Wealth Management Competitor Tracker, October 2008

Published by: Datamonitor

Published: Dec. 9, 2008 - 27 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 October

There were some notable developments within the wealth management industry during October

Mitsubishi UFJ closes $9 billion equity investment in Morgan Stanley

UBS receives capital injection and transfers illiquid assets to the Swiss government

Wachovia and Wells Fargo to merge

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

There were a total of 14 competitor developments in October

M&A activity dominated the wealth market in October

Competitor activity continued to remain strong in Europe and Asia

Product innovation and customer targeting

Citibank

Citibank launches investment offerings at Citigold & Citigold Premium customers in Japan

Mellon Financial Corp.

BNY Mellon Wealth Management launches new municipal bond strategy

M&A, Partnerships and Organic Growth

BNP Paribas

BNP Paribas rebrands its private banking business BNP Paribas Wealth Management

Deutsche Bank

Deutsche Bank begins growth program in its Private and Business Clients division

Morgan Stanley

Mitsubishi UFJ closes $9 billion equity investment in Morgan Stanley

Santander

Banco Santander to acquire Sovereign Bancorp

Standard Chartered

Standard Chartered to acquire Asia Trust and Investment Corporation

UBS

UBS receives capital injection and transfers illiquid assets to the Swiss government

United Overseas Bank (UOB)

UOB increases its holding in Southern Bank, Vietnam

Vontobel

Swiss private bank Vontobel begins expansion phase in Germany

Wachovia

Wachovia and Wells Fargo merger

Staffing

Bank of America

Bank of America announces future Global Banking, Securities and Wealth Management leadership team

Credit Suisse

Credit Suisse appoints Ray McGregor as head of Private Banking Australia

Société Générale

SG Private Banking strengthens its teams in the Middle East

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: There was a sharp drop in the number of total developments in October

Figure 2: The majority of developments for the month was in M&A activity, while staffing changes declined

Figure 3: Europe and Asia continued to see the majority of activity in October

Abstract

• Track the strategies announced by 50+ of your key competitors.
• Assess which geographies and strategic areas are seeing the most activity.

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 300,000 market research reports, company profiles and country profiles from over 700 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.