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Product Innovation and Customer Targeting in Wealth Management, Q2 2007

Published by: Datamonitor

Published: Aug. 7, 2007 - 21 Pages


Table of Contents


The Roundup
Customer Targeting
Product Innovation
The Developments
ABN AMRO
ANZ
AXA
AXA company Winterthur targets high net worth individuals with new BGI pension funds (Product Innovation) - May 2007
Banca del Gottardo
Bank of America
Bank of America targets HNW clients with new credit card (Customer Targeting) - June 2007
Bank of Tokyo Mitsubishi UFJ
Barclays
Barclays targets affluent individuals with Premier service in France (Customer Targeting) - June 2007
BBVA
BBVA and Schroders joint venture introduces a hedge fund of funds (Product Innovation) - April 2007
BBVA launches venture capital fund of funds with EUR10 minimum investment (Product Innovation) - June 2007
Bessemer Trust (whole business)
BNP Paribas
Citigroup
Citibank introduces DWS Investment's Shari'ah-compliant funds to Bahrain (New Product / Customer Targeting) - May 2007
Renminbi investment products launched by Citibank China (Product Innovation) - May 2007
Citibank introduces new Birla Sun Life India-based fund (Customer Targeting) - May 2007
BlackRock offshore funds launched by Citibank Hungary (Product Innovation) - May 2007
Commerzbank
Credit Agricole
Credit Suisse
Advanced Prime platform for hedge funds launched by Credit Suisse (Product Innovation) - June 2007
More private banking services available from Credit Suisse in Russia (Product Innovation and Customer Targeting) - May 2007
New Credit Suisse product allows investment in bond funds (Product Innovation) - May 2007
Credit Suisse makes hedge fund advisory service available globally (Customer Targeting) - May 2007
DBS
Deutsche Bank
Deutsche Bank announces a range of Exchange Traded Funds (Product Innovation) - June 2007
Deutsche Bank widens scope of aXess structured equity products to include GCC markets (Product Innovation) - April 2007
Hedge fund product offered to retail investors in Australia by Deutsche Bank (Product Innovation) - April 2007
Dexia
Fortis
Fortis Private Banking to offer clients Standard & Poor's fund research (Product Innovation) - April 2007
Goldman Sachs
Goldman Sachs Asset Management launches two new fund-of-funds (Product Innovation) - April 2007
Gruppo Banco Popolare di Verona e Novara (BPVN)
Hang Seng
Hang Seng China-B Share Focus Fund made available to retail customers (Customer Targeting) - June 2007
HBOS
Henderson Global Investors
Henderson Global Investors introduce Asian dividend income fund in Singapore (Customer Targeting) - April 2007
Henderson Global Investors to launch new investment company (Product Innovation) - June 2007
HSBC
ING
Intesa Sanpaolo
Intesa Sanpaolo launches new ten-year benchmark Eurobond (Product Innovation) - May 2007
Investec
JP Morgan Chase
JP Morgan launches new investment tools (Product Innovation) - April 2007
JP Morgan launches private equity fund services in UK (Customer Targeting) - May 2007
Julius Baer
Julius Baer launches new regional emerging market fund (Product Innovation) - April 2007
KBC
Lloyds TSB
Mellon Financial Corp.
Boston Company Asset Management launches 130/30 strategy (Product Innovation) - April 2007
Mellon launches Australian Equity Long/Short Trust (Product Innovation) - May 2007
Merrill Lynch
Merrill introduces the ML LifeStyle Index (Product Innovation) - April 2007
Mizuho Holdings Inc.
Monte Paschi di Sienna (MPS)
Morgan Stanley
Morgan Stanley to offer electronic trading access via Bloomberg Tradebook (Product Innovation) - April 2007
Morgan Stanley Investment Management launches Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (Product Innovation) - April 2007
National Australia Bank (NAB)
Nordea
Northern Trust
OCBC
Pictet & Cie
Pictet & Cie introduce a Clean Energy Fund (Product Innovation) - April 07
PNC
RBC Financial Group
RBS
Sal. Oppenheim
Santander
Sarasin
Schroders
Société Générale
St George
Standard Chartered
UBS
UniCredit
Union Bancaire Privée (UBP)
United Overseas Bank (UOB)
Vontobel
Wachovia
Westpac
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 Novel targeting practices also include attempting to attract customer base that is currently growing fast, as is the case with JP Morgan's launch of its Private Equity Fund Services business, based in the UK but offering fund administration and portfolio administration to both European and Middle Eastern private equity firms There was a great deal of product innovation in evidence in this quarter, driven in part by regulatory changes in certain areas and partly by growing interest in certain asset classes. In Spain, regulatory changes governing alternative investments sold in the domestic market meant that BBVA launched a venture capital fund of funds this quarter. 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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