Wealth Management Competitor Tracker, July 2009

Published by: Datamonitor

Published: Aug. 14, 2009 - 30 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 July

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

National Australia Bank buys majority stake in Goldman Sachs wealth management unit

Standard Chartered Private Bank launches new expat service for Australians

In July, activity in the wealth management market remained slow

There were a total of 17 competitor developments in July

Staffing changes have accounted for the largest share of wealth developments since January 2009

European countries saw the largest share of wealth management activity in July

Product innovation and customer targeting

Mayfair Wealth Management

Mayfair Wealth Management launches investment service for female investors in the Middle East

Sarasin

Sarasin launches sustainable property shares fund

Standard Chartered

Standard Chartered Private Bank launches new expat service for Australians

M&A, Partnerships and Organic Growth

Citibank

Citibank China receives approval to open Chongqing branch

HSBC

HSBC opens new branch in China

Julius Baer

Julius Baer announces the opening of its Munich branch

Mellon Financial Corporation

Bank of New York Mellon announces that it will sell Mellon United National Bank to Banco Sabadell

NAB

National Australia Bank buys majority stake in Goldman Sachs wealth management unit

UBS

UBS Saudi Arabia receives commencement letter in Saudi Arabia

Staffing

Barclays

Barclays Wealth names Mitch Cox as head of global investment and product office

Bessemer Trust

Bessemer Trust appoints W David Bunce as head of southeast US

Bessemer Trust appoints Jeff J Glowacki as senior resident officer

Credit Suisse

Credit Suisse appoints Stefan Keitel as the chief investment officer

Investec

Investec appoints Eric Ebermeyer as chief investment officer and head of portfolio management

Morgan Stanley

Morgan Stanley appoints Sandeep Jain as private wealth advisor in Mumbai

Société Générale

Société Générale (SG) appoints Patrick Follea as head of Société Générale private banking

Standard Chartered

Standard Chartered announces expansion plans for priority banking in Singapore

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 remained relatively low in July

Figure 2: Staffing accounted for almost half the total wealth developments for the month

Figure 3: Wealth management activity was strongest in Europe in July

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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