Asia-Pacific Poised to Become Largest Wealth Market as Early as 2014

     Asia-Pacific Poised to Become Largest Wealth Market as Early as 2014

PR Newswire

SINGAPORE, HONG KONG, Sept. 25, 2013

Five-Year Trend Shows High Net Worth Population and Wealth Growth in
Asia-Pacific Far Outpacing Other Regions

SINGAPORE, HONG KONG, Sept. 25, 2013 /PRNewswire/ - The population and wealth
of Asia-Pacific's high net worth individuals (HNWIs^1) increased at double and
triple the rates of HNWIs in the rest of world over the last five years
(2007-2012), finds the Asia-Pacific Wealth Report 2013 (APWR), published today
by Capgemini and RBC Wealth Management. Asia-Pacific built on this trend of
strong performance in 2012, its HNWI population expanding by 9.4 percent to
reach 3.68 million and their wealth by 12.2 percent to reach US$12 trillion,
contributing to record high levels of global HNWI wealth.

(Photo: http://photos.prnewswire.com/prnh/20130925/MM85755-INFO)

North America edged  out Asia-Pacific  as the  largest wealth  market by  HNWI 
population, growing by 11.5 percent to reach 3.73 million. However, the report
notes that  Asia-Pacific is  expected to  reclaim  the top  spot in  the  near 
future, driven by strong projected HNWI wealth growth at 9.8 percent  annually 
to reach an anticipated US$15.9 trillion by 2015.

"The Asia-Pacific market  is clearly one  to watch. Its  leadership in  global 
high net worth wealth growth positions it to become the largest wealth  market 
by population as early as 2014," said M. George Lewis, Group Head, RBC  Wealth 
Management & RBC Insurance.  "Asia-Pacific's robust growth  in 2012 builds  on 
over five  years of  consistent outperformance.  The region's  high net  worth 
population and wealth has increased by 31 percent and 27 percent  respectively 
since 2007, far outpacing growth  in the rest of the  world of 14 percent  and 
nine percent."

Added Jean Lassignardie, Chief Sales  and Marketing Officer, Capgemini  Global 
Financial Services: "GDP growth of 5.5 percent, which is more than double  the 
global average,  combined with  strong equity  market performance  across  the 
region and strong real estate market performance in some markets, drove robust
growth in Asia-Pacific's HNWI population and  wealth in 2012. This GDP  growth 
rate is projected to drive Asia-Pacific's growth in HNWI population and wealth
through 2014."

Distinct trends reflected across Asia-Pacific and compared to rest of world
While all  Asia-Pacific markets  expanded  in 2012,  varying rates  of  growth 
across countries within the region  reflect unique economic policies, pace  of 
reform, regulatory developments, and investor preferences and behaviors.

Hong Kong and India experienced the most significant gains in HNWI  population 
and wealth  in  2012, following  steep  declines  in 2011.  Hong  Kong's  HNWI 
population grew  by 35.7  percent  and their  wealth  by 37.2  percent,  while 
India's population grew by 22.2 percent and their wealth by 23.4 percent.

Japan and Taiwan were the only markets to experience single-digit increases in
HNWI population, though both still showed steady growth at 4.4 percent and 7.0
percent respectively.  Growth in  Asia-Pacific's Ultra-HNWI  population^2  and 
wealth, at 15.4  percent and 17.8  percent, was the  highest among all  wealth 
bands. It significantly exceeded gains made by Ultra-HNWIs in the rest of  the 
world, who expanded in number by 9.7 percent and wealth by 9.4 percent.

Survey: Asia-Pacific HNWIs highly confident  in industry, ability to  generate 
future wealth
Asia-Pacific's HNWIs are  highly confident in  the wealth management  industry 
overall and their ability to generate wealth in the near future.

According to this year's new Global HNW Insights Survey^3 with responses  from 
nearly 1,400 HNWIs in Australia, China, Hong Kong, India, Japan, and Singapore
(and over 4,400 HNWIs in total),  almost 80 percent of HNWIs in  Asia-Pacific 
(excluding Japan)^4 highly trust their wealth managers and firms, compared  to 
about two-thirds of  HNWIs in the  rest of world.  Additionally, 69.4  percent 
have high  confidence in  financial markets  and 72.2  percent in  regulators, 
compared to just  44.6 percent  and 38.3 percent  of HNWIs  in other  regions. 
HNWIs in India and China have the highest trust levels, followed, in order, by
those in  Singapore,  Hong  Kong,  and  Australia.  Japan's  HNWIs  proved  an 
exception to the overall confidence trend, with less than a third having trust
in key industry stakeholders.

In line with overall high trust levels, the outlook of Asia-Pacific (ex-Japan)
HNWIs is extremely positive, with 90.5 percent confident they can build wealth
in the near  future, led  by those  in India  (95.7 percent)  and China  (95.2 
percent).

^1 HNWIs are defined as those having investable assets of US$1 million or
more, excluding primary residence, collectibles, consumables, and consumer
durables.
^2 Ultra-HNWIs are defined as those having investable assets of US$30 million
or more, excluding primary residence, collectibles, consumables, and consumer
durables.
^3 Capgemini, RBC Wealth Management, and Scorpio Partnership Global HNW
Insights Survey 2013.
^4 As Japanese HNWIs have markedly unique investing behaviors and preferences
and the country accounts for more than 50% of the region's HNWI population, we
frequently isolate and make reference to Asia-Pacific excluding Japan when
performing regional analysis. However, complete findings on Japan as a country
are covered extensively in the Asia Pacific Wealth Report.

The Asia-Pacific Wealth Report 2013
Expanding on the findings of the World Wealth Report, the Asia-Pacific Wealth
Report from Capgemini and RBC Wealth Management provides population and wealth
data for ten core markets in Asia-Pacific. Spanning Australia, China, Hong
Kong, India, Indonesia, Thailand, Japan, Singapore, South Korea and Taiwan,
the report reviews economic and market performance drivers, as well as High
Net Worth Individual (HNWI) investing behaviors in the Asia-Pacific region.
This year's report also includes a section that provides an in-depth focus on
HNWI perspectives and behavior based on a global survey of over 4,400 HNWIs,
including almost 1,400 respondents from Asia-Pacific. Through the survey
findings we explore HNWI confidence levels, asset allocation decisions, as
well as their wealth management advice and service preferences. Download the
report at www.asiapacificwealthreport.com.

About Capgemini
With more than 128,000 people in 44 countries, Capgemini is one of the world's
foremost providers of consulting, technology and outsourcing services.The
Group reported 2012 global revenues of EUR 10.3 billion. Together with its
clients, Capgemini creates and delivers business and technology solutions that
fit their needs and drive the results they want. A deeply multicultural
organization, Capgemini has developed its own way of working, the
Collaborative Business Experience^TM, and draws on Rightshore^®, its worldwide
delivery model.

Learn more about us atwww.capgemini.com.

Rightshore^® is a trademark belonging to Capgemini

About Capgemini's Financial Services Global Business Unit
Capgemini's Global Financial Services Business Unit brings deep industry
experience, innovative service offerings and next generation global delivery
to serve the financial services industry. With a network of 21,000
professionals serving over 900 clients worldwide Capgemini collaborates with
leading banks, insurers and capital market companies to deliver business and
IT solutions and thought leadership which create tangible value. More
information is available at: www.capgemini.com/financialservices

About RBC Wealth Management
RBC Wealth Management is one of the world's top 10 largest wealth managers*.
RBC Wealth Management directly serves affluent, high-net-worth and ultra-high
net worth clients in Canada, the United States, Latin America, Europe, the
Middle East, Africa, and Asia with a full suite of banking, investment, trust
and other wealth management solutions. The business also provides asset
management products and services directly and through RBC and third party
distributors to institutional and individual clients, through its RBC Global
Asset Management business (which includes BlueBay Asset Management). RBC
Wealth Management has more than C$615 billion of assets under administration,
more than C$373 billion of assets under management and over 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit www.rbcwealthmanagement.com

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under
the master brand name RBC. We are Canada's largest bank as measured by assets
and market capitalization, and are among the largest banks in the world, based
on market capitalization. We are one of North America's leading diversified
financial services companies, and provide personal and commercial banking,
wealth management services, insurance, investor services and wholesale banking
on a global basis. We employ approximately 80,000 full- and part-time
employees who serve more than 15 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 44 other
countries. For more information, please visit rbc.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2013. This
measurement includes all global RBC Wealth Management affiliates including the
U.S. division. In the United States, securities are offered through RBC Wealth
Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary
of Royal Bank of Canada. Member NYSE/FINRA/SIPC.



SOURCE Capgemini

Contact:

Capgemini Contacts:
Courtney Finn (North America)
Weber Shandwick for Capgemini
cfinn@webershandwick.com
+1 952 346 6206

Marta Saez (EMEA)
Weber Shandwick for Capgemini
msaez@webershandwick.com
+44 (0) 20 7067 0524

RBC Wealth Management Contacts:
Aishling Cullen (North America)
aishling.cullen@rbc.com
+1 416 974 4826

Peter Hoflich (Emerging Markets)
peter.hoflich@rbc.com
+65 6230 1530
 
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