Wealth Management Competitor Tracker: March 2011

Introduction

The Wealth Management Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the wealth management space. Produced on a monthly basis, the Tracker is a global product and covers 100 players across Asia-Pacific, Europe, the Middle East & Africa, North America and South America. Competitors tracked include Credit Suisse, KBL epb and OCBC.

Features and benefits

* Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive news database.
* Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading global players.
* Learn the Datamonitor Wealth & Investments Team's view on the most important competitor developments in the month.

Highlights

Wealth management activity was limited in March, with a total of 30 developments. Although this was above the 12-month average, it can be considered as a subdued performance considering that Datamonitor has recently increased the number of companies tracked from 53 to 100.
Staffing accounted for the largest proportion of developments in March 2011, with 14 developments out of the total of 30. In staffing the key story of the month was the appointment of by Credit Suisse of Francesco de Ferrari as area head for private banking in Asia Pacific
Half (50%) of all developments in March 2011 were in Western Europe. Key stories in Western Europe included the failed acquisition of KBL epb by Hinduja Group and the appointment of a new chief executive officer (CEO) at Banif Private Bank in Spain.

Your key questions answered

* Where is the competition expanding their presence and opening new branches?
* Which competitors have experienced the most staffing changes over the last year?
* What new products and customer targeting strategies are my competitors using?

[Studien Infos ausblenden]

OVERVIEW
Catalyst
Summary
Methodology
INTRODUCTION
The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments
As of January 2011, Datamonitor now tracks the most relevant announcements from 100 competitors
Datamonitor’s Wealth and Investments Team provides analysis of the key developments at one-month and 12-month intervals
A fully searchable database covering the past 12 months of developments is also delivered alongside the report
KEY DEVELOPMENTS IN MARCH
Notable developments within the wealth management industry in March
OCBC
Singapore: OCBC launches renminbi products for affluent clients, March 2011
Hinduja Group
Belgium: Hinduja Group acquisition of KBL epb blocked, March 2011
Credit Suisse
Singapore: Credit Suisse appoints area head for private banking in Asia Pacific, March 2011
Wealth management activity was limited in March
There were a total of 30 developments in March
Developments in staffing accounted for the largest proportion of activity in March
Half of all competitor developments took place in Western Europe
PRODUCT INNOVATION AND CUSTOMER TARGETING
Bank of America
US: Merrill Lynch announces the launch of mobile brokerage applications for iPhone, iPad, and BlackBerry devices, March 2011
Barclays
UK: Barclays Wealth announces new advertising campaigns in Asia, Europe, and the Middle East and Africa, March 2011
Citibank
US: Citi announces new services for wealth managers, March 2011
OCBC
Singapore: OCBC launches renminbi products for affluent clients, March 2011
Standard Chartered
UAE: Standard Chartered Priority Banking organizes exclusive art exhibition for its affluent clients, March 2011
UAE: Standard Chartered Priority Banking hosts golf tournament at Arabian Ranches Golf Club, March 2011
M&A, PARTNERSHIPS, AND ORGANIC GROWTH
BBVA
Turkey: BBVA finalizes purchase of Garanti, March 2011
Credit Suisse
Singapore: Credit Suisse plans to open new office in Singapore, March 2011
Hinduja Group
Belgium: Hinduja Group acquisition of KBL epb blocked, March 2011
KBC
Belgium: KBC Group to sell Centea to Crédit Agricole, March 2011
Kleinwort Benson
UK: Kleinwort Benson to acquire Close Brothers Offshore Group, March 2011
Mashreq
UAE: Mashreq Gold announces the opening of new center in Al Ain, March 2011
NBAD
UAE: National Bank of Abu Dhabi opens first branch in Masdar City, March 2011
OCBC
Singapore: OCBC Premier opens new center at Marina Bay Resort, March 2011
Scotiabank
Canada: Scotiabank finalizes acquisition of DundeeWealth common shares, March 2011
Vontobel Group
Switzerland: VT Wealth Management to become independently owned, March 2011
STAFFING
Barclays
Jersey: Barclays Wealth appoints new managing director for fiduciary services, March 2011
UK: Barclays Wealth appoints Tony Marsh as wealth advisor in London, March 2011
Credit Suisse
Singapore: Credit Suisse appoints area head for private banking in Asia Pacific, March 2011
Switzerland: Clariden Leu appoints new CEO, March 2011
Deutsche Bank
Germany: Sal. Oppenheim appoints Wolfgang Sawazki as managing director, March 2011
Qatar: Deutsche Bank announces new chief country officer and vice chairman for Middle East and North Africa, March 2011
Switzerland: Sal. Oppenheim jr. announces new CEO, March 2011
HSBC
US: HSBC Private Bank announces appointment of Victoria Garrigo as southeast regional manager, March 2011
Lloyds Banking Group
UK: Lloyds Banking Group announces the appointment of Philip Grant as chair of the group’s Scottish executive committee, March 2011
Santander
Spain: Banco Banif announces new CEO, March 2011
Société Générale
France: Société Générale Private Banking announces new senior appointments, March 2011
Global: Société Générale Private Banking to expand management team in Asia Pacific, March 2011
UBS
Switzerland: UBS Wealth Management announces new chief investment officer, February 2011
US Bank
US: US Bank Wealth Management appoints Scott Winget as senior managing director, March 2011
APPENDIX
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer

[Inhaltsverzeichnis ausblenden]