Asset Management Competitor Tracker, Q2 2009

Published by: Datamonitor

Published: Aug. 4, 2009 - 34 Pages

Table of Contents

Overview

Catalyst

Summary

Methodology

Table of Contents

INTRODUCTION

The Asset Management Competitor Tracker provides both one month and 12 month views of developments

Each quarter, Datamonitor tracks the most relevant announcements from 49 competitors

Datamonitor's asset management team provides analysis of the key developments

A fully searchable database containing the past 12 months of developments is also delivered alongside the report

KEY TRENDS AND DEVELOPMENTS IN Q2 2009

Although the asset management industry remains depressed, positive signs begin to emerge

Q2 2009 registered 57 competitor developments

Capital constraints and low profitability inhibit consolidation and force asset managers to bide their time

In June 2009, M&A levels were the second lowest for the year and there was only one organic growth development in Q2

Q2 sees product innovation remain prominent and a return to customer targeting

Product innovation and exchange traded funds

Market activity returns to the core economic regions of Europe and North America, while some firms are embracing the developing market opportunities

Product innovation and customer targeting

Aviva

Hibernian Aviva launches an array of funds for Irish customers - May 09

Aviva enhances its retirement products - May 09

Hibernian Aviva introduces fixed rate deposit fund for pension investors - June 09

Bank of New York Mellon

Pershing launches start-up simulator tool and a guidebook for hedge fund consulting services - April 09

Mellon Asset Management introduces an emerging markets equity fund managed by Blackfriars Asset Management - May 09

BNY Mellon Pershing announces the addition of three fund companies to FundVest - May 09

BNY Mellon Pershing adds seven fund companies to Nexus Funds - May 09

Barclays

Barclays introduces three year fixed rate savings bond - May 09

BNP Paribas

Harewood Asset Management announces the launch of Harewood Euro Long-Dividends - May 09

Harewood Asset Management introduces Harewood Quant' Guru Europe Equity fund - June 09

Citigroup

Citi announces the launch of hedge fund middle office services - May 2009

Citi launches Easypay and Growth - May 09

Citi announces the launch of fund governance portal - June 09

Citi partners with AEGON Subsidiary TKP Investments to launch its advanced pooling solution - June 09

Credit Suisse

Credit Suisse launches a new global macro replication index - April 09

Deutsche Bank

Deutsche Bank introduces Platinum IV enhanced US treasury fund - April 09

Deutsche Bank announces the launch of a three year USD bond in Taiwan - May 09

Deutsche Bank announces the issue of Pfandbrief bond - June 09

Deutsche Bank inaugurates UCITS III CROCI carbon funds - June 09

Franklin Templeton

Franklin Templeton announces mutual international fund - May 09

Goldman Sachs

Goldman Sachs Asset Management raises $5.5 billion from GS Vintage Fund V - April 09

Goldman Sachs Asset Management introduces credit strategies fund - June 09

Henderson Global Investors

Henderson inaugurates Central London Office Fund II - May 09

Intesa Sanpaolo

Intesa Sanpaolo announces two venture capital funds for business innovation and development - May 09

Invesco

Invesco PowerShares announces modifications in ETF portfolio - May 09

Morgan Stanley

Morgan Stanley Fund Services announces the introduction of Stratum - June 09

Pictet & Cie

Pictet & Cie introduces PF (Lux)-agriculture fund - May 09

M&A, Partnerships and Organic Growth

Allianz

Allianz and ICBC announce the completion of share transfer - April 09

Allianz sets up an asset management joint venture company in India - April 09

Bank of New York Mellon

AdvisorShares ETF Trust appoints BNY Mellon Asset Servicing to provide services - April 09

Christian Brothers selects BNY Mellon Asset Servicing to provide fund services - June 09

BNY Mellon enters into a new partnership with Sumitomo Mitsui Asset Management - May 09

Barclays

Barclays announces the sale of iShares - April 09

BlackRock

Barclays' board accepts BlackRock's offer to acquire BGI - June 09

Citigroup

Majad Al Futtaim Asset Management selects Citi to provide fund services - June 09

Commerzbank

Dresdner Bank merged into Commerzbank - May 09

Credit Suisse

Credit Suisse and Woori Financial Group end their partnership - April 09

Fortis

Fortis holdings announce closure of transactions - May 09

HSBC

HSBC to increase its stake in Investsmart - June 09

JPMorgan Chase

JPMorgan China opens branch in Guangzhou- May 09

Arden to manage fund of funds portfolio for JP Morgan's Investment Bank - June 09

Julius Baer

Julius Baer to acquire Alpha SIM - May 09

GAM to acquire Augustus Asset Managers - April 09

Old Mutual

Old Mutual not to acquire ABN AMRO TEDA Fund Management - May 09

UBS

UBS disposes UBS Pactual for around $2.5 billion (CHF2.8 billion) - April 09

State Street

Caxton Associates selects State Street to provide hedge fund administration - June 09

Société Générale

Société Générale asset management completes the sale of SGAM UK - April 09

Bibliography

Appendix

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: The 49 companies covered by Datamonitor's Asset Management Competitor Tracker

List of Figures

Figure 1: Total developments remain roughly constant

Figure 2: Competitor developments remain extremely low, but retain a more even split by type

Figure 3: M&A, partnerships and organic growth split: M&A remains sluggish with almost non-existent organic growth

Figure 4: Product innovation and customer targeting split: product innovation dominates, although some customer targeting was seen in Q2 2009

Figure 5: The product innovation split reveals the rising importance of delivery: trading platforms and support services are on the rise

Figure 6: Q2 market activity was focused within Asia, Europe and North America

Abstract

• Track the strategic developments announced by your key competitors.
• Assess which geographies and strategic areas are seeing the most activity.

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