Wealth Management Competitor Tracker, September 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 September
• There Were Several Notable Developments within The Wealth Management Industry during September
• Bank of America Purchases Merrill Lynch
• Barclays Wealth Acquires Lehman Brothers Private Investment Management
• Berkshire Hathaway Gains Stake in Goldman Sachs
• in September, The Wealth Management Market Continued Its Slowdown of Activity
• There Were A Total of 27 Competitor Developments in September
• M&a Activity and Staffing Changes Dominated The Wealth Market in September
• Competitor Activity Continued to Remain Strong in Europe and Asia
• Product Innovation and Customer Targeting
• Barclays
• Hsbc
  • Bank of Scotland International introduces a Nikkei Supertracker offshore savings account
  • M&A, Partnerships and Organic Growth
• Anz
• Anz Creates Customer-Focused Business Model to Support Growth and Performance
  • Bank of America
  • Bank of America purchases Merrill Lynch
  • Barclays
  • Barclays Wealth acquires Lehman Brothers Private Investment Management
  • Citigroup
  • Citibank Thailand and MFC Asset Management offer structured fund
  • Goldman Sachs
  • Berkshire Hathaway gains stake in Goldman Sachs
• Hsbc
  • Transfer of ownership for HSBC Private Bank in Luxembourg
  • Mitsubishi UFJ
  • Mitsubishi UFJ enters into a strategic capital alliance with Morgan Stanley
  • Morgan Stanley
  • Nordea
  • Nordea has acquired part of Roskilde Bank
• Rbs
  • Royal Bank of Scotland rebrands new businesses in GCC financial services sector
  • Sal Oppenheim
  • Private Bank Sal. Oppenheim opens branch office in Lugano, Switzerland
  • Sarasin
  • Bank Sarasin expands presence in the Swiss market
  • Socit Gnrale
  • SG Private Banking creates two new banking centres in Marseille and Lyon
  • Westpac
  • St.George and Westpac have agreed a revised merger proposal
  • Standard Chartered
  • Standard Chartered has received approval for local incorporation in Vietnam
  • Staffing
  • Bank of America
  • Bank of America names William M. Lissau Oklahoma state president and Tulsa market president
  • Barclays
  • Barclays Wealth hires Chokkalingam Gangatharan as head of Equity Research as a part of its continued Indian expansion
  • Bessemer Trust
  • Bessemer Trust's Atlanta office appoints Michael A. Gragnani as senior vice president
  • Citigroup
  • Citi announces senior executive appointments
  • Crdit Agricole
  • Appointments announced for Crdit Agricole
  • Crdit Suisse
  • Appointment of Joseph Tan as Asian chief economist at Crdit Suisse's Private Banking division
  • Credit Suisse makes new hires in Australian Private Banking Division
  • Peter Eckert has been nominated as the new Chairman of Clariden Leu's board of directors
  • Deutsche Bank
  • Deutsche Bank appoints Robert Kalff to lead new business unit in London
  • Julius Baer
  • Bank Julius Baer appoints Stephan Haeberle as regional head of Central and Eastern Europe and parts of Africa
  • 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: Developments in the wealth management space continued to remain slow in September
  • Figure 2: There was a sharp increase in M&A activity as several companies fell into financial trouble
  • Figure 3: Regions Europe and Asia continued to see the majority of activity for the month