Wealth Management Competitor Tracker, January 2009

Published by: Datamonitor

Published: Mar. 9, 2009 - 13 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 January

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

Bank of America completes Merrill Lynch purchase

Commerzbank completes takeover of Dresdner Bank

Wells Fargo completed merger with Wachovia

Citibank to form joint venture with Morgan Stanley

In January, activity in the wealth management market decreased

There were a total of 22 competitor developments in January

Staffing accounted for the majority of developments in January

Europe remained the busiest region for wealth management activity

Product innovation and customer targeting

Citibank

Citigold Wealth Management introduces a promotional program

Deutsche Bank

Deutsche Bank launches Sharia-compliant issuance platform to Islamic investors

Santander

Santander offers an investment solution to its private banking clients

M&A, Partnerships and Organic Growth

Bank of America

Bank of America completes Merrill Lynch purchase

Citigroup

Citibank to form joint venture with Morgan Stanley

Citibank to segregate its business

Commerzbank

Commerzbank completes takeover of Dresdner Bank

Deutsche Bank

Deutsche Bank and Shanxi Securities China joint venture approved

Deutsche Bank and Deutsche Post improve structure of Postbank acquisition

RBC Financial Group

RBC opens financial advisory office in Brazil

Wells Fargo

Wells Fargo completed merger with Wachovia

Staffing

ANZ

ANZ appoints new CEO for China division

Bessemer Trust

Bessemer Trust appoints new business development officer

BNP Paribas

New hiring at senior level at BNP Paribas

Commerzbank

Martin Blessing to be the new chairman of Dresdner bank

Deutsche Bank

Deutsche bank announces appointments at senior level

ING

Jan Hommen to replace Michel Tilmant as CEO of ING Group

Northern Trust

Northern Trust appoints new CEO and president of Minnesota

RBC Financial Group

New team hired to cater to non-resident Indians in Europe and Asia

Sal. Oppenheim

Sal. Oppenheim Austria expands its board of members

Société Générale

SG Private Banking appoints new managing director for Switzerland

UBS

Toshiharu Kojima appointed to lead UBS in Japan

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 management market declined in January

Figure 2: Staffing activity dominated the wealth market in January

Figure 3: The majority of developments occurred in Europe during January

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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