Wealth Management Competitor Tracker, September 2009

Published by: Datamonitor

Published: Oct. 29, 2009

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 September

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

ANZ to acquire full ownership of ING wealth management, life insurance and advice businesses in Australia and New Zealand

Westpac to own 100% of Ascalon Capital Managers

In September, activity in the wealth management market picked up slightly

There were a total of 22 competitor developments in September

Most of the wealth developments this month were staffing changes and M&A activity

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

Product innovation and customer targeting

Citibank

Citibank launches investment advisory service for affluent clients in Singapore

Credit Suisse

Credit Suisse launches the indexed investment group for private investors in pensions

M&A, Partnerships and Organic Growth

ANZ

ANZ to acquire full ownership of ING wealth management, life insurance and advice businesses in Australia and New Zealand

BNP PARIBAS

BNP Paribas wealth management begins its operations in Germany

BNP Paribas Securities Services to provide global custody services to CDG Capital

Citibank

Citibank Taiwan completes business integration and relocation of its headquarters

Citi inaugurates new branch in Budapest

KBC

KBL Securities and KBL European Private buy 4.89% stake in Kredyt Bank from Sofina Group

Nordea

Nordea acquires Fionia Bank

Northern Trust

Northern Trust opens branch office in Stockholm

Westpac

Westpac to own 100% of Ascalon Capital Managers

Staffing

Barclays

Barclays Wealth appoints head of investment strategy for EMEA

Barclays Wealth appoints new head of sales of Barclays Wealth Managers España

Barclays Wealth appoints John Saunders

Barclays Wealth appoints head of active advisors for North Asia

Barclays Wealth appoints new director for its international private banking team

Barclays Wealth appoints head of Spanish business

Barclays Wealth appoints head of South East Asia and South Asia and market manager for the South Asian community

Citibank

Debashish Duttagupta appointed as head of investments for Asia Pacific wealth management

Credit Agricole

Youssef Dib takes over as head of private banking at Crédit Agricole Suisse

Morgan Stanley

Morgan Stanley Private Wealth Management appoints Mauricio Sanchez as head of Latin America

RBC

Vijay Parmar appointed president of RBC Phillips, Hager & North Investment Counsel

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 lifted slightly in September

Figure 2: Developments in the staffing and M&A categories increased over 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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