M&A, Partnerships And Organic Growth In Wealth Management, Q3 2007 : Market Research Report

M&A, Partnerships And Organic Growth In Wealth Management, Q3 2007

Published by: Datamonitor

Published: Oct. 24, 2007 - 19 Pages

The Roundup: M&A; Partnerships; Organic growth; The Developments; ABN AMRO; Mellon buys back ABN AMRO Mellon Global Securities Services (Divestment) - July 07; Sofinco to acquire Interbank and DMC Group from ABN AMRO (M&A) - July 07; ANZ; ANZ purchases 10% stake in Saigon Securities Incorporation (M&A) - September 07; ANZ Private Bank opens Tasmania office (Organic Growth) - August 07; Bank of America; Bank of America acquisition creates large private wealth management organization (M&A) - July 07; Bank of America signs two lease agreements in Dallas (Organic Growth) - July 07; Bank of America realigns Premier Banking & Investments Divisions (Organic Growth) - August 07; Bank of Tokyo Mitsubishi UFJ; Mitsubishi UFJ Trust and Banking to focus corporate lending into four core outlets (Organic growth) - August 07; China Development Bank becomes major shareholder in Barclays (Partnerships) - August 07; BBVA; BBVA opens new center in Spain (Organic growth) - July 07; BBVA successfully completes Compass acquisition (M&A) - September 07; BNP Paribas; BNP Paribas and RBS International Securities Services to merge (M&A) - July 07; BNP Paribas enters joint venture with Sahara Bank (Partnerships) - July 07; BNP Paribas launches Swedish operations (Organic Growth) - September 07; BNL to be incorporated into BNP Paribas (M&A) - September 07; Citigroup; Citi secures rights to Banco de Chile holding company (M&A) - July 07; Citi to launch equity business in Turkey (M&A) - August 07; Citigroup expands 'Citigold' offering in China, opens new branch (Organic growth) - July 07; Citi strengthens wealth management operations in Singapore (Organic growth) - July 07; Crédit Agricole; Crédit Agricole signs acquisition agreement with Bank Sarasin (M&A) - July 07; Crédit Agricole proposes restructuring strategy (Organic growth) - July 07; Caceis to buy Olympia Capital International (M&A) - July 07; Deutsche Bank; Deutsche Bank increases capital in Thailand branch (Organic growth) - July 07; Fortis; Fortis sells a minority stake of Fortis Investments to Tokio Marine & Nichido Fire (Divestment) - July 07; Fortis Bank sells its stake in Banco Comercial Portugues - September 07; Fortis, Santander and RBS continue with their offer for ABN AMRO (M&A) - July-September 07; HSBC; HSBC agrees to acquire a majority shareholding in Korea Exchange Bank (M&A) - September 07; ING; ING Group completes sale of ING Trust (Divestment) - July 07; KBC; KBC Securities acquires a majority shareholding of Baltic Investment Company (M&A)- July 07; KBC Securities acquire Hipobroker in Serbia (M&A)- July 07; KBC receives final approval to acquire Absolut Bank (M&A)- July 07; KBC acquires 75% share in EIBANK (M&A) - September 07; Merrill Lynch; Merrill Lynch and AEGON to enter into strategic relationship (Partnerships) - August 07; Merrill Lynch and First Republic Bank close merger (M&A)- September 07; Merrill Lynch announces strategic relationship with ASSET4 (Partnerships) - September 07; Mizuho Holdings Inc.; Mizuho announces the dissolution of Mizuho Credit Co. Ltd. (Divestment) - August 07; Monte Paschi di Sienna (MPS); Banca Monte Dei Paschi acquires AXA SIM- July 2007; Morgan Stanley; Morgan Stanley Investment Management partners with Korea's National Pension Service- July 07; OCBC; OCBC subsidiary commences business in China (Organic Growth) - August 07; PNC; PNC to acquire Sterling Financial Corporation (M&A) - July 07; Mercantile Banks converted to PNC (M&A) - September 07; RBS; RBS opens new branch in Beijing (Organic Growth) - August 07; RBS, Santander, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07; Sal. Oppenheim; Sal. Oppenheim increases its minority share in IKB (M&A) - August 07; Santander; Santander creates a Global Private Banking Division (Organic Growth) - September 07; Santander, RBS, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07; Sarasin; Sarasin and AIG Private Bank to create bank for affluent clients (Partnership) - July 07; Schroders; Schroders and Citibank to make international mutual funds available in China (Partnership) - August 07; Société Générale; SG Hambros acquires ABN AMRO Private Banking London (M&A) - September 07; Standard Chartered; Standard Chartered becomes largest international bank in Taiwan (M&A) - July 07; Standard Chartered to acquire stake in UTI securities (M&A) - August 07; Standard Chartered to acquire American Express Bank (M&A) - September 07; UniCredit; Unicredit and Capitalia merger cleared (M&A) - September 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

M&A activity during the quarter saw major Western players continue their expansion into emerging markets; however significant activity in mature markets has also been noted. In the opposite direction, divestment activity during the quarter was aimed at either focusing on core assets / core business or facilitating partnerships and mergers. This quarter's review of partnerships highlights alliances which have: (a) facilitated market entry in North African and Asian markets; and (b) enabled established providers operating in European markets to focus on their core capabilities. During the quarter, organic growth initiatives were focused on Asia, with other developments in a few European markets. Several providers also focused on restructuring their operations along geographic or functional lines while at least one bank pursued an integration of its global private banking operations.

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, Q3 2007

Table of Contents

Abstract