Wealth Management Competitor Tracker, March 2009

Published by: Datamonitor

Published: May. 29, 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 March

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

New terms governing the acquisition of Fortis's activities

BMPS approves the merger-by-incorporation of Banca Toscana

UBS Agrees to Sell 55 Branches to Stifel, Nicolaus & Company

In March, activity in the wealth management market remained scarce

There were a total of 17 competitor developments in March

Staffing and M&A activity continued to account for the majority of developments in the month

In March, wealth managers were fairly active in Europe followed by North America

Product innovation and customer targeting

Citigroup

Citi offers OpenWealth for servicing the wealth management industry

OCBC Bank

OCBC Al-Amin offers Shariah-compliant unit trust products to Islamic investors

RBC

Ferris, Baker Watts to operate as RBC Wealth Management

UBS

UBS Launches Real-Time Transaction Cost Analysis in Europe

M&A, Partnerships and Organic Growth

BNP Paribas

New terms governing the acquisition of Fortis's activities

BMPS

BMPS approves the merger-by-incorporation of Banca Toscana

Northern Trust

Western National Trust Company selects the TrustPortal solution for wealth management

Sarasin

Sarasin opens new representation in Warsaw

UBS

UBS Agrees to Sell 55 Branches to Stifel, Nicolaus & Company

Staffing

Bank of America

Larry Schwartz joins Merrill Lynch Chicago as first vice president of investments

Barclays

Barclays Wealth appoints Greg Ellison as managing director

Citigroup

Citi announces senior management changes

Credit Suisse

Rolf Bögli becomes new head of Private Banking, Switzerland

Deutsche Bank

Four new members appointed to Deutsche Bank's management board

Deutsche Securities appoints Naoki Kamiyama as chief equity strategist to its Global Markets Research team

Deutsche Bank appoints a new chief country officer

UBS

UBS moves to a lean management structure in Switzerland

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: The wealth management industry continued to produce relatively little corporate activity in March

Figure 2: Staffing changes were the most dominate category for wealth activity in March

Figure 3: Europe witnessed 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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