Private wealth growth in Oman saw serious growth in 2016 (8%), with private wealth expected to reach approximately US$300bn in the next five years, with multiple private banks, both domestic and international, competing for the wealth.
With a range of banks competing in Omen, the market has become saturated, with many clients working with at least two private banks in Oman, and many working with banks in Dubai and other regions in the Middle East. Private banks now have to find unique ways to acquire and maintain their clients in the face of heated competition in Omen, according to The Dragon Banker’s survey on the market. In Oman, the growth of private wealth was driven primarily by equities. In 2016, the amount of wealth held in equities increased by 11.7%, in comparison to cash and deposits at 6.1% and bonds at 2.1%. Real estate and exotic investments have also seen an increase, mostly in Europe and North America, according to the survey.
Who should invest in this report?
The Dragon Banker’s The Wealth Management in Malaysia 2017 report is designed for the following decision makers:
1. International banks who are planning on penetrating Malaysia’s wealth management market.
2. Wealth management IT firms who are attempting to sell their software and hardware to Malaysian banks.
3. Domestic Malaysian banks who are seeking to understand the market on a greater level and benchmark their capabilities with foreign banks and their domestic competitors.
4. Private wealth management firms who are seeking to gain a comprehensive view of Malaysia’s HNWI mindset and the country’s competitive landscape.
Table of Contents
1. Introduction of The Dragon Banker and Middle East private banking research
2. The Dragon Banker’s research methodology
3. HNWI’s opportunities in Oman
4. The current state of the private banking market in Oman
5. Current Insights into the Drivers of Oman’s HNWIs’ Wealth
6. Note on Regulations Impacting Oman’s private banking Sector
7. The Psychological and Behaviour Makeup of The Oman’s HNWIs
8. Market Sizing of Oman’s HNWI
9. Growth Challenges for Banks in Oman’s Wealth Management Industry
10. Business and wealth succession in Oman, and the best to worst banks
11. The number of HNWI in Oman and projections to year 2020
12. The number of UHNWI in Oman and projections to year 2020
13. Current Competition and benchmarking Amongst Banks for HNWI Clients and SWOT
National Bank of Oman
Alliance Housing Bank
Al Madina Financial & Investment Services
L. Other key wealth management firms in Oman
14. How to leverage The Dragon Banker for IT firms and Financial