Wealth Management Competitor Tracker, May 2009

Publication Date	July 2009
Publisher	Datamonitor
Product Type	Report
Pages	23
ISBN Number	not applicable
Product Code	DAT12737

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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.

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 May
- There were a few notable developments within the wealth management industry during May
- BNP Paribas acquiring Fortis Bank
- Insinger de Beaufort merging with BNP Paribas Wealth Management
- HSBC acquiring Bank Ekonomi
- Dresdner Bank merging into Commerzbank
- In May, activity in the wealth management market continued to grow
- There were a total of 30 competitor developments in May
- Staffing continued to account for the majority of developments in the month
- Wealth managers were most active in European markets
- Product innovation and customer targeting
- BNP Paribas
- BNP Paribas launches BNP Paribas Personal Investors' services for affluent investors in Asia and Europe
- Commerzbank
- Commerzbank announces strategic and operational structure for the bank's future
- DBS Bank
- The Islamic Bank of Asia targets Islamic investors with Sharia-compliant products
- NAB
- NAB private bank creates new wealth division to target high net worth and ultra high net worth clients
- UBS
- UBS launches internal crossing platform in Hong Kong to enhance client liquidity
- Wells Fargo
- Wachovia Securities changes name to Wells Fargo Advisors
- M&A, Partnerships and Organic Growth
- BBVA
- Private banking and financing agreements signed between BBVA and CITIC
- Bessemer Trust
- Bessemer Trust opens a new office to serve wealthy families
- BNP Paribas
- BNP Paribas acquires Fortis Bank
- Insinger de Beaufort merges with BNP Paribas Wealth Management
- Commerzbank
- Dresdner Bank merges into Commerzbank
- Credit Suisse
- Credit Suisse launches Private Banking operation in Japan
- Credit Suisse and Woori Financial Group terminate their Korean alliance
- HSBC
- HSBC acquires an 88.89% stake in Bank Ekonomi
- Julius Baer
- Julius Baer announces the acquisition of Alpha SIM
- Julius Baer divides its Private Banking and Asset Management businesses into two independent listed companies
- Vontobel
- Bank Vontobel Europe commences operations in Germany
- Staffing
- Barclays
- Barclays Wealth appoints head of investment advisory
- Bessemer Trust
- Tiffany Barbara appointed as senior client account manager and principal
- Bessemer restructures management responsibilities to accommodate client requirements
- BNP Paribas
- Herman Daems to be proposed as chairman of the new board of Fortis Bank
- Commerzbank
- Personnel restructuring on the board of management of Commerzbank
- Deutsche Bank
- Deutsche Bank appoints Robert Rankin as CEO of Asia Pacific
- HSBC Bank
- Dorothy Sit appointed head of Hang Seng China
- Morgan Stanley
- Gary Lynch appointed vice chairman of Morgan Stanley
- Northern Trust
- Northern Trust restructures leadership positions in US southwest region
- RBS
- RBS Group announces senior management changes
- SEB
- Jan Sinclair joins SEB as country manager of Germany
- Standard Chartered
- Standard Chartered Private Bank plans to hire 100 relationship managers
- UBS
- UBS names Andreas H??fert new chief economist in Switzerland
- UniCredit Group
- UniCredit makes changes in top management
Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
Disclaimer
- Table 1: The 57 companies covered by Datamonitor's Wealth Management Competitor Tracker
List of Figures
- Figure 1: Activity in the wealth management industry continued to increased in May
- Figure 2: Staffing changes continued to be the most dominate category for wealth activity in May
- Figure 3: European markets saw the majority of wealth management activity for the month