Wealth Management Competitor Tracker, July 2008

Published by: Datamonitor

Published: Oct. 24, 2008 - 10 Pages

Table of Contents

Overview

Catalyst

Summary

Methodology

Table of Contents

Introduction

The Wealth Management Competitor Tracker provides both one month and 12 month views of developments

Each month, Datamonitor tracks the most relevant announcements from 57 competitors

Datamonitor's Wealth Management Team provides analysis of the key developments at both the one month and 12 month level

A fully searchable database of the past 12 months of developments is also delivered alongside the report

Key Trends and Developments in July

There were several notable developments within the wealth management industry during July

Deutsche Bank signs agreement to purchase ABN AMRO's private and commercial banking businesses

Banco Santander to purchase UK's Alliance & Leicester

Wealth managers continued to expand their presence in new and emerging markets around the globe

Several large wealth managers announced top level staffing changes in July

In July, the market continued its slowdown of wealth management activity

July saw a total of 27 competitor developments

The majority of developments were in staffing and M&A, however July was another slow news month

Europe and Asia account for the majority of competitor activity, while North America was very quiet

Product innovation and customer targeting

ANZ

ANZ Private Bank launches financial advisory service in Hong Kong

BNY Mellon

BNY Mellon offers collateralized lending to wealth managers with Nexus Loans

M&A, Partnerships and Organic Growth

ANZ

New ANZ office positions Hong Kong as regional hub for business expansion across Asia

BSI

BSI AG (Generali) obtains CBB license and opens its representative office in the Kingdom of Bahrain

Credit Suisse

Credit Suisse to start private banking operations in Japan

Deutsche Bank

Deutsche Bank signs agreement to purchase ABN AMRO's private and commercial banking businesses

Deutsche Bank Russia opens St. Petersburg client support office for Private Wealth Management

KBC

KBC finalizes acquisition of Istrobanka in Slovakia

Monte Paschi di Siena (MPS)

MPS reaches agreement to sell shares in Banca Monte Parma

Santander

Banco Santander to purchase UK's Alliance & Leicester

Sarasin

Bank Sarasin obtains license to open subsidiary in Bahrain

Sarasin-Alpen receives advisory license for the Sultanate of Oman

Société Générale (SG)

SG Hambros acquires ABN AMRO's private banking business in Gibraltar

Staffing

Barclays

Barclays Wealth makes hire in response to client growth in South Yorkshire

Barclays Wealth hires senior banker in India

Barclays Wealth announces new hires to its financial planning team and new office head in Edinburgh

Credit Suisse

James Leigh-Pemberton Appointed CEO of Credit Suisse in the UK

Clariden Leu

Clariden Leu steps up business with Basel-based Private Clients

Julius Baer

Johannes A. de Gier retires as Group CEO of Julius Baer

Lloyds TSB

Lloyds TSB wealth management appoints regional sales director for central England

Morgan Stanley

Morgan Stanley Private Wealth Management appoints wealth managers for Latin America

Morgan Stanley appoints investment manager for Mexico

Northern Trust

Northern Trust appoints deputy chief representative in China

Northern Trust announces new head of operations in Singapore

Bank Sarasin

Bank Sarasin appoints Reto Marx head of Southeast Asia

Wachovia

Wachovia names Robert Steel CEO and president

Wachovia hires industry veteran to lead Florida high net worth segment

Appendix

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: The 57 companies covered by Datamonitor's Wealth Management Competitor Tracker

List of Figures

Figure 1: The wealth management market continued its summer slowdown in July

Figure 2: There was a slight increase in activity in July over the previous month, although it was still below the 12 month average

Figure 3: Europe and Asia accounted for the majority of the activity in July

Abstract

• 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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