Wealth Management Competitor Tracker, October 2008
Datamonitor
December 9, 2008 27 Pages - SKU: DFMN2069290
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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 October
- There were some notable developments within the wealth management industry during October
- Mitsubishi UFJ closes $9 billion equity investment in Morgan Stanley
- UBS receives capital injection and transfers illiquid assets to the Swiss government
- Wachovia and Wells Fargo to merge
- In October, the wealth management market continued its slowdown of activity
- There were a total of 14 competitor developments in October
- M&A activity dominated the wealth market in October
- Competitor activity continued to remain strong in Europe and Asia
- Product innovation and customer targeting
- Citibank
- Citibank launches investment offerings at Citigold & Citigold Premium customers in Japan
- Mellon Financial Corp.
- BNY Mellon Wealth Management launches new municipal bond strategy
- M&A, Partnerships and Organic Growth
- BNP Paribas
- BNP Paribas rebrands its private banking business BNP Paribas Wealth Management
- Deutsche Bank
- Deutsche Bank begins growth program in its Private and Business Clients division
- Morgan Stanley
- Mitsubishi UFJ closes $9 billion equity investment in Morgan Stanley
- Santander
- Banco Santander to acquire Sovereign Bancorp
- Standard Chartered
- Standard Chartered to acquire Asia Trust and Investment Corporation
- UBS
- UBS receives capital injection and transfers illiquid assets to the Swiss government
- United Overseas Bank (UOB)
- UOB increases its holding in Southern Bank, Vietnam
- Vontobel
- Swiss private bank Vontobel begins expansion phase in Germany
- Wachovia
- Wachovia and Wells Fargo merger
- Staffing
- Bank of America
- Bank of America announces future Global Banking, Securities and Wealth Management leadership team
- Credit Suisse
- Credit Suisse appoints Ray McGregor as head of Private Banking Australia
- Société Générale
- SG Private Banking strengthens its teams in the Middle East
- 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: There was a sharp drop in the number of total developments in October
- Figure 2: The majority of developments for the month was in M&A activity, while staffing changes declined
- Figure 3: Europe and Asia continued to see the majority of activity in October
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