Wealth Management Competitor Tracker: January 2008

Published by: Datamonitor

Published: Mar. 20, 2008 - 19 Pages

Table of Contents

Overview

Catalyst

Summary

Table of Contents

The Roundup

Mergers and acquisitions, partnerships, organic growth and staffing

M&A

Organic Growth

Staffing

Product innovation and customer targeting

Product innovation

Customer targeting

M&A, Partnerships, organic growth and staffing: The developments

Bank of New York Mellon

UK: BNY Mellon Wealth Management appoints Rupert Phelps to London Family Office role (Staffing) - January 2008

Barclays

UK: Barclays Wealth makes private banker appointment in UK (Staffing) - January 2008

Bessemer Trust (whole business)

US: Bessemer Trust appoint new senior staff to its Boston office (Staffing) - January 2008

BNP Paribas

Hong Kong: BNP Paribas appoints Asia (Ex-Japan) CEO (Staffing) - January 2008

UK: BNP Paribas names head of European equity derivatives flow sales (Staffing) - January 2008

Citigroup

US: Citibank opens new wealth management financial center in Boston (Organic growth) - January 2008

Commerzbank

Nigeria: Commerzbank opens wealth management representative office in Lagos (Organic growth) - January 2008

Credit Suisse

India: Credit Suisse granted Portfolio Management Scheme License in India (Organic Growth) - January 2008

Switzerland: Credit Suisse promote a new regional head for Fribourg office (Staffing) - January 2008

Deutsche Bank

US: Deutsche Bank announces private bank hires for the US Private Bank on the west coast (Staffing) - January 2008

US: Deutsche Bank names new head of advisory solutions for the New York office (Staffing) - January 2008

US: Deutsche Bank adds staff in US West Coast operation (Staffing) - January 2008

KBC

France: KBC forms agreement to acquire Paris-based Richelieu Finance (M&A) - January 2008

Merrill Lynch

Russia: Merrill Lynch opens new office in Moscow (Organic growth) - January 2008

Morgan Stanley

Spain: Morgan Stanley to sell Spanish wealth management business to La Caixa to focus on UHNW segment (Divestment) - January 2008

EXTRA COMPANIES

UK: Standard Life Enters Discretionary Investment Management Market (Organic growth) - January 2008

Product innovation and customer targeting: the developments

Citigroup

UK: Citibank targets expatriates by expanding its fund manager offering (Customer Targeting) - January 2008

Julius Baer

Switzerland: Julius Baer opens a branch in Verbier to target holidaying clients (Customer targeting) - January 2008

RBC Financial Group

Global/Canada: RBC Asset Management launches RBC O'Shaughnessy US Growth Fund II (Product innovation) - January 2008

Wachovia

US: Wachovia Wealth Management targets attorneys in California (Customer targeting) - January 2008

Westpac

Australia: Westpac targets less affluent customers with financial planning services (Customer targeting) - January 2008

APPENDIX

Methodology

Index of strategies by company

Bank of New York Mellon

Barclays

Bessemer Trust

BNP Paribas

Citigroup

Commerzbank

Credit Suisse

Deutsche Bank

Julius Baer

KBC

Merrill Lynch

Morgan Stanley

RBC Financial Group

Wachovia

Westpac

Index of strategies by geography

Western Europe

France

Spain

UK

Central and Eastern Europe

Russia

North America

US

Africa

Asia

Australia

India

Index of strategies by trend

M&A

Organic Growth

Product innovation

Customer targeting

Staffing

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

Abstract

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