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 November 5
There were a few notable developments within the wealth management industry during November 5
ANZ completes acquisition of RBS in Philippines 5
Commerzbank announces sale of Privatinvest Bank to Zürcher Kantonalbank 5
Deutsche Bank prepares to acquire Sal. Oppenheim 5
In November, activity in the wealth management space was stable 7
There were a total of 20 competitor developments in November 7
Staffing changes has been the leading category over the year however M&A activity is expected to recovery in the near future 8
European countries saw the largest share of wealth management activity for the month 9
Product Innovation and Customer Targeting 10
Citibank 10
Citi Turkey offers Citigold Package to doctors 10
Sarasin 10
Sarasin Group launches a comprehensive Islamic wealth management offering 10
M&A, Partnerships and Organic Growth 11
ABN AMRO 11
Schroders partners with ABN AMRO to distribute its funds throughout the Netherlands 11
ANZ 11
ANZ completes acquisition of RBS in Philippines 11
Bank of America 11
Merrill Lynch Global Wealth Management partners with Bank of America on retirement solution 11
Commerzbank 12
Commerzbank announces sale of Privatinvest Bank to Zürcher Kantonalbank 12
Deutsche Bank 12
Deutsche Bank prepares to acquire Sal. Oppenheim 12
Fortis 13
Fidelity International takes interest in Fortis 13
Sarasin 13
Bank Sarasin plans to acquire stake in NZB Holding 13
Société Générale 13
Société Générale Group opens a wealth management office in Bahrain 13
Vontobel 14
Vontobel concentrates on Swiss private clients 14
Staffing 15
Bank of America 15
Bank of America Merrill Lynch announces Tony Sciarrino as Orange County commercial banking executive 15
Barclays 15
Barclays Wealth appoints David Semaya as new head of UK & Ireland Private Bank 15
Citi 15
Citi Private Bank appoints new managing director and head of investments for North America 15
Credit Suisse 16
Credit Suisse appoints CEO in the Nordic region 16
Morgan Stanley 16
Morgan Stanley Private Wealth Management appoints investment professionals to expand in Latin America 16
Northern Trust 16
Northern Trust appoints managing director to lead regional wealth management services 16
Société Générale 17
SG Private Banking strengthens its senior management team in the Middle East 17
UBS 17
UBS appoints Robert J. McCann as CEO of wealth management Americas 17
Vontobel 17
Vontobel Germany announces Frank Wieser as the managing director and the head of private banking 17
Appendix 19
Methodology 19
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
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 remained steady in November 7
Figure 2: The majority of developments for the month were from the staffing and M&A categories 8
Figure 3: Wealth management activity in Europe was particularly strong this month 9
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