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July 15, 2013updated 04 Apr 2017 3:03pm

Bennelong Group to foray into Australian wealth management market

Australia-based Bennelong Group, owner of Bennelong Funds Management, has revealed plans to launch a new wealth management and advisory strategy arm, with the acquisition of a controlling stake in a Melbourne-based wealth management and advisory firm, Carnbrea & Co.

By Verdict Staff

Australia-based Bennelong Group, owner of Bennelong Funds Management, has revealed plans to launch a new wealth management and advisory strategy arm, with the acquisition of a controlling stake in a Melbourne-based wealth management and advisory firm, Carnbrea & Co.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The group has appointed former JB Were executive Fiona Rowland to head its new wealth management business as well as lead the activities of the Bennelong Group’s philanthropic arm, the Bennelong Foundation.

The new business will target specifically at providing products and services to high net worth and ultra-high net worth investors.

Bennelong intends to grow the new division through acquisition and client adviser recruitment.

Rowland joins Bennelong following 12 years in senior executive roles with ANZ, UBS and JBWere after working as a corporate and funds management lawyer at Minter Ellison.

The wealth management and funds management arms of the business will be run as separate entities under the Bennelong banner.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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