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 January 5
There were some notable developments within the wealth management industry during January 5
ING announces the sale of Swiss Private Banking business to Julius Baer 5
Barclays Wealth continues its spate of appointments 5
In January, strategic activity returned to yearly average levels 6
There were a total of 20 competitor developments in January 6
Staffing continued to be a strong theme in January 7
Competitor activity continued to remain strong in Europe and Asia 7
Product Innovation and Customer Targeting 9
DBS 9
DBS inaugurates its first branch at Resorts World Sentosa in Singapore 9
Sarasin 9
Sarasin launches new Sarasin Commodity - Dynamic Fund 9
Société Générale 9
SG Private Banking is rebranded as Société Générale Private Banking 9
M&A, Partnerships and Organic Growth 11
BNP Paribas 11
BNP Paribas announces the launch of a private bank in Morocco 11
Commerzbank 11
Commerzbank announces the sale of Dresdner Bank Monaco to Bank Audi 11
DBS 11
DBS opens its first branch in Ho Chi Minh City 11
Hang Seng Bank 12
Hang Seng inaugurates first CEPA sub-branch 12
ING 12
ING announces the sale of Swiss Private Banking business to Julius Baer 12
Monte Paschi di Sienna (MPS) 12
Banca Monte dei Paschi sells 22 branches 12
Standard Chartered Bank 12
Standard Chartered Bank opens a new branch in Singapore 12
Staffing 14
This chapter looks at key staff changes within the list of monitored companies 14
Bank of America 14
Bank of America announces appointment of Sallie Krawcheck to global wealth 14
Barclays 14
Barclays Wealth appoints head of credit structuring in America 14
Barclays Wealth hires David Dalton-Brown as head of Barclays Wealth Funds Limited 14
BNY Mellon 14
BNY Mellon appoints new heads of client management for EMEA 14
Citigroup 15
Citi Private Bank appoints West Coast regional executive 15
Credit Suisse 15
Credit Suisse appoints head of private banking in Engadine 15
RBC 15
RBC Global Asset Management make appointments in the equities team in London 15
Standard Chartered 16
Standard Chartered Private Bank appoints John Leto president and CEO of Americas business 16
UBS 16
UBS Wealth Management appoints Vinay Gandhi to head India International Asia from Singapore 16
UBS Wealth Management appoints new managing director based in Singapore 16
Appendix 18
Methodology 18
Further reading 18
Ask the analyst 18
Datamonitor consulting 18
Disclaimer 18
List of Tables
Table 1: The 55 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
List of Figures
Figure 1: January's developments were close to the 12 month average 6
Figure 2: Strategic activity is balance between M&A and staffing 7
Figure 3: Western Europe and Asia saw the most activity in January 8
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