritius: Regional Data Table 53: Mauritius: Wealth Managers Table 54: Mauritius: Emerging Cities in Wealth Management Table 55: Mauritius: Income Tax Exemptions Table 56: Monaco: Regional Data Table 57: Monaco: Wealth Managers Table 58: Monaco: Emerging Cities in Wealth Management Table 59: New Zealand: Regional Data, 2011 Table 60: New Zealand: Wealth Managers Table 61: New Zealand: Emerging Cities in Wealth Management Table 62: New Zealand: Income Tax Brackets in New Zealand, in NZD, 2012 Table 63: Panama: Regional Data, 2011 Table 64: Panama: Wealth Managers Table 65: Panama: Emerging cities in Wealth Management Table 66: Panama: Income Tax Rates for Individuals, 2012 Table 67: Panama: Property Tax Rates for Individuals, 2012 Table 68: Singapore: Regional Data, 2011 Table 69: Singapore: Major Companies in the Wealth Management Industry Table 70: Switzerland: Regional Data, 2011 Table 71: Switzerland: Top 20 Swiss Private Banks by AuM, 2011 Table 72: Switzerland: Private Banks by Number of Branches and Head Office, 2011 Table 73: Switzerland: Private Bank Branches by City, 2011 Table 74: Switzerland: Top Foreign Private Banks by Swiss AuM, in US$ Billion, 2011 Table 75: Switzerland: Wealth Management Companies by City, 2011 Table 76: Switzerland: Wealth Management companies by City, 2011 Table 77: Switzerland: Asset Allocation of Typical European Single Family Office, 2011 Table 78: Switzerland: Single and Multi-Family Offices Table 79: Switzerland: Wealth Management Industry – Recent Deal Activity Table 80: Global: Top 10 Private Banks by Global AuM and New Money, 2011 Table 81: United Arab Emirates: Regional Data, 2011 Table 82: United Arab Emirates: Wealth Managers Table 83: United Arab Emirates: Emerging Cities in Wealth Management Table 84: UK: Regional Data, 2011 Table 85: UK: Major Companies in the Wealth Management Industry Table 86: UK: Major Cities in Wealth Management Table 87: UK: Potential Cities for Wealth Management Table 88: UK: Major Multi-Family Offices Table 89: UK: Major Single-Family Offices Table 90: UK: UHNWIs – Recent Deal Activity, in US$ Millions, 2010-2011 Table 91: UK: 10 Largest Cities by Population and Number of UHNWIs List of Figures Figure 1: HNWI Wealth Band Definitions Figure 2: The Bahamas: Map of the Country Figure 3: Bermuda: Map of the Country Figure 4: British Virgin Islands: Map of the Country Figure 5: Cayman Islands: Map of the Country Figure 6: Cyprus: Map of the Country Figure 7: Guernsey: Map of the Country Figure 8: Hong Kong: Map of Country Figure 9: Isle of Man: Map of the Country Figure 10: Jersey: Map of the Country Figure 11: Liechtenstein: Map of the Country Figure 12: Luxembourg: Map of the Country Figure 13: Mauritius: Map of the Country Figure 14: Monaco: Map of the Country Figure 15: New Zealand: Map of the Country Figure 16: Panama: Map of the Country Figure 17: Singapore: Map of the Country Figure 18: Switzerland: Map of the Country Figure 19: United Arab Emirates: Map of the Country Figure 20: UK: Map of the Country Figure 21: Wealth Management Industry – Maturity Level Of Players Figure 22: UK: Non-domiciled UHNWIs – Country-wise Share, 2011 Figure 23: UK: Non-domiciled UHNWIs – Volume Growth, 2007–2011 Figure 24: UK: Non-domiciled Billionaires – Country-wise Share, 2011

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