Wealth Management Competitor Tracker, February 2009

Published by: Datamonitor

Published: Apr. 22, 2009 - 286 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 February

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

RBC's takeover of Mourant Private Wealth closed

Hang Seng completes Yantai City Commercial Bank deal in mainland China

Barclays completes acquisition of Akita

Deutsche Bank and Deutsche Post close Postbank transaction

In February, activity in the wealth management market declined

There were a total of 17 competitor developments in February

Staffing continued to account for the majority of developments in the month

Wealth management activity was fairly evenly spread over the major regions around the world

Product innovation and customer targeting

Citigroup

Citibank launches income generating products at investors

M&A, Partnerships and Organic Growth

Barclays

Barclays completes acquisition of Akita

Citigroup

Citibank opens new banking centre in Godollo, Hungary

Deutsche Bank

Deutsche Bank and Deutsche Post close Postbank transaction

HSBC

Hang Seng completes Yantai City Commercial Bank deal in mainland China

RBC

RBC's takeover of Mourant Private Wealth closed

Standard Chartered

Standard Chartered completes acquisition of Cazenove Asia Limited

Société Générale

SG Private Banking creates a global centre for real estate offering

Staffing

ABN AMRO

Appointment of ABN AMRO and Fortis Bank Nederland transition team

ANZ

ANZ appoints Asia Pacific strategy head

Lee Hsien Yang joins ANZ board

Barclays

Sharad Nair joins Barclays Wealth as director

Barclays Wealth hires Robert Lynch as head of credit structuring

BBVA

Eduardo Aguirre is appointed to the board of directors of BBVA Compass

Bessemer Trust

Holly Isdale is appointed managing director and deputy head of Family Wealth Advisory Services

Northern Trust

Northern Trust appoints two senior hires to its Personal Financial Services team

UBS

UBS appoints Oswald J. Grübel as Group Chief Executive Officer

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 continued to decline in February

Figure 2: Staffing and M&A developments represented most of the wealth activity in February

Figure 3: Developments in Europe, Asia Pacific and North America were evenly split for 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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