Wealth Management Competitor Tracker, August 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 August

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

Commerzbank acquires Dresdner Bank

Wealth managers continued to expand their presence in the emerging markets around the world

There were a high number of staffing changes in August

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

There were a total of 27 competitor developments in August

Staffing continued to be a key area for developments, whilst there was a fall in M&A activity for the month

Europe and Asia account for the majority of competitor activity, while North America continued to remain slow

Product innovation and customer targeting

Barclays

Barclays Wealth host potential and existing private clients at Singaporean arts festival

Barclays Wealth launches protected investments at cautious investors

Deutsche Bank

Deutsche Bank launches index to hedge Asian inflation

M&A, Partnerships and Organic Growth

Citigroup

Citi China strengthens Shanghai presence with new wealth management outlet

Citibank open new wealth management branch in Hungary

Commerzbank

Commerzbank acquires Dresdner Bank

HSBC

HSBC launches wealth management services in Xi'an, China

Julius Baer

Bank Julius Baer obtains license to open representative office in Istanbul, Turkey

Staffing

ANZ

Senior ANZ appointments in Asia Pacific

Bank of America

Bank of America announces Premier Banking & Investments Northwest division executive

Barclays

Barclays Wealth bolsters Edinburgh office with two senior hires

Barclays Wealth makes strategic hire in response to wealth growth in Asia

Barclays Wealth expands its intermediaries offering in Hong Kong

Barclays Wealth announces key appointments to Belfast office

Thomas Rostron joins Barclays Wealth as head of retail product

Barclays Wealth appoints Nitin Birla as head of its Hong Kong desk

Barclays Wealth recruit senior leadership members, including a new head of EMEA operations

Citigroup

New organizational structure for Citi Asia Pacific

Credit Suisse

Paul Arni to become Credit Suisse's new head of region Zurich

Credit Suisse appoint Hans-Ulrich Meister as Switzerland CEO

Deutsche Bank

Deutsche Bank appoints head of Private Wealth Management Australia and New Zealand

Mellon Financial Corp.

BNY Mellon appoints London-based client relationship manager

Morgan Stanley

Morgan Stanley hires team to extend coverage of the Native American market

Northern Trust

Northern Trust hires new staff to support growth of its global fund services business

Northern Trust hires senior relationship manager for Netherlands

OCBC

OCBC Bank appoints new CEO for Malaysia

Wachovia

Wachovia wealth management expands operations in Richmond, USA

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: Wealth management activity continues to remain slow amid the global credit crunch

Figure 2: Staffing was the main focus for wealth management competitors during August

Figure 3: Europe and Asia continued to see the majority of the market's activity in the month

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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