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 March 5
There were some notable developments within the wealth management industry during March 5
ANZ received approvals for its acquisition of certain RBS businesses 5
Deutsche Bank acquires Sal. Oppenheim Group 5
Sarasin opens a branch in Hong Kong 6
In March, there was a sudden decline in the number of strategic developments in the wealth management industry 6
There were a total of 16 competitor developments in March 6
M&A and staffing were the predominant activities in the wealth market in March 7
Competitor activity was strong in Europe 8
Product Innovation and Customer Targeting 9
Bank of America 9
Bank of America launches a new campaign 9
Citigroup 9
Citibank launches new financial education book series 9
Investec 9
Investec introduces a music and entertainment banking team 9
Mellon Financial Corp 9
BNY Mellon Asset Management introduces a new fund 9
Sarasin 10
Sarasin launches a sustainable equity fund 10
Standard Chartered 10
Standard Chartered introduces a new website for female entrepreneurs 10
M&A, Partnerships and Organic Growth 11
ABN Amro 11
ABN Amro announces merger with Fortis Bank Nederland 11
ANZ 11
ANZ announces opening of India branch 11
ANZ receives approvals for RBS business acquisitions 11
Deutsche Bank 11
Deutsche Bank acquires Sal. Oppenheim Group 11
HSBC 12
HSBC opens a branch in Los Angeles 12
Julius Baer 12
Julius Baer acquires parts of ING Bank 12
Sarasin 12
Sarasin opens a branch in Hong Kong 12
Staffing 13
Barclays 13
Barclays Wealth strengthens MENA banking team 13
Credit Suisse 13
Credit Suisse announces the appointment of Federico Imbert as CEO 13
Société Générale 13
Société Générale Private Banking appoints new private bankers 13
Vontobel 13
Vontobel appoints Jean-Pierre de Glutz 13
Appendix 14
Methodology 14
Further reading 14
Ask the analyst 14
Datamonitor consulting 14
Disclaimer 14
List of Tables
Table 1: The 55 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
List of Figures
Figure 1: There was a sharp drop in the number of total competitor developments in March 6
Figure 2: In March, the majority of developments were in M&A activity 7
Figure 3: The majority of development activities in March occurred in Europe 8
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