Wealth Management Competitor Tracker: November 2011

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.

Introduction

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 Banco Sabadell, Credit Agricole and UOB.

Scope

• Gain invaluable information on competitors in one concise document; identify long-term trends using the Excel 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 in November was lower than in October. In November there were a total of 66 developments among the 100 wealth managers tracked, compared to 79 in October. However, November was the third busiest month of 2011 to date. Moreover, November activity was significantly above the 12-month average of 48.Product innovation and customer targeting accounted for the highest proportion of activity in November, with 25 developments out of a total of 66. Credit Suisse launched the first Swiss Real Estate Fund investing in property outside of Switzerland, and HDFC launched a range of premium credit cards targeting wealthy Indian women.The largest proportion of competitor activity in November originated from Western Europe and Asia Pacific, which accounted for 20 and 19 of the total of 66 developments respectively. In Switzerland, ABN Amro announced the completion of the sale of its Swiss private banking unit to UBP, and in China Julius Baer opened an office in Shanghai.

Reasons to Purchase

• 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?