Wealth Management Competitor Tracker, October 2008

Content

• Overview
• Catalyst
• Summary
• Methodology
  • Table of Contents
• 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 October
• There Were Some Notable Developments within The Wealth Management Industry during October
• Mitsubishi Ufj Closes $9 Billion Equity Investment in Morgan Stanley
• Ubs Receives Capital Injection and Transfers Illiquid Assets to The Swiss Government
  • Wachovia and Wells Fargo to merge
  • in October, the wealth management market continued its slowdown of activity
  • There were a total of 14 competitor developments in October
  • M&A activity dominated the wealth market in October
  • Competitor activity continued to remain strong in Europe and Asia
  • Product innovation and customer targeting
  • Citibank
  • Citibank launches investment offerings at Citigold & Citigold Premium customers in Japan
  • Mellon Financial Corp
• Bny Mellon Wealth Management Launches New Municipal Bond Strategy
  • M&A, Partnerships and Organic Growth
• Bnp Paribas
• Bnp Paribas Rebrands Its Private Banking Business Bnp Paribas Wealth Management
  • Deutsche Bank
  • Deutsche Bank begins growth program in its Private and Business Clients division
  • Morgan Stanley
  • Mitsubishi UFJ closes $9 billion equity investment in Morgan Stanley
  • Santander
  • Banco Santander to acquire Sovereign Bancorp
  • Standard Chartered
  • Standard Chartered to acquire Asia Trust and Investment Corporation
• Ubs
• Ubs Receives Capital Injection and Transfers Illiquid Assets to The Swiss Government
  • United Overseas Bank (UOB)
• Uob Increases Its Holding in Southern Bank, Vietnam
  • Vontobel
  • Swiss private bank Vontobel begins expansion phase in Germany
  • Wachovia
  • Wachovia and Wells Fargo merger
  • Staffing
  • Bank of America
  • Bank of America announces future Global Banking, Securities and Wealth Management leadership team
  • Credit Suisse
  • Credit Suisse appoints Ray McGregor as head of Private Banking Australia
  • Socit Gnrale
  • SG Private Banking strengthens its teams in the Middle East
  • 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: There was a sharp drop in the number of total developments in October
  • Figure 2: The majority of developments for the month was in M&A activity, while staffing changes declined
  • Figure 3: Europe and Asia continued to see the majority of activity in October