Product Innovation and Customer Targeting in Wealth Management, Q1 2007

Published by: Datamonitor

Published: May. 1, 2007 - 11 Pages

Table of Contents

The Roundup

Customer Targeting

Product Innovation

The Developments

ABN AMRO

Bessemer Trust

Bank of America

Barclays Wealth

Barclays

Citigroup

Lloyds TSB

Mellon

Morgan Stanley

OCBC

Société Générale

APPENDIX

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

The Roundup

Customer Targeting

Product Innovation

The Developments

ABN AMRO

ABN AMRO enter virtual world (Product Innovation) - December 06

Bessemer Trust

Bessemer Trust moves to attract business owners (Customer Targeting) - February 07

Bank of America

Wealth in the southern US targeted by Bank of America (Customer Targeting) - February 07 and March 07

Barclays Wealth

Barclays Wealth embarks on expansive targeting (Customer Targeting) - March 07

Barclays

Barclays provides bespoke tools for intermediaries to tap the overseas mortgage market (Product Innovation) - March 07

Citigroup

New relocation service from Citibank eases the strain of executive relocation (Product Innovation) - March 07

Citi teams up with BlackRock in Australia to offer discretionary managed products (Product Innovation) - March 07

Citigold woos new customers in South Korea and Bahrain (Customer Targeting) - February 07

Pioneering new investment services for Russian CitiGold clients offer a ""World of Opportunities"" (Product Innovation) - Feb 07

Lloyds TSB

First banking ""superstore"" for international customers launched by Lloyds TSB (Customer Targeting) - January 07

Mellon

Mellon strengthens high end mortgage business team as it targets wealthy homeowners in the US (Customer Targeting) - February 07

Morgan Stanley

Morgan Stanley pioneers its enhanced Custom Portfolio (Product Innovation) - March 07

OCBC

OCBC Bank launches investment-linked policy to meet legacy banking needs (Product Innovation) - January 07

Société Générale

Société Générale Corporate & Investment Banking adds New Energy Protected Fund to Adequity range (Product Innovation) - March 07

APPENDIX

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

Abstract

Introduction

This tracker covers product launches and service developments as well as marketing and product/service launches aimed at specific customer segments, such as ultra high net worths, NRIs, expats, retirees, entrepreneurs, women, etc.

Scope

Extensive research is conducted on the activities of 50 providers of wealth management products, globally The developments are analyzed to identify the key global trends in product development and customer targeting

Highlights

In the first quarter of 2007, several customer targeting initiatives were undertaken, with many looking to refine targeting specific client groups in emerging markets. it is unsurprising that the next step for those who have established a presence in a market is to increase the sophistication and specialisation of the services they offer. A wide range of innovations in product design were unveiled in the first quarter of 2007, with many seeking to improve existing product platforms by increasing the range of products available within them, or making more tools available.

Reasons to Purchase

Understand and gain insight into product development in the global market Keep up to date with product innovations and learn from the developments made by your competitors

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