Wealth Management Competitor Tracker, January 2009

Financial Services

Publication Date	March 2009
Publisher	Datamonitor
Product Type	Report
Pages	22
ISBN Number	not applicable
Product Code	DAT14855

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Summary

Introduction

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

Highlights

Reasons to Purchase

Track the strategies announced by 50+ of your key competitors.
Assess which geographies and strategic areas are seeing the most activity.

Content

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 57 competitors
- Datamonitor's Wealth Management 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 delivered alongside the report
- Key Trends and Developments in January
- There were some notable developments within the wealth management industry during January
- Bank of America completes Merrill Lynch purchase
- Commerzbank completes takeover of Dresdner Bank
- Wells Fargo completed merger with Wachovia
- Citibank to form joint venture with Morgan Stanley
- In January, activity in the wealth management market decreased
- There were a total of 22 competitor developments in January
- Staffing accounted for the majority of developments in January
- Europe remained the busiest region for wealth management activity
- Product innovation and customer targeting
- Citibank
- Citigold Wealth Management introduces a promotional program
- Deutsche Bank
- Deutsche Bank launches Sharia-compliant issuance platform to Islamic investors
- Santander
- Santander offers an investment solution to its private banking clients
- M&A, Partnerships and Organic Growth
- Bank of America
- Bank of America completes Merrill Lynch purchase
- Citigroup
- Citibank to form joint venture with Morgan Stanley
- Citibank to segregate its business
- Commerzbank
- Commerzbank completes takeover of Dresdner Bank
- Deutsche Bank
- Deutsche Bank and Shanxi Securities China joint venture approved
- Deutsche Bank and Deutsche Post improve structure of Postbank acquisition
- RBC Financial Group
- RBC opens financial advisory office in Brazil
- Wells Fargo
- Wells Fargo completed merger with Wachovia
- Staffing
- ANZ
- ANZ appoints new CEO for China division
- Bessemer Trust
- Bessemer Trust appoints new business development officer
- BNP Paribas
- New hiring at senior level at BNP Paribas
- Commerzbank
- Martin Blessing to be the new chairman of Dresdner bank
- Deutsche Bank
- Deutsche bank announces appointments at senior level
- ING
- Jan Hommen to replace Michel Tilmant as CEO of ING Group
- Northern Trust
- Northern Trust appoints new CEO and president of Minnesota
- RBC Financial Group
- New team hired to cater to non-resident Indians in Europe and Asia
- Sal. Oppenheim
- Sal. Oppenheim Austria expands its board of members
- Socit Gnrale
- SG Private Banking appoints new managing director for Switzerland
- UBS
- Toshiharu Kojima appointed to lead UBS in Japan
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
List of Tables
- Table 1: The 57 companies covered by Datamonitor's Wealth Management Competitor Tracker
List of Figures
- Figure 1: Activity in the wealth management market declined in January
- Figure 2: Staffing activity dominated the wealth market in January
- Figure 3: The majority of developments occurred in Europe during January