M&A, Partnerships and Organic Growth in Wealth Management, Q2 2007 : Market Research Report

M&A, Partnerships and Organic Growth in Wealth Management, Q2 2007

Published by: Datamonitor

Published: Aug. 7, 2007 - 22 Pages

The Roundup: M&A; Partnership; Organic growth; The Developments; ABN AMRO; ABN AMRO to acquire Taitung Business Bank in Taiwan (M&A) - June 2007; Allianz; Allianz subsidiary Dresdner Bank acquires Belgian wealth managers Van Moer Santerre and Damien Courtens (M&A) - May 2007; ANZ; Banca del Gottardo; Bank of America; UK expansion for Bank of America targets hedge funds (Organic growth) - June 2007; Wealth management center opened by Bank of America in New Hampshire (Organic growth) - May 2007; Bank of Tokyo Mitsubishi UFJ; Barclays; Barclays to acquire Walbrook (M&A) - May 2007; Barclays enters the Indian retail banking market (Organic growth) - May 2007; BBVA; Bessemer Trust (whole business); BNP Paribas; Taiwan expansion for BNP Paribas (Organic growth) - June 2007; BNP Paribas acquires Dexia Banque Privée France (M&A) - May 2007; Citigroup; Citibank develops business in Israel with new office (Organic growth) - June 2007; CitiBank expands in Taiwan with acquisition of Bank of Overseas Chinese (M&A) - April 2007; Commerzbank; Crédit Agricole; Crédit Agricole to acquire Bank Sarasin Europe (M&A) - May 2007; Credit Suisse; Credit Suisse extends its presence in Ukraine, and Kazakhstan (Organic growth) - June 2007; DBS; DBS launches Islamic Bank of Asia in Singapore (Organic growth) - May 2007; Deutsche Bank; Norwegian expansion for Deutsche Bank (Organic growth) - June 2007; Dexia; Fortis; Fortis, Santander and Royal Bank of Scotland announce offer for ABN AMRO (M&A) - April 07; Goldman Sachs; Gruppo Banco Popolare di Verona e Novara (BPVN); Hang Seng; HSBC; Hang Seng Bank has locally-incorporated subsidiary in mainland China (Organic growth) - May 2007; HSBC launches operations throughout mainland China (Organic growth) - April 2007; ING; ING Direct to launch operations in Japan (Organic growth) - May 2007; ING to acquire Landmark Investment Management (M&A) - June 2007; Intesa Sanpaolo; Investec; JP Morgan Chase; Investor Group to Purchase SLM Corporation (M&A) - April 2007; Julius Baer; KBC Securities; KBC acquires Equitas (M&A) - April 2007; KBC acquires a majority stake in Absolut Bank (M&A) - April 2007; KBC acquires majority stake in Liontamer (New Zealand) (M&A) - March 2007; Lloyds TSB; Mellon Financial Corp.; Mellon Financial to provide managed accounts outsourcing for Bear Stearns (Partnership) - April 2007; Mellon to provide services for ABN AMRO's UCITS III Funds (Partnership) - May 2007; Merger of Bank of New York and Mellon Financial approved (M&A) - June 2007; Merrill Lynch; Merrill Lynch announces minority investment in GSO Capital Partners (M&A) - May 2007; Merrill Lynch announces acquisition of minority stake in Sterling Stamos Capital Management (M&A) - May 2007; Merrill Lynch gains license to operate in Saudi Arabia and opens new regional headquarters (Organic growth) - June 2007; Mizuho Holdings Inc.; Mizuho Announces Dissolution of Mizuho Preferred Capital (Cayman) (Divestment) - April 2007; Monte Paschi di Sienna (MPS); Morgan Stanley; Morgan Stanley apply for license to operate in Egypt (Organic growth) - May 2007; National Australia Bank (NAB); Nordea; Northern Trust; Northern Trust and Mitsubishi UFJ to provide cross-border estate administration services (Partnership) - May 2007; Northern Trust expands operations with opening of Office in Wheaton, Illinois (Organic growth) - June 2007; OCBC; Pictet & Cie; PNC; PNC to acquire Yardville National Bancorp (M&A) - June 07; RBC Financial Group; RBC Capital Markets to acquire Seasongood & Mayer (M&A) - April 07; RBS; Sal. Oppenheim; Sal. Oppenheim forms a joint venture with Compagnie Nationale à Portefeuille / Nationale Portefeuille Maatschappij (Partnership) - April 07; Sal. Oppenheim acquires a stake in US based Miller Buckfire (M&A) - April 07; Sal. Oppenheim acquires a stake in UK based GLG Partners (M&A) - June 07; Sal. Oppenheim takes full ownership of Oppenheim Pramerica (M&A) - June 07; Santander; Sarasin; Schroders; SEB; SEB to open an office in New Delhi, India (Organic Growth) - May 07; Société Générale; Société Générale to create subsidiary in Vietnam (Organic Growth) - May 07; St George; Standard Chartered; Standard Chartered opens branch in Guangzhou (Organic Growth) - May 07; Standard Chartered increases presence in United Arab Emirates (Organic Growth) - May 07; Standard Chartered launches Private Banking operations in India (Organic Growth) - June 07; Standard Chartered launches Private Banking operations in China (Organic Growth) - June 07; UBS; UBS sells its stake in Julius Baer (M&A) - June 07; UniCredit; Union Bancaire Privée (UBP); United Overseas Bank (UOB); UOB opens a Shenyang Branch (Organic Growth) - June 07; Vontobel; Vontobel opens a London Branch (Organic Growth) - May 07; Wachovia; Westpac; Westpac to open Shanghai Branch (Organic Growth) - June 07
APPENDIX: Methodology; Further reading; Ask the analyst; Datamonitor consulting; Disclaimer

Abstract

Introduction This tracker covers merger/acquisition activity globally in the wealth management space. It also highlights the strategic partnerships, and expansion (or contraction) of existing businesses. There is also a special focus on the important emerging markets: China, India, CEE and the Middle East. 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 There was a great deal of acquisition activity among wealth managers in this quarter, which is likely to be a reflection of the current tendency for consolidation among the largest players worldwide, with many smaller, regional or niche firms continuing to be swallowed up by larger rivals. In this quarter, significant organic growth occurred in China, with several wealth managers opening new branches around the country. As part of a strong quarter for organic growth, Standard Chartered opened a new branch in Guangzhou, while HSBC launched its own mainland Chinese operations and established a network through its subsidiary. 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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M&A, Partnerships and Organic Growth in Wealth Management, Q2 2007

Table of Contents

Abstract