'Private Banking in Australia' published 18 June 2010 A comprehensive report, ‘Private Banking in Australia’, has just been published by Austrade’s Financial Services division. Private banking is an important part of the financial services industry in Australia. This sector has benefited from almost twenty years of sustained economic growth to become the eleventh largest in the world. Australia’s private wealth market is also the third largest in Asia-Pacific. This region is experiencing unprecedented growth and its collective financial wealth is predicted to surpass that of North America by 2013 and be worth US$13.5 trillion, accounting for 28 per cent of the world's total. While Australia has a relatively small population at 22 million, the country’s pool of affluent individuals (with an average wealth of US$2.94 million) is around 30 per cent bigger than that of Singapore and Hong Kong combined, and 54 per cent larger than that of India. Among the subjects covered in ‘Private Banking in Australia’ are: - Private Wealth Globally
- Private Wealth in Asia-Pacific
- Private Wealth in Australia, including High Net Worth Individuals, Wealth Creation in Australia, and Superannuation and High Net Worth Individuals
- Private Banking in Australia, including Participants in Australia's Private Banking industry; and
- The Regulatory Environment, Framework, Authorisation and Licensing.
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