Wealth Management Competitor Tracker, December 2008

Published by: Datamonitor

Published: Feb. 12, 2009 - 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 December

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

Lloyds TBS receives government approval for the acquisition of HBOS

Merrill Lynch shareholders approve takeover by Bank of America

Wachovia shareholders approve Wells Fargo merger

PNC completes acquisition of National City

St.George Bank merges with Westpac Banking Corporation

Fortis Bank Nederland transfers shares in ABN AMRO holding company to Dutch state

Bank of America plans to reduce workforce

In December, activity in the wealth management market continued to increase

There were a total of 30 competitor developments in December

M&A activity accounted for the majority of developments in December

Europe was the busiest region for wealth management activity in December

Product innovation and customer targeting

Sarasin

Bank Sarasin creates new trading and family offices division

M&A, Partnerships and Organic Growth

ANZ

ANZ continues its expansion in Indonesia

Citigroup

Citibank opens branch in Ufa, Russia

Citi enters into an agreement to sell NikkoCiti Trust and Banking Corporation

Citibank expands local operations in Hungary and Slovakia

Commerzbank

Supervisory board of Commerzbank agrees to speed up takeover of Dresdner Bank

Deutsche Bank

Deutsche Bank's alternative investment business completes acquisition of Rosen Real Estate Securities

Fortis

Fortis Bank Nederland transfers shares in ABN AMRO holding company to Dutch state

Intesa Sanpaolo

Intesa Sanpaolo sells its stake in Centrale Dei Bilanci

Julius Baer

Julius Baer opens branch in St. Moritz, Switzerland

Lloyds TSB

Lloyds TBS receives government approval for the acquisition of HBOS

Merrill Lynch

Merrill Lynch shareholders approve takeover by Bank of America

Monte Paschi di Sienna (MPS)

Banca Antonveneta commences operations in Italy

Morgan Stanley

Morgan Stanley and Citi enter into a joint venture

Nordea Bank

Nordea to acquire the remaining JSB Orgresbank shares

Northern Trust

Northern Trust announces new expansion plans for Australia

OCBC

OCBC Al-Amin starts operations with a new branch in Petaling Jaya, Malaysia

PNC

PNC completes acquisition of National City

RBC

RBC to acquire Mourant Private Wealth

UBS

UBS announces sale of its Bank of China stake

UniCredit Group

UniCredit Group sells B&C profit participation rights to B&C Holding

Wachovia

Wachovia shareholders approve Wells Fargo merger

Westpac Banking Group (WBC)

St.George Bank merges with Westpac Banking Corporation

Staffing

Bank of America

Bank of America announces key leadership positions

Bank of America plans to reduce workforce

KBC

Appointment to the executive committee of CBC Banque

National Australia Bank

Integration of CEO roles across the group and the Australian region

Société Générale

Appointment of Xavier Denis as economist and strategist at SG private banking

Société Générale private banking strengthens its teams

Westpac Banking Group (WBC)

Westpac New Zealand appoint new chief executive

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: Activity in the wealth market continued to climb in December

Figure 2: M&A related activity dominated the wealth market in December

Figure 3: The majority of wealth developments occurred in Europe during December

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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