Wealth Management Competitor Tracker, October 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

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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 October 5
There were a few notable developments within the wealth management industry during October 5
Commerzbank concludes sale of Swiss subsidiary 5
Commerzbank disposes Dresdner Van Moer Courtens and the Belgian branch of Commerzbank 5
In October, activity in the wealth management market fell slightly 6
There were a total of 20 competitor developments in October 6
Since the start of the year, staffing changes have been the leading category for wealth management activity 7
European and North American countries saw the largest shares of wealth management activity 8
Product Innovation and Customer Targeting 9
Bank of America 9
Bank of America re-launches the Merrill Lynch Wealth Management Brand 9
Barclays Wealth 9
Barclays launches BARXdirect for sophisticated investors 9
Citibank 10
Citibank announces introduction of fee-only investment advisory services 10
Credit Suisse 10
Credit Suisse introduces euro-based FX Fund for affluent clients 10
M&A, Partnerships and Organic Growth 11
ABN AMRO 11
ABN AMRO demerger documentation filed with the Amsterdam chamber of commerce 11
Bank of America 11
Bank of America plans to sell First Republic Bank 11
Barclays Wealth 11
Barclays Wealth expands its presence in the US 11
Commerzbank 12
Commerzbank concludes sale of Swiss subsidiary 12
Commerzbank disposes Dresdner Van Moer Courtens and the Belgian branch of Commerzbank 12
Citibank 12
Citigold partners with Samsung Malaysia to reach out to the affluent segment 12
Goldman Sachs 12
Goldman Sachs launches onshore private wealth management platform in Brazil 12
Staffing 14
ANZ 14
ANZ appoints Phillips Chronican as CEO of Australia 14
Bank of America 14
Bank of America appoints Andrew M. Sieg as managing director and the head of global wealth 14
Barclays 14
Oliver Gregson appointed as head of investment advisory at Barclays 14
Barclays Wealth appoints director in Bangalore 15
Bessemer Trust 15
Bessemer Trust appoints Michael A. Marquez as managing director 15
Deutsche Bank 15
Martin Bartyzal to be appointed as chief country officer for Czech Republic at Deutsche Bank 15
Credit Suisse 15
François Roussely appointed as vice chairman of Credit Suisse in Europe 15
Credit Agricole 16
Appointment of deputy CEO at Banque de Gestion Privée Indosuez 16
UBS 16
UBS appoints Robert J. McCann as CEO, Wealth Management Americas & Member of UBS group executive board 16
Appendix 18
Methodology 18
Further reading 18
Ask the analyst 18
Datamonitor consulting 18
Disclaimer 18
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 declined slightly in October 6
Figure 2: The majority of developments for the month were from the staffing and M&A categories 7
Figure 3: Wealth management activity in North America notably increased for the month 8

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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 declined slightly in October 6
Figure 2: The majority of developments for the month were from the staffing and M&A categories 7
Figure 3: Wealth management activity in North America notably increased for the month 8
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