Wealth Management Competitor Tracker, February 2008 : Market Research Report

Wealth Management Competitor Tracker, February 2008

Published by: Datamonitor

Published: Apr. 17, 2008 - 28 Pages

Overview: Catalyst; Summary; Table of Contents; M&A, partnerships, organic growth and staffing; M&A; Partnerships; Organic Growth; Staffing; Product innovation; Property investment; M&A, Partnerships, organic growth and staffing: The developments; ANZ; Asia: ANZ announces expansion plans for Asia private banking business (Organic growth) - February 2008; Barclays; India: Barclays Wealth appoints head of Investment & Production in India (Staffing) - February 2008; Citigroup; US: Citi Global Wealth Management to acquire Legg Mason's trading and technology platforms (M&A) - February 2008; Singapore: Citibank opens Citigold Select Center in Paragon, Singapore (Organic growth) - February 2008; UK: Citibank opens new CitiGold branch at St Paul's (Organic growth) - February 2008; US: Citibank opens two wealth management offices in Boston (Organic growth) - February 2008; Hong Kong: Citibank announces new branches in Kowloon Bay and Tai Po, Hong Kong (Organic growth) - February 2008; Vietnam: Citi and CapitaLand sign MoU on Vietnam real estate-based investment fund (Partnership) - February 2008; Credit Suisse; US: Credit Suisse Private Banking opens branch in Northbrook, Illinois (Organic growth) - February 2008; Europe: Credit Suisse hire European CEO (Staffing) - February 2008; DBS; Taiwan: DBS acquires Bowa Bank assets including 43 distribution outlets in Taiwan (M&A) - February 2008; Asia: DBS appoints new CEO (Staffing) - February 2008; Deutsche Bank; US: Deutsche Bank expands staff in its Dallas and Boston offices (Staffing) - February 2008; Hang Seng; Hong Kong: Hang Seng announces new head of Investment and Insurance (Staffing) - February 2008; Mellon Financial Corp.; US: The Bank of New York Mellon to add wealth management positions (Staffing) - February 2008; Merrill Lynch; US: Merrill Lynch hires president of US banking operations (Staffing) - February 2008; Morgan Stanley; Asia: Morgan Stanley appoints CEO for its Asia business (Staffing) - February 2008; Northern Trust; Asia: Northern Trust makes appointments to its Asia-Pacific team (Staffing) - February 2008; RBC Financial Group; India: RBC opens representative office in Mumbai (Organic growth) - February 2008; US: RBC to acquire Ferris, Baker Watts, Incorporated to expand its US wealth management business (M&A) - February 2008; Sarasin; Germany: Bank Sarasin expands its market presence in Germany (Organic growth) - February 2008; Qatar: Bank Sarasin expands its market presence in the Middle East (Organic growth) - February 2008; Switzerland: Bank Sarasin and AIG Private Bank name joint venture bank (Partnership) - February 2008; Schroders; Singapore: Schroders acquires private client advisory unit from Commonwealth Bank of Australia (M&A) - February 2008; Société Générale; Russia: Société Générale finalizes acquisition of majority stake in Rosbank (M&A) - February 2008; Standard Chartered; US: Standard Chartered completes acquisition of American Express Bank (M&A) - February 2008; Product innovation and customer targeting: the developments; Mellon Financial Corp.; US: BNY Mellon wealth management launches Internet platform: Private Workbench (Product innovation) - February 2008; OTHER COMPANIES; Henderson Global Investors; UK: Henderson targets high net worth individuals with launch of its Pan-European fund (Customer targeting) - February 2008; Friends Provident; UK: Friends Provident adds feature to wealth solutions bond (Product innovation) - February 2008
APPENDIX: Methodology; Index of strategies by company; ANZ; Asia: ANZ announces expansion plans for Asia private banking business (Organic growth) - February 2008; Bank of New York Mellon; UK: BNY Mellon Wealth Management appoints Rupert Phelps to London Family Office role (Staffing) - January 2008; US: BNY Mellon wealth management launches Internet platform: Private Workbench (Product innovation) - February 2008; Barclays; UK: Barclays Wealth makes private banker appointment in UK (Staffing) - January 2008; India: Barclays Wealth appoints head of Investment & Production in India (Staffing) - February 2008; Bessemer Trust; 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; UK: Citibank targets expatriates by expanding its fund manager offering (Customer Targeting) - January 2008; US: Citi Global Wealth Management to acquire Legg Mason's trading and technology platforms (M&A) - February 2008; Singapore: Citibank opens Citigold Select Center in Paragon, Singapore (Organic growth) - February 2008; UK: Citibank opens new CitiGold branch at St Paul's (Organic growth) - February 2008; US: Citibank opens two wealth management offices in Boston (Organic growth) - February 2008; Hong Kong: Citibank announces new branches in Kowloon Bay and Tai Po, Hong Kong (Organic growth) - February 2008; Vietnam: Citi and CapitaLand sign MoU on Vietnam real estate-based investment fund (Partnership) - February 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; US: Credit Suisse Private Banking opens branch in Northbrook, Illinois (Organic growth) - February 2008; Europe: Credit Suisse hire European CEO (Staffing) - February 2008; DBS; Taiwan: DBS acquires Bowa Bank assets including 43 distribution outlets in Taiwan (M&A) - February 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; US: Deutsche Bank expands staff in its Dallas and Boston offices (Staffing) - February 2008; Julius Baer; Switzerland: Julius Baer opens a branch in Verbier to target holidaying clients (Customer targeting) - 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; Northern Trust; Asia: Northern Trust makes appointments to its Asia-Pacific team (Staffing) - February 2008; RBC Financial Group; Global/Canada: RBC Asset Management launches RBC O'Shaughnessy US Growth Fund II (Product innovation) - January 2008; India: RBC opens representative office in Mumbai (Organic growth) - February 2008; US: RBC to acquire Ferris, Baker Watts, Incorporated to expand its US wealth management business (M&A) - February 2008; Sarasin; Germany: Bank Sarasin expands its market presence in Germany (Organic growth) - February 2008; Qatar: Bank Sarasin expands its market presence in the Middle East (Organic growth) - February 2008; Switzerland: Bank Sarasin and AIG Private Bank name joint venture bank (Partnership) - February 2008; Schroders; Singapore: Schroders acquires private client advisory unit from Commonwealth Bank of Australia (M&A) - February 2008; Société Générale; Russia: Société Générale finalizes acquisition of majority stake in Rosbank (M&A) - February 2008; Standard Chartered; US: Standard Chartered completes acquisition of American Express Bank (M&A) - February 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; Index of strategies by geography; Western Europe; Switzerland: Credit Suisse promote a new regional head for Fribourg office (Staffing) - January 2008; Switzerland: Julius Baer opens a branch in Verbier to target holidaying clients (Customer targeting) - January 2008; Switzerland: Bank Sarasin and AIG Private Bank name joint venture bank (Partnership) - February 2008; France; France: KBC forms agreement to acquire Paris-based Richelieu Finance (M&A) - January 2008; Germany; Germany: Bank Sarasin expands its market presence in Germany (Organic growth) - February 2008; Spain; Spain: Morgan Stanley to sell Spanish wealth management business to La Caixa to focus on UHNW segment (Divestment) - January 2008; UK; UK: BNY Mellon Wealth Management appoints Rupert Phelps to London Family Office role (Staffing) - January 2008; UK: Barclays Wealth makes private banker appointment in UK (Staffing) - January 2008; UK: BNP Paribas names head of European equity derivatives flow sales (Staffing) - January 2008; UK: Standard Life Enters Discretionary Investment Management Market (Organic growth) - January 2008; UK: Citibank targets expatriates by expanding its fund manager offering (Customer Targeting) - January 2008; UK: Citibank opens new CitiGold branch at St Paul's (Organic growth) - February 2008; Russia; Russia: Merrill Lynch opens new office in Moscow (Organic growth) - January 2008; Russia: Société Générale finalizes acquisition of majority stake in Rosbank (M&A) - February 2008; North America; Global/Canada: RBC Asset Management launches RBC O'Shaughnessy US Growth Fund II (Product innovation) - January 2008; US; US: Bessemer Trust appoint new senior staff to its Boston office (Staffing) - January 2008; US: Citibank opens new wealth management financial center in Boston (Organic growth) - January 2008; 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; US: Wachovia Wealth Management targets attorneys in California (Customer targeting) - January 2008; US: Citi Global Wealth Management to acquire Legg Mason's trading and technology platforms (M&A) - February 2008; US: Citibank opens two wealth management offices in Boston (Organic growth) - February 2008; US: Credit Suisse Private Banking opens branch in Northbrook, Illinois (Organic growth) - February 2008; US: Deutsche Bank expands staff in its Dallas and Boston offices (Staffing) - February 2008; US: The Bank of New York Mellon to add wealth management positions (Staffing) - February 2008; US: RBC to acquire Ferris, Baker Watts, Incorporated to expand its US wealth management business (M&A) - February 2008; US: Standard Chartered completes acquisition of American Express Bank (M&A) - February 2008; US: BNY Mellon wealth management launches Internet platform: Private Workbench (Product innovation) - February 2008; Africa; Nigeria: Commerzbank opens wealth management representative office in Lagos (Organic growth) - January 2008; Middle East; Qatar: Bank Sarasin expands its market presence in the Middle East (Organic growth) - February 2008; Asia; Hong Kong: BNP Paribas appoints Asia (Ex-Japan) CEO (Staffing) - January 2008; Asia: ANZ announces expansion plans for Asia private banking business (Organic growth) - February 2008; Singapore: Citibank opens Citigold Select Center in Paragon, Singapore (Organic growth) - February 2008; Hong Kong: Citibank announces new branches in Kowloon Bay and Tai Po, Hong Kong (Organic growth) - February 2008; Vietnam: Citi and CapitaLand sign MoU on Vietnam real estate-based investment fund (Partnership) - February 2008; Taiwan: DBS acquires Bowa Bank assets including 43 distribution outlets in Taiwan (M&A) - February 2008; Asia: Northern Trust makes appointments to its Asia-Pacific team (Staffing) - February 2008; Singapore: Schroders acquires private client advisory unit from Commonwealth Bank of Australia (M&A) - February 2008; Australia; Australia: Westpac targets less affluent customers with financial planning services (Customer targeting) - January 2008; India; India: Credit Suisse granted Portfolio Management Scheme License in India (Organic Growth) - January 2008; India: Barclays Wealth appoints head of Investment & Production in India (Staffing) - February 2008; India: RBC opens representative office in Mumbai (Organic growth) - February 2008; Index of strategies by trend; M&A; France: KBC forms agreement to acquire Paris-based Richelieu Finance (M&A) - January 2008; Spain: Morgan Stanley to sell Spanish wealth management business to La Caixa to focus on UHNW segment (Divestment) - January 2008; US: Citi Global Wealth Management to acquire Legg Mason's trading and technology platforms (M&A) - February 2008; Taiwan: DBS acquires Bowa Bank assets including 43 distribution outlets in Taiwan (M&A) - February 2008; US: RBC to acquire Ferris, Baker Watts, Incorporated to expand its US wealth management business (M&A) - February 2008; Singapore: Schroders acquires private client advisory unit from Commonwealth Bank of Australia (M&A) - February 2008; Russia: Société Générale finalizes acquisition of majority stake in Rosbank (M&A) - February 2008; US: Standard Chartered completes acquisition of American Express Bank (M&A) - February 2008; Partnerships; Switzerland: Bank Sarasin and AIG Private Bank name joint venture bank (Partnership) - February 2008; Organic Growth; UK: Standard Life Enters Discretionary Investment Management Market (Organic growth) - January 2008; UK: Standard Life Enters Discretionary Investment Management Market (Organic growth) - January 2008; Russia: Merrill Lynch opens new office in Moscow (Organic growth) - January 2008; US: Citibank opens new wealth management financial center in Boston (Organic growth) - January 2008; Nigeria: Commerzbank opens wealth management representative office in Lagos (Organic growth) - January 2008; India: Credit Suisse granted Portfolio Management Scheme License in India (Organic Growth) - January 2008; Asia: ANZ announces expansion plans for Asia private banking business (Organic growth) - February 2008; Singapore: Citibank opens Citigold Select Center in Paragon, Singapore (Organic growth) - February 2008; UK: Citibank opens new CitiGold branch at St Paul's (Organic growth) - February 2008; US: Citibank opens two wealth management offices in Boston (Organic growth) - February 2008; Hong Kong: Citibank announces new branches in Kowloon Bay and Tai Po, Hong Kong (Organic growth) - February 2008; US: Credit Suisse Private Banking opens branch in Northbrook, Illinois (Organic growth) - February 2008; India: RBC opens representative office in Mumbai (Organic growth) - February 2008; Germany: Bank Sarasin expands its market presence in Germany (Organic growth) - February 2008; Qatar: Bank Sarasin expands its market presence in the Middle East (Organic growth) - February 2008; Staffing; Switzerland: Credit Suisse promote a new regional head for Fribourg office (Staffing) - January 2008; UK: BNY Mellon Wealth Management appoints Rupert Phelps to London Family Office role (Staffing) - January 2008; UK: Barclays Wealth makes private banker appointment in UK (Staffing) - January 2008; UK: BNP Paribas names head of European equity derivatives flow sales (Staffing) - January 2008; US: Bessemer Trust appoint new senior staff to its Boston office (Staffing) - January 2008; 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; Hong Kong: BNP Paribas appoints Asia (Ex-Japan) CEO (Staffing) - January 2008; India: Barclays Wealth appoints head of Investment & Production in India (Staffing) - February 2008; US: Deutsche Bank expands staff in its Dallas and Boston offices (Staffing) - February 2008; US: The Bank of New York Mellon to add wealth management positions (Staffing) - February 2008; Asia: Northern Trust makes appointments to its Asia-Pacific team (Staffing) - February 2008; Product innovation; Global/Canada: RBC Asset Management launches RBC O'Shaughnessy US Growth Fund II (Product innovation) - January 2008; US: BNY Mellon wealth management launches Internet platform: Private Workbench (Product innovation) - February 2008; Property investment; Vietnam: Citi and CapitaLand sign MoU on Vietnam real estate-based investment fund (Partnership) - February 2008; Customer targeting; Switzerland: Julius Baer opens a branch in Verbier to target holidaying clients (Customer targeting) - January 2008; UK: Citibank targets expatriates by expanding its fund manager offering (Customer Targeting) - January 2008; US: Wachovia Wealth Management targets attorneys in California (Customer targeting) - January 2008; Australia: Westpac targets mass affluent customers with financial planning services (Customer targeting) - January 2008; Further reading; Ask the analyst; Datamonitor consulting; Disclaimer

Abstract

Introduction

This monthly tracker covers product innovation, customer targeting, M&A, partnerships, organic growth, and staffing activity globally in the wealth management space.

Reasons to Purchase

Track the strategies announced by 50+ of your key competitors

Assess which geographies and strategic areas are seeing the most activity

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Wealth Management Competitor Tracker, February 2008

Table of Contents

Abstract