Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Wealth Management Competitor Tracker provides both one month and 12 month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 55 competitors 3
Datamonitor's Wealth Management Team provides analysis of the key developments at both the one month and 12 month level 3
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in October 5
There were some notable developments within the wealth management industry during October 5
Standard Chartered launches a new service for non resident Indians (NRIs) in UAE 5
BNP Paribas transfers the wealth management businesses in Panama, Grand Cayman and the Bahamas 5
Citigroup continued its focus on South Asia 6
In April, the wealth management market regained its momentum 7
There were a total of 29 competitor developments in April 7
M&A and staffing activities were pre-dominant in the wealth market in April 8
Competitor activity continued to remain strong in Europe and Asia 9
Product innovation and customer targeting 10
Barclays 10
Barclays Wealth launches Growthbuilder with a lock-in return of 6.6% 10
Citigroup 10
Citibank launches CitiGold Private Client for high net worth Individuals 10
Credit Agricole 10
Credit Agricole Private Equity's FCPI funds to help in tax savings 10
Deutsche Bank 11
Deutsche Bank's combines its existing private equity funds 11
Standard Chartered 11
Standard Chartered launches a new service for non resident Indians (NRIs) in UAE 11
M&A, Partnerships and Organic Growth 12
ANZ 12
ANZ launches new Chinese name for acquired RBS and ABN AMRO branches 12
BNP Paribas 12
BNP Paribas transfers the wealth management businesses in Panama, Grand Cayman and the Bahamas 12
Citigroup 12
Citibank network grows to eleven branches in Malaysia 12
Citibank opens a branch in Jakarta 12
Commerzbank 13
Commerzbank closes the sale of its two private banking institutions 13
Credit Suisse 13
Credit Suisse opens a new office 13
Credit Suisse obtains approval for bank branch in India 13
DBS 13
DBS plans to purchase 37.5% stake in Cholamandalam DBS Finance 13
Deutsche Bank 14
Deutsche Bank invests in Craigs Investment Partners 14
RBC Financial Group 14
RBC launches an international investment advisory office 14
Hang Seng 14
Hang Seng China opens a sub branch in Zhongshan 14
Staffing 15
Barclays 15
Helen Pun appointed as Hong Kong market head 15
Geoff Gelling heads the client relationship service at Barclays 15
Barclays Private bank appoints Bryan Henning 15
Citigroup 15
Citi appoints country officer of India 15
Citi hires a retail and commercial banking head 16
Credit Suisse 16
Credit Suisse appoints Michael Wyss as the Private Banking head 16
Credit Suisse appoints Marcel Burger as the banking head 16
Credit Suisse appoints new head of Delhi office 16
Credit Suisse continues its spate of appointments 16
DBS 17
Tan Su Shan heads Private Banking at DBS 17
Deutsche Bank 17
Deutsche appoints Fred C.C. Crozier as Managing Director and Client Advisor 17
Société Générale 17
Société Générale adds a Middle East Department 17
UBS 18
UBS appoints a new CEO for its businesses in Switzerland 18
Appendix 19
Methodology 19
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
List of Tables
Table 1: The 55 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
List of Figures
Figure 1: Wealth Management activities geared up in April 7
Figure 2: The majority of the developments for the month were in M&A and Staffing 8
Figure 3: Asia witnessed the majority of activities in April 9
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