Asset Management Competitor Tracker, Q2 2009

Publication Date	August 2009
Publisher	Datamonitor
Product Type	Report
Pages	34
ISBN Number	not applicable
Product Code	DAT13302

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Summary

This monthly tracker covers product innovation, customer targeting, M&A, partnerships and organic growth activity globally in the asset management space.

Reasons to Purchase

Track the strategic developments announced by your key competitors.
Assess which geographies and strategic areas are seeing the most activity.

Content

Overview

Catalyst

Summary

Methodology

INTRODUCTION

The Asset Management Competitor Tracker provides both one month and 12 month views of developments
Each quarter, Datamonitor tracks the most relevant announcements from 49 competitors
Datamonitor's asset management team provides analysis of the key developments
A fully searchable database containing the past 12 months of developments is also delivered alongside the report
KEY TRENDS AND DEVELOPMENTS IN Q2 2009
Although the asset management industry remains depressed, positive signs begin to emerge
Q2 2009 registered 57 competitor developments
Capital constraints and low profitability inhibit consolidation and force asset managers to bide their time
In June 2009, M&A levels were the second lowest for the year and there was only one organic growth development in Q2
Q2 sees product innovation remain prominent and a return to customer targeting
Product innovation and exchange traded funds
Market activity returns to the core economic regions of Europe and North America, while some firms are embracing the developing market opportunities
Product innovation and customer targeting
Aviva
Hibernian Aviva launches an array of funds for Irish customers - May 09
Aviva enhances its retirement products - May 09
Hibernian Aviva introduces fixed rate deposit fund for pension investors - June 09
Bank of New York Mellon
Pershing launches start-up simulator tool and a guidebook for hedge fund consulting services - April 09
Mellon Asset Management introduces an emerging markets equity fund managed by Blackfriars Asset Management - May 09
BNY Mellon Pershing announces the addition of three fund companies to FundVest - May 09
BNY Mellon Pershing adds seven fund companies to Nexus Funds - May 09
Barclays
Barclays introduces three year fixed rate savings bond - May 09
BNP Paribas
Harewood Asset Management announces the launch of Harewood Euro Long-Dividends - May 09
Harewood Asset Management introduces Harewood Quant' Guru Europe Equity fund - June 09
Citigroup
Citi announces the launch of hedge fund middle office services - May 2009
Citi launches Easypay and Growth - May 09
Citi announces the launch of fund governance portal - June 09
Citi partners with AEGON Subsidiary TKP Investments to launch its advanced pooling solution - June 09
Credit Suisse
Credit Suisse launches a new global macro replication index - April 09
Deutsche Bank
Deutsche Bank introduces Platinum IV enhanced US treasury fund - April 09
Deutsche Bank announces the launch of a three year USD bond in Taiwan - May 09
Deutsche Bank announces the issue of Pfandbrief bond - June 09
Deutsche Bank inaugurates UCITS III CROCI carbon funds - June 09
Franklin Templeton
Franklin Templeton announces mutual international fund - May 09
Goldman Sachs
Goldman Sachs Asset Management raises $5.5 billion from GS Vintage Fund V - April 09
Goldman Sachs Asset Management introduces credit strategies fund - June 09
Henderson Global Investors
Henderson inaugurates Central London Office Fund II - May 09
Intesa Sanpaolo
Intesa Sanpaolo announces two venture capital funds for business innovation and development - May 09
Invesco
Invesco PowerShares announces modifications in ETF portfolio - May 09
Morgan Stanley
Morgan Stanley Fund Services announces the introduction of Stratum - June 09
Pictet & Cie
Pictet & Cie introduces PF (Lux)-agriculture fund - May 09
M&A, Partnerships and Organic Growth
Allianz
Allianz and ICBC announce the completion of share transfer - April 09
Allianz sets up an asset management joint venture company in India - April 09
Bank of New York Mellon
AdvisorShares ETF Trust appoints BNY Mellon Asset Servicing to provide services - April 09
Christian Brothers selects BNY Mellon Asset Servicing to provide fund services - June 09
BNY Mellon enters into a new partnership with Sumitomo Mitsui Asset Management - May 09
Barclays
Barclays announces the sale of iShares - April 09
BlackRock
Barclays' board accepts BlackRock's offer to acquire BGI - June 09
Citigroup
Majad Al Futtaim Asset Management selects Citi to provide fund services - June 09
Commerzbank
Dresdner Bank merged into Commerzbank - May 09
Credit Suisse
Credit Suisse and Woori Financial Group end their partnership - April 09
Fortis
Fortis holdings announce closure of transactions - May 09
HSBC
HSBC to increase its stake in Investsmart - June 09
JPMorgan Chase
JPMorgan China opens branch in Guangzhou- May 09
Arden to manage fund of funds portfolio for JP Morgan's Investment Bank - June 09
Julius Baer
Julius Baer to acquire Alpha SIM - May 09
GAM to acquire Augustus Asset Managers - April 09
Old Mutual
Old Mutual not to acquire ABN AMRO TEDA Fund Management - May 09
UBS
UBS disposes UBS Pactual for around $2.5 billion (CHF2.8 billion) - April 09
State Street
Caxton Associates selects State Street to provide hedge fund administration - June 09
Soci?(C)t?(C) G?(C)n?(C)rale
Soci?(C)t?(C) G?(C)n?(C)rale asset management completes the sale of SGAM UK - April 09
Bibliography
Appendix
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
Table 1: The 49 companies covered by Datamonitor's Asset Management Competitor Tracker
Figure 1: Total developments remain roughly constant
Figure 2: Competitor developments remain extremely low, but retain a more even split by type
Figure 3: M&A, partnerships and organic growth split: M&A remains sluggish with almost non-existent organic growth
Figure 4: Product innovation and customer targeting split: product innovation dominates, although some customer targeting was seen in Q2 2009
Figure 5: The product innovation split reveals the rising importance of delivery: trading platforms and support services are on the rise
Figure 6: Q2 market activity was focused within Asia, Europe and North America