Wealth Management Competitor Tracker, April 2009

Published by: Datamonitor

Published: Jun. 2, 2009 - 264 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 April

There were a few notable developments within the wealth management industry during April

UBS sells its Brazilian operation UBS Pactual, the third asset sale since December 2008

Several wealth managers strengthened their teams over the month

In April, activity in the wealth management market picked up

There were a total of 24 competitor developments in April

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

Wealth managers were most active in European markets

Product innovation and customer targeting

BNP Paribas

Cardif Asset Management to become CamGestion

Deutsche Bank

Deutsche Bank to serve its private clients in Switzerland under its own brand

Mellon Financial Corp

Pershing launches RIA Complete

OCBC Bank

OCBC Al-Amin offers Sharia-compliant cash management solutions

M&A, Partnerships and Organic Growth

BNP Paribas

BNP Paribas ties up with Geojit

Citigroup

Citibank opens a new branch in Moscow

Credit Suisse

Credit Suisse opens a new branch in Taipei, Taiwan

UBS

UBS sells its Brazilian operation, UBS Pactual

Staffing

ANZ

Management restructuring at ANZ

Barclays

Barclays Wealth appoints head of philanthropy

Barclays Wealth strengthens Wealth Advisory arm with two senior appointments

Citigroup

Citi appoints Mike Corbat as CEO of Citi Holdings

Citi appoints Eric Aboaf as treasurer

Citi appoints Deborah Doyle McWhinney as head of Citi Personal Wealth Management

Crédit Agricole

Alessandra Gaudio appointed as CEO and chief investment officer at Gestion Privée Indosuez

Banque de Gestion Privée Indosuez appoints Bruno Darcet to head of client services

Credit Suisse

Credit Suisse appoints Lim Eng Guan as managing director and market leader

Deutsche Bank

Deutsche Bank appoints Mounir Husseini as chief country officer for the UAE and general manager of its branch at the Dubai International Financial Centre

HSBC

HSBC appoints Destine Bailey to manage its new branch

Julius Baer

Boris Collardi appointed as the new CEO of Bank Julius Baer

Morgan Stanley

Irl Solomon joins Morgan Stanley Private Wealth Management

Northern Trust

Northern Trust appoints new head of investment risk and analytical services for Asia Pacific region

Northern Trust appoints Revel Wood as head of client service and business development

UBS

UBS appoints Ulrich Körner group COO and CEO of Corporate Center

Wells Fargo

Wells Fargo Wealth Management Group appoints six regional managing directors

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 industry increased in April

Figure 2: Staffing changes continued to be the most dominate category for wealth activity in April

Figure 3: European markets saw the majority of wealth management developments 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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