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Data Alert: Australia – Third Largest Private Banking Market in the Region

10 September 2009

Capgemini and Merrill Lynch in its 2009 World Wealth Report revealed that Australia has the third largest number of high net worth individuals (HNWIs) in the Asia-Pacific region. Strategically, Australia offers a competitive regional location for providing wealth management services. Australia is distinguished by the strength and resilience of its economy, the size, depth and liquidity of its financial markets and the sophisticated and innovative nature of its funds management sector, underpinned by our mandatory retirement income policy. This, together with an open, transparent, best practice regulatory environment, favourable changes in taxation system and skilled multilingual financial professionals, makes Australia an attractive destination for investment.

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