Wealth Management Competitor Tracker: October 2010

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 over 50 players, including ANZ, Citigroup, HSBC, Standard Chartered, UBS and Westpac.
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

Competitor activity in the wealth management industry increased significantly in October, with the number of recorded developments standing at 26, compared to an average of 24 per month over the previous 12 months.In terms of geography, Western Europe witnessed the most activity with a total of eight developments recorded in the region. There were also a number of international developments, with six announcements tracked compared to the 12-month average of just two.
Your key questions answered

* Which competitors have experienced the most staffing changes over the last year?* What have been the key product developments and innovations amongst my competitors?* Which competitors have experienced the most staffing changes over the last year?

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OVERVIEW
Catalyst
Summary
Methodology
INTRODUCTION
The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments
Each month, Datamonitor tracks the most relevant announcements from 53 competitors
Datamonitor’s Wealth & Investments Team provides analysis of the key developments at both the one-month and 12-month level
A fully searchable database of the past 12 months of developments is also provided alongside the report
KEY TRENDS AND DEVELOPMENTS IN OCTOBER
There were some notable developments within the wealth management industry during October
Royal Bank of Canada announces its intention to acquire BlueBay Asset Management
UBS announces the appointment of Paul Raphael as head of wealth management for emerging markets
In October, activity in the wealth management market reached a five-month high
There was a total of 26 developments in October
M&A, partnerships, and organic growth accounted for the majority of developments in October
Western Europe accounted for most of the activity in October
PRODUCT INNOVATION AND CUSTOMER TARGETING
BNY Mellon
BNY Mellon Wealth Management launches two new multi-manager strategies
Citigroup
Citibank announces the launch of an exclusive credit card for the private banking segment in Asia
ZAO Citibank ties with RosBusinessConsulting to launch the first mass affluent wealth index in Russia
Credit Suisse
Credit Suisse extends its wealth management product offering to India
Julius Baer
Julius Baer enters into an alliance with Simon Ammann
Morgan Stanley
Morgan Stanley Smith Barney has hosted a wealth planning session for lesbian, gay, bisexual and transsexual couples
M&A, PARTNERSHIPS, AND ORGANIC GROWTH
ABN Amro
ABN Amro announces partnership with Lyxor Asset Management
Citibank
Citibank expands its presence in Hanoi
DBS
DBS opens DBS Asia Hub
Gruppo Banca Popolare di Verona e Novara
Banca Popolare sells subsidiary to Banca Tercas
HSBC
HSBC announces end of talks with Old Mutual
HSBC opens a new branch in Potomac, Maryland
Intesa Sanpaolo
Intesa Sanpaolo announces the acquisition of Banca Monte Parma
Royal Bank of Canada
Royal Bank of Canada announces its intention to acquire BlueBay Asset Management
Sarasin
Sarasin Group expands its network in Abu Dhabi
Société Générale
Société Générale Private Banking announces an alliance with Copal Partners
Standard Chartered
Standard Chartered Private Bank restructures for further growth
UniCredit
UniCredit announces the merger of seven subsidiary banks
STAFFING
Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria announces the appointment of a new global retail banking head
Bessemer Trust
Bessemer Trust announces the appointment of Kevin J. Rochford as managing director and head of the Chicago office
Credit Suisse
Clariden Leu expands the Middle East department in Geneva
HSBC
HSBC expands its mid-Atlantic team with new appointments
Northern Trust
Northern trust appoints a new director for advisory services
UBS
UBS announces the appointment of Paul Raphael as head of wealth management for emerging markets
UniCredit
UniCredit appoints a new general manager and a new chief operating officer
Union Bancaire Privée
Union Bancaire Privée expands its banking activities in Luxembourg
APPENDIX
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer

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