Wealth Management Competitor Tracker, June 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
Highlights
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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 June 5
There were a few notable developments within the wealth management industry during June 5
Citi and Morgan Stanley launch Morgan Stanley Smith Barney joint venture 5
Sarasin Group launches its operation in India as Sarasin-Alpen (India) 6
In June, activity in the wealth management market declined 7
There were a total of 18 competitor developments in June 7
Staffing changes have accounted for the largest share of wealth developments since January 2009 8
Wealth management activity was evenly split between the major financial regions in June 9
Product innovation and customer targeting 10
Credit Suisse 10
Credit Suisse increases its offerings to clients in Qatar 10
M&A, Partnerships and Organic Growth 11
ABN AMRO 11
ABN AMRO and RBS announce partner bank agreement for international transaction banking 11
Citi 11
Citi and Morgan Stanley launch Morgan Stanley Smith Barney joint venture 11
Julius Baer 12
Julius Baer announces the opening of Brig branch in Switzerland 12
Sarasin 13
Sarasin Group launches its operation in India as Sarasin-Alpen (India) 13
Sarasin launches a new office in Berne 13
Staffing 14
Barclays 14
Barclays Wealth announces additional appointments to the Isle of Man board 14
Barclays Wealth appoints new global chief risk officer 14
Bessemer Trust 14
Bessemer Trust appoints David McNeel as the central US region head 14
Bessemer Trust appoints Mark Lipson as head of the western US region 15
Credit Suisse 15
Tee Fong Seng appointed vice chairman of Private Banking Asia Pacific at Credit Suisse 15
Credit Suisse expands wealth management team in India 15
Deutsche Bank 16
Deutsche Bank Private Wealth Management hires four members 16
HSBC 16
HSBC Private Bank appoints new global head of private wealth solutions 16
Morgan Stanley 17
Morgan Stanley Private Wealth Management hires team to expand coverage of Latin American markets 17
Wayne Chrebet joins Morgan Stanley's as a financial advisor 17
Société Générale 17
Olivier Lecler appointed COO of Global Investment Management and Services 17
UBS 18
UBS appoints Chi-Won Yoon as chairman and CEO of Asia Pacific 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 was below the average in June 7
Figure 2: Staffing continued to account for the majority of developments for the month 8
Figure 3: Wealth management activity was evenly distributed between the major global regions 9
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