Wealth Management Competitor Tracker, November 2008
Datamonitor
February 12, 2009 27 Pages - SKU: DFMN2120000
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Introduction
This monthly tracker covers product innovation, customer targeting, M&A, partnerships, organic growth, and staffing activity globally in the wealth management space.
Reasons to Purchase- Track the strategies announced by 50+ of your key competitors.
- Assess which geographies and strategic areas are seeing the most activity
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- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- Introduction
- The Wealth Management Competitor Tracker provides both one month and 12 month views of developments
- Each month, Datamonitor tracks the most relevant announcements from 57 competitors
- Datamonitor's Wealth Management Team provides analysis of the key developments at both the one month and 12 month level
- A fully searchable database of the past 12 months of developments is also delivered alongside the report
- Key Trends and Developments in November
- There were some notable developments within the wealth management industry during November
- Bank of America receives Federal Reserve approval for Merrill Lynch purchase
- Banca Monte Dei Paschi board approves guidelines for Banca Toscana merger
- Merger between Westpac and St.George approved
- International companies are expanding their operations into emerging markets
- In November, activity in the wealth management market rebounded slightly
- There were a total of 22 competitor developments in November
- M&A and staffing activity dominated the wealth market in November
- Europe and Asia continued to be the main regional hubs for the wealth market
- Product innovation and customer targeting
- Citigroup
- Citibank Singapore launches innovative global home financing solution for affluent clients
- M&A, Partnerships and Organic Growth
- Bank of America
- Bank of America to exercise remainder of China Construction Bank option
- Bank of America receives Federal Reserve approval for Merrill Lynch purchase
- Citigroup
- DBS
- DBS has extended presence in China's private banking market
- Deutsche Bank
- Deutsche Bank announces planned opening of a new representative office in Switzerland
- Monte Paschi di Sienna (MPS)
- Banca Monte Dei Paschi board approves guidelines for Banca Toscana merger
- OCBC
- OCBC Bank establishes a Malaysian Islamic subsidiary, OCBC Al-Amin
- Pictet & Cie
- Pictet & Cie has announced plans to grow its business in GCC countries
- St.George Bank (SGB)
- Merger between Westpac and St.George approved
- Standard Chartered
- Standard Chartered to acquire Lehman Brothers team and fixed assets in Brazil
- Unicredit
- UniCredit finalises the disposal of 183 branches to 13 banks
- Staffing
- Credit Suisse
- Christophe Racine named new head of private banking for Northern Switzerland
- Clariden Leu appoints two new executive board members
- Deutsche Bank
- Ari Makela joins Deutsche Bank as managing director for Nordic coverage in global banking
- Deutsche Bank appoints new head of Private Wealth Management UK
- Deutsche Bank appoints Hanspeter Danuser to help establish new office in Switzerland
- Mellon Financial Corp.
- BNY Mellon Wealth Management hires head of private lending
- Northern Trust
- Northern Trust appoints President of San Diego Region
- RBC Financial Group
- RBC Wealth Management announces leadership changes
- Standard Chartered
- Standard Chartered to acquire Lehman Brothers team in Brazil
- UBS
- UBS bolsters wealth management team in Asia with a series of key hires
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: The 57 companies covered by Datamonitor's Wealth Management Competitor Tracker
- List of Figures
- Figure 1: November marked an increase in total developments over the previous month
- Figure 2: M&A and staffing developments accounted for the majority of activity for the month
- Figure 3: Europe and Asia continued to see the majority of wealth management activity
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