Wealth Management Competitor Tracker: August 2011
Datamonitor
September 14, 2011 35 Pages - SKU: DFMN6647652
|
|
The Wealth Management Competitor Tracker follows the developments of 100 wealth managers and their associated brands globally. Produced monthly, it covers product innovation, customer targeting, M&A, partnerships, organic growth, and staffing. Competitors tracked include Bendigo and Adelaide Bank, DBS and LGT Bank
Gain invaluable information on your key competitors in one concise document, and track long-term trends using the accompanying Excel news database.
Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading global players.
Learn the Datamonitor Wealth & Investments Team's view on the most important competitor developments in the month.
Activity in the wealth management industry in August was one development lower than in July, with a total of 53 competitor developments recorded among the 100 wealth managers tracked. This is still well above the 12-month average of 36, and places August as the third busiest month tracked over the last year.
Staffing developments accounted for the highest proportion of activity in August, recording 27 developments out of the total of 53. The key staffing story for August was DBS announcing that it is expanding its private banking team that targets the Indonesian market.
The largest proportion of competitor activity in August originated in Asia Pacific, accounting for 35% of competitor developments. Key stories in the region included the launch of ETF services by Citi and a new partnership between India's Kotak Mahindra and Malaysia's CIMB.
Where is the competition expanding their presence and opening new branches?
Which competitors have experienced the most staffing changes over the last month?
What new products and customer targeting strategies are my competitors using?s?
|
- OVERVIEW
- Catalyst
- Summary
- Methodology
- INTRODUCTION
- The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments
- As of January 2011, Datamonitor now tracks the most relevant announcements from 100 competitors
- Datamonitor’s Wealth and Investments Team provides analysis of the key developments at one-month and 12-month intervals
- A fully searchable database covering the past 12 months of developments is also delivered alongside the report
- KEY DEVELOPMENTS IN AUGUST
- Notable developments within the wealth management industry in August
- Product innovation and customer targeting: Citi launches ETF services in Asia Pacific
- M&A, partnerships, and organic growth: ABN Amro sells its Swiss private banking operations to UBP
- Staffing: DBS appoints new personnel to its private bank to target the Indonesian market
- Wealth management activity in August was just below activity in July
- There were a total of 53 developments in August
- Developments in staffing accounted for the majority of activity in August
- 35% of competitor developments took place in Asia Pacific and 33% took place in Western Europe
- PRODUCT INNOVATION AND CUSTOMER TARGETING
- Barclays
- UK: Barclays Wealth has announced its ongoing support for the City of Birmingham Symphony Orchestra, August 2011
- Brewin Dolphin
- UK: Brewin Dolphin sponsors Shrewsbury Flower Show, August 2011
- Citigroup
- Asia Pacific: Citi launches ETF services in Asia Pacific, August 2011
- Brazil: Citi defines new companies for trading BDRs in the Brazilian stock market, August 2011
- Commonwealth Bank
- Australia: Commonwealth debuts Investorville, an online simulation tool for budding property investors, August 2011
- Deutsche Bank
- Germany: 8,500 clients and prospects watch Berliner Philharmoniker online thanks to Deutsch Bank sponsorship, August 2011
- Fidelity
- US: Fidelity Investments expands mobile solutions to include The HP Touchpad, August 2011
- HFDC Bank
- India: HDFC launches a set of premium travel credit cards for the global Indian, August 2011
- Investec
- UK: Investec ends England Rugby sponsorship, August 2011
- UK: Investec signs sponsorship agreement with women’s hockey teams of England and Great Britain, August 2011
- UK: Investec Wealth & Investment extends role as Liverpool Philharmonic’s principal partner, August 2011
- Julius Baer
- Hong Kong: Julius Baer Hong Kong launches China fund with direct access to domestic market, August 2011
- Northern Trust
- Global: Northern Trust enhances investment risk and analytical tools for clients worldwide, August 2011
- RBS
- UK: Coutts & Co launches a display at its London headquarters to celebrate 50 years of the Jaguar E-type, and installs contemporary artwork in its Oxford branch, August 2011
- TD Waterhouse
- Canada: TD Mutual Funds launches TD US monthly income fund, August 2011
- UBS
- US: UBS Wealth Management Americas hosts Revitalizing America: A presidential conversation on the nation’s economic recovery with William J. Clinton and George W. Bush, August 2011
- Westpac
- Australia: BT Financial airs a one-off advertising campaign aimed at reassuring investors, August 2011
- M&A, PARTNERSHIPS, AND ORGANIC GROWTH
- ABN Amro
- Switzerland: ABN Amro Bank sells its Swiss private banking activities to UBP, August 2011
- Bank of America Merrill Lynch
- China: Bank of America agrees to sell 13.1 billion shares of China Construction Bank, August 2011
- Barclays
- UK: Barclays Wealth's Manchester office completes its relocation within the Spinningfields development, August 2011
- UK: Barclays Wealth boosts its East Anglia presence with a new office in Norwich, August 2011
- BNP Paribas
- South Africa: BNP Paribas Corporate & Investment Banking takes majority share in Cadiz Securities, August 2011
- Citigroup
- China: Citibank opens new sub-branches in Southern China, August 2011
- Commonwealth Bank
- Australia: Commonwealth Bank announces offer for Count Financial, August 2011
- ICBC
- Argentina: ICBC to acquire controlling shareholding in Standard Bank Argentina, August 2011
- Kotak Mahindra
- India/Malaysia: Kotak Mahindra signs partnership with Malaysia's CIMB, August 2011
- STAFFING
- ABN Amro
- Singapore: ABN Amro appoints new country executive in Singapore and CEO of Private Banking International Asia, August 2011
- ANZ
- Australia: management changes at ANZ Wealth, August 2011
- Barclays
- Singapore: Barclays appoints new managing director in line with its continuing focus on UHNW clients, August 2011
- UK: Barclays Wealth expands its Cambridge private banking team with a new hire, August 2011
- Bessemer Trust
- US: Bessemer Trust appoints new managing director and senior client account manager in New York office, August 2011
- BNY Mellon
- US: BNY Mellon hires new HNW advisor in Boston, August 2011
- Brewin Dolphin
- UK: Brewin Dolphin expands London charities team, August 2011
- UK: Brewin Dolphin welcomes back Sylvia Bowen, August 2011
- Citigroup
- Asia Pacific: Citi announces new private bank leadership in Asia Pacific, August 2011
- Credit Suisse
- Switzerland: Clariden Leu appoints investment products head, August 2011
- US: Credit Suisse appoints new chief investment strategist of private banking in the Americas, August 2011
- DBS
- Indonesia: DBS appoints new personnel to its private bank to target the Indonesian market, August 2011
- Deutsche Bank
- Germany: chief risk officer at Sal. Oppenheim steps down after successful risk minimization, August 2011
- HSBC
- Hong Kong: Hang Seng Bank announces senior executive appointments, August 2011
- US: Scott Rosser and Diane Wilson join HSBC private banking team in Beverly Hills, August 2011
- Investec
- UK: Investec Wealth & Investment has appointed a new financial planner to Liverpool team, August 2011
- JPMorgan
- Hong Kong: J.P. Morgan appoints Josh Klaczek as head of Asian financial services equity research, August 2011
- National Australia Bank
- US: Great Western Investments and Insurance hires investment executive, August 2011
- Northern Trust
- US: Northern Trust names chief technology officer, August 2011
- US: Northern Trust announces corporate strategy leadership changes, August 2011
- OCBC
- Singapore: Bank of Singapore hires new personnel for its Southeast Asian team, August 2011
- RBC Financial Group
- Hong Kong: RBC Wealth Management appoints head of Asia, August 2011
- Schroders
- UK: Schroders announces the appointment of a new fund manager to the European equities team, August 2011
- UK: Schroders appoints a new senior portfolio manager within the fixed income multi-sector team, August 2011
- UBS
- Global: 45% of headcount reduction at UBS to come from wealth management and Swiss bank business, August 2011
- US Bank
- US: US Bank appoints head of private capital at Ascent Private Capital Management, August 2011
- Westpac
- Australia: St.George Financial Planning has announced a number of key appointments, August 2011
- APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Disclaimer
- TABLES
- Table: Datamonitor's Wealth Management Competitor Tracker covers the following 100 companies
- FIGURES
- Figure: Figure Title
- Figure: Staffing accounted for the largest proportion of activity in August
- Figure: Western Europe and Asia Pacific accounted for the largest proportions of wealth management developments in August
Share this report
Other tasks Related Markets Wealth Management Reports Free Alert Me service Receive bi-weekly email alerts on new market research Sign Up Today!
|
