Wealth Management Competitor Tracker: February 2011

Introduction

The Wealth Management Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the wealth management space. Produced on a monthly basis, the Tracker is a global product and covers 100 players across Asia-Pacific, Europe, the Middle East & Africa, North America and South America. Competitors tracked include Barclays, Scotiabank and Citibank.

Features and benefits

• Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive 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.

Highlights

Activity in the wealth management industry was limited in February, with a total of 34 competitor developments recorded among the 100 wealth managers tracked. This represents a fairly low level of activity compared to the same period last year.

Announcements concerning staff hires and appointments contributed to the majority of activity in February, accounting for 19 developments out of the total 34. Within the staffing category Barclays Wealth was the most active wealth manager accounting for three of the total announcements, reflecting a push to expand in the UK.

Western Europe accounted for 41% of the competitive developments that took place in February, which equates to 14 of the month's total. This is an increase on January's figure and above average for the region. The top category for competitive developments in Europe was staffing announcements.

Your key questions answered

• Where is the competition expanding their presence and opening new branches?
• Which competitors have experienced the most staffing changes over the last year?
• What new products and customer targeting strategies are my competitors using?

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