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December 10, 2021

UBS expands alliance with iCapital Network to Switzerland and Asia

By Verdict Staff

UBS Global Wealth Management (UBS GWM) has expanded its existing alliance with iCapital Network to augment the information and analytics on clients’ private market investments in Switzerland and Asia.

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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 expanded tie-up will see UBS GWM leveraging iCapital’s technology and solutions to digitise and automate the full lifecycle of private market investments for both UBS advisers and their high-net-worth (HNW) clients.

The two companies also aim to cut down operational difficulties and several manual, paper-based transaction processes related to investment in private equity, private debt, and real assets.

Currently, global HNWI wealth is said to be approaching $80 trillion while global market for alternative investments estimated at more than $10.7 trillion.

UBS GWM head of CIO Global Investment Mandates Bruno Marxer said: “The seamless integration of iCapital’s platform into our advisors’ systems reinforces our strategic focus on private markets and improves efficiency and access to information.

“This is a further step in making UBS not only the best but also the most convenient wealth manager for clients to work with.”

UBS’ began its strategic partnership with iCapital in 2017 following its investment in the financial technology firm.

This deal enlisted iCapital’s technology and solutions to digitalise access in private markets for the Swiss bank’s US-based wealth advisors and clients.

iCapital Network head of International Marco Bizzozero called the latest development ‘a key milestone in iCapital’s expansion strategy in Europe and Asia’.

iCapital Network CEO and chairman Lawrence Calcano added: “We are delighted to expand our partnership with UBS.

“iCapital offers comprehensive and sophisticated technology solutions while being mindful of the unique regulatory challenges of the global marketplace to ensure clients can conveniently access alternative investing opportunities to diversify and potentially enhance long-term portfolio returns.”

Earlier this year, iCapital raised $440m at $4bn valuation to enhance its platform technology and expand strategies and product types on alternative investment menu.

The round was led by Temasek with participation from investors including UBS.

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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