Wealth Management Competitor Tracker, August 2009

Published by: Datamonitor

Published: Sep. 18, 2009 - 19 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 August

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

ANZ reaches an agreement to buy select RBS businesses in Asia

Commerzbank disposes of Dresdner Bank (Switzerland)

Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership

In August, activity in the wealth management market remained slow

There were a total of 17 competitor developments in August

The majority of wealth developments this month were evenly split between M&A activity and staffing changes

European and Asian countries saw the largest shares of wealth management activity in August

Product innovation and customer targeting

HSBC

HSBC New Zealand offers emerging market funds to affluent clients

M&A, Partnerships and Organic Growth

ANZ

ANZ reaches an agreement to buy select RBS businesses in Asia

Bank of East Asia

Bank of East Asia opens first branch in Taiwan

Citigroup

Citi expands banking network in mainland China

Commerzbank

Commerzbank sells Dresdner Bank (Switzerland) to LGT

Commerzbank transfers Reuschel to Conrad Hinrich Donner Bank

Deutsche Bank

Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership

Mellon Financial Corporation

BNY Mellon expands in Hong Kong

Sarasin

Bank Sarasin continues to grow in Nuremberg

Staffing

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank appoints Malik Sarwar head of global wealth management

Bank of America

Bank of America announces new head of global wealth and investment management

Barclays

Barclays Wealth appoints head of multi-manager and third-party funds

Barclays Wealth appoints new general manager for the Dubai office

Alan Edwards joins Barclays Wealth as regional head for the Manchester and Leeds offices

HSBC

HSBC Private Bank appoints Allison Mahoney as senior vice president

Bernard Rennell becomes global head of private wealth solutions at HSBC

Northern Trust

Lesley Hodgson joins Northern Trust as head of wealth management in the Channel Islands

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 continued to remain fairly depressed in August

Figure 2: M&A based activity increased while staffing changes remained steady in August as compared to the previous month

Figure 3: Wealth management activity continued to remain weak in North America

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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