Research and Markets: Offshore Financial Services in Singapore 2010: Portfolios of Offshore Clients in Asia-Pacific More Risk-Tolerant

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/820629/offshore_financial) has announced the addition of the "Offshore Financial Services in Singapore 2010" report to their offering.

With money leaving traditional European offshore centers in the billions, understanding the nature of the rising offshore centers of Asia Pacific is critical. This report explores the offshore clients of Singapore and what strategies are best to attract and retain them making it a critical read, not just for offshore bankers, but also for their onshore competitors.

The key products going forward will be those that allow offshore clients to invest in foreign currencies. The international currency markets have been particularly volatile since the beginning of the credit crunch and global recession, offering opportunity to generate return. Bankers cited high customer service as a key reason their clients bank with them but few services are deemed to be a big draw for new clients. Only financial planning is seen as being able to attract a significant amount of new offshore business.

Features and benefits:

• Benefit from the findings of the unique Offshore Banks Survey 2010 conducted among banks in six offshore centers, including Singapore.
• Understand the source of offshore funds held in Singapore.
• Learn about the key product and service needs of your target customers.
• Find out who the offshore competitors in the local market and understand strategies of the key competitors through case studies.

Your key questions answered:

• What is the source of the offshore funds in Singapore?
• What products and services will best attract new offshore clients?
• Who are the key offshore competitors active in the Singaporean market?

Key Topics Covered:

• Diverse client base of Singapore and the Asia Pacific offshore centers
• Beneficial tax regime and investment opportunity attracts most clients
• Offshore Clients of Asia Pacific Offshore Centers
• Offshore clients have turned to Asian financial centers to take advantage of regional growth
• Typical portfolio of an offshore client in Asia Pacific is more risk-tolerant than other markets
• Offshore clients in Asia Pacific are sophisticated and open to new investment ideas if communicated properly
• Client base of Asia Pacific derive their wealth mainly from entrepreneurship
• Offshore Clients' Needs in Asia Pacific and Singapore
• Offshore clients of Asia Pacific offshore centers are looking for premium service from their banks
• Government crackdowns and amnesties are having an effect even in Asian offshore centers
• Quality investment products are seen as the best way to gather new clients
• Basic accounts only need to compete on return, with high interest rates a priority
• Expansion into Singapore has seen relentless increasing competition for offshore clients
• Major players in the Singapore offshore market are providing full service propositions
• Strategies for Success in Asia Pacific
• Giving clients high returns and confidentiality are the best strategies for growth in Singapore
• Tax amnesties and regulatory changes are the greatest threats to the offshore client base
• Datamonitor has identified seven key strategies for successfully servicing offshore clients in Singapore

For more information visit http://www.researchandmarkets.com/research/820629/offshore_financial

Source: Datamonitor