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M&A, Partnerships and Organic Growth in Wealth Management, Q1 2007

Published by: Datamonitor

Published: May. 1, 2007 - 14 Pages


Table of Contents


The Roundup

M&A

Partnership

Organic growth



The Developments

ABN AMRO

Bank of America

Bank of Tokyo Mitsubishi UFJ

Barclays

BBVA

BNP Paribas

Citigroup

DBS

Deutsche Bank

Dexia

Hang Seng Bank

Julius Baer

KAS Bank

KBC

Mellon

Merrill Lynch

Morgan Stanley

Nordea

RBC Financial Group

Sal. Oppenheim

Santander

Sarasin

UBS

United Overseas Bank (UOB)



APPENDIX

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer



The Roundup

M&A

Partnership

Organic growth

The Developments

ABN AMRO

ABN AMRO and Barclays discussing merger - March 2007

Bank of America

Bank of America obtains permission for U.S Trust Acquisition (M&A) - March 07

Bank of Tokyo Mitsubishi UFJ

Bank of Tokyo Mitsubishi UFJ set to liquidate Union Bank of California International (M&A) - January 07

Barclays

Barclays and ABN AMRO discussing merger (M&A) - March 07

BBVA

BBVA officially sign partnership agreement with CITIC Group, China (Partnership) - March 07

BBVA acquires 100% of Compass Bancshares to grow US business (M&A) - February 07

BNP Paribas

BNP Paribas and BNL have approved the merger plan (M&A) - March 07

Dexia and BNP Paribas entered discussions regarding Dexia Banque Privée France (M&A) - December 06

Citigroup

Citi China gains approval to operate as a Locally Incorporated Bank (EME) - March 07

Citigroup Confirm Acquisition of Quilter (M&A) - December 06

Citibank maintains CitiGold focus in Belgium with the opening of a third investment center (Organic Growth) - December 06

DBS

First Islamic bank in Singapore set up by DBS (Organic Growth) - March 07

DBS approved for local incorporation in China (Organic Growth) - December 06

Deutsche Bank

Deutsche Bank Opens New Branches in US (Organic Growth) - March 07

Deutsche Bank to expand into Vietnam (Organic Growth) - February 07

Deutsche Bank to be first third-party provider of structured products to UBS (Partnership) - March 07

Deutsche Bank implements new IT platform (Partnership) - January 07

Dexia

Dexia and BNP Paribas entered discussions regarding Dexia Banque Privée France (M&A) - December 06

Hang Seng Bank

Hang Seng Bank opens new sub-branch including Prestige Banking Center (Organic Growth) - January 07

Julius Baer

Julius Baer establishes branch in Singapore (Organic Growth) - March 07

KAS Bank

Dutch KAS Bank moves private banking over to Nachenius Tjeenk (Partnership) - Feb 07

KBC

KBC announce acquisition of A Banka (M&A) - January 07

Mellon

Mellon moves into Connecticut (Organic Growth) - February 07

Merrill Lynch

Merrill Lynch and Carver Bancorp create an alliance (Partnership) - March 07

Merrill Lynch set to acquire First Republic Bank (M&A) - January 07

Morgan Stanley

Morgan Stanley to open wholly-owned subsidiary in India (M&A) - February 07

New teams hired for Morgan Stanley's Latin American operation (Organic Growth) - February 07

Citigroup Confirm Acquisition of Quilter (M&A) - December 06

Nordea

Nordea acquires a majority of Russia's Orgresbank (M&A) - March 07

RBC Financial Group

RBC creates Wealth Management segment (Organic Growth) - February 07

Sal. Oppenheim

Sal. Oppenheim expand throughout Cologne (Organic Growth) - February 07

Santander

More of Bank of America's wealth management portfolio is transferred to Santander (Partnership) - February 07

Sarasin

Bank Sarasin reshuffles business (M&A) - January 07

Rabobank becomes Bank Sarasin's majority shareholder (M&A) - January 07

UBS

UBS and Standard Chartered Bank form alliance to distribute funds to Standard Chartered's wealthy clients (Partnership) - January 07

UBS completes acquisition of private client branch network of McDonald Investments (M&A) - February 07

United Overseas Bank (UOB)

New branch for UOB (Organic Growth) - February 07



APPENDIX

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

Abstract

Introduction

This tracker covers merger and acquisition activity globally, across the wealth management space. It also highlights the strategic partnerships, and expansion, or contraction, of existing businesses. There is also a focus on the key emerging markets, namely China, India, CEE and the Middle East.

Scope

The tracker covers the M&A and partnership activities of the largest global and regional wealth management companies It provides an update of each player's activities in this area and a roundup chapter which offers readers a summary of key trends in that quarter The tracker is global in coverage, therefore encompassing market entry strategies as well as domestic M&A activity

Highlights

Mergers and acquisitions in the wealth management market are largely being undertaken in markets with a large number of very small and very large players, as consolidation of the market continues apace in developed geographies. In this quarter, a significant amount of the M&A activity occurred in the US. Partnerships revolved around achieving strategic goals in the early months of 2007, with many wealth managers seeking to partner with firms able to offer an expansion of the target client base or the existing service capability. Several strategic alliances were formed this quarter.

Reasons to Purchase

Understand the competitor activity in your market and potential threats and opportunities Gain insight into your competitor's strategic movements

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