Wealth Management Competitor Tracker, August 2009

Introduction

This monthly tracker covers product innovation, customer targeting, M&A, partnerships, organic growth, and staffing activity globally in the wealth management space.

Reasons to Purchase

*Track the strategies announced by 50+ of your key competitors.

*Assess which geographies and strategic areas are seeing the most activity.

Report Highlights

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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 57 competitors 3
Datamonitor's Wealth Management Team provides analysis of the key developments at both the one month and 12 month level 4
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in August 5
There were a few notable developments within the wealth management industry during August 5
ANZ reaches an agreement to buy select RBS businesses in Asia 5
Commerzbank disposes of Dresdner Bank (Switzerland) 5
Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership 6
In August, activity in the wealth management market remained slow 7
There were a total of 17 competitor developments in August 7
The majority of wealth developments this month were evenly split between M&A activity and staffing changes 8
European and Asian countries saw the largest shares of wealth management activity in August 9
Product innovation and customer targeting 10
HSBC 10
HSBC New Zealand offers emerging market funds to affluent clients 10
M&A, Partnerships and Organic Growth 11
ANZ 11
ANZ reaches an agreement to buy select RBS businesses in Asia 11
Bank of East Asia 11
Bank of East Asia opens first branch in Taiwan 11
Citigroup 12
Citi expands banking network in mainland China 12
Commerzbank 12
Commerzbank sells Dresdner Bank (Switzerland) to LGT 12
Commerzbank transfers Reuschel to Conrad Hinrich Donner Bank 13
Deutsche Bank 13
Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership 13
Mellon Financial Corporation 13
BNY Mellon expands in Hong Kong 13
Sarasin 14
Bank Sarasin continues to grow in Nuremberg 14
Staffing 15
Abu Dhabi Islamic Bank 15
Abu Dhabi Islamic Bank appoints Malik Sarwar head of global wealth management 15
Bank of America 15
Bank of America announces new head of global wealth and investment management 15
Barclays 15
Barclays Wealth appoints head of multi-manager and third-party funds 15
Barclays Wealth appoints new general manager for the Dubai office 16
Alan Edwards joins Barclays Wealth as regional head for the Manchester and Leeds offices 16
HSBC 17
HSBC Private Bank appoints Allison Mahoney as senior vice president 17
Bernard Rennell becomes global head of private wealth solutions at HSBC 17
Northern Trust 18
Lesley Hodgson joins Northern Trust as head of wealth management in the Channel Islands 18
Appendix 19
Methodology 19
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
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List of Tables
Table 1: The 57 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
List of Figures
Figure 1: Activity in the wealth management industry continued to remain fairly depressed in August 7
Figure 2: M&A based activity increased while staffing changes remained steady in August as compared to the previous month 8
Figure 3: Wealth management activity continued to remain weak in North America 9
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