Wealth Management Competitor Tracker, August 2009

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 August
• There Were A Few Notable Developments within The Wealth Management Industry during August
• Anz Reaches An Agreement to Buy Select Rbs Businesses in Asia
  • Commerzbank disposes of Dresdner Bank (Switzerland)
  • Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership
  • in August, activity in the wealth management market remained slow
  • There were a total of 17 competitor developments in August
  • The majority of wealth developments this month were evenly split between M&A activity and staffing changes
  • European and Asian countries saw the largest shares of wealth management activity in August
  • Product innovation and customer targeting
• Hsbc
• Hsbc New Zealand Offers Emerging Market Funds to Affluent Clients
  • M&A, Partnerships and Organic Growth
• Anz
• Anz Reaches An Agreement to Buy Select Rbs Businesses in Asia
  • Bank of East Asia
  • Bank of East Asia opens first branch in Taiwan
  • Citigroup
  • Citi expands banking network in mainland China
  • Commerzbank
  • Commerzbank sells Dresdner Bank (Switzerland) to LGT
  • Commerzbank transfers Reuschel to Conrad Hinrich Donner Bank
  • Deutsche Bank
  • Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership
  • Mellon Financial Corporation
• Bny Mellon Expands in Hong Kong
  • Sarasin
  • Bank Sarasin continues to grow in Nuremberg
  • Staffing
  • Abu Dhabi Islamic Bank
  • Abu Dhabi Islamic Bank appoints Malik Sarwar head of global wealth management
  • Bank of America
  • Bank of America announces new head of global wealth and investment management
  • Barclays
  • Barclays Wealth appoints head of multi-manager and third-party funds
  • Barclays Wealth appoints new general manager for the Dubai office
  • Alan Edwards joins Barclays Wealth as regional head for the Manchester and Leeds offices
• Hsbc
• Hsbc Private Bank Appoints Allison Mahoney as Senior Vice President
  • Bernard Rennell becomes global head of private wealth solutions at HSBC
  • Northern Trust
  • Lesley Hodgson joins Northern Trust as head of wealth management in the Channel Islands
• 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 industry continued to remain fairly depressed in August
  • Figure 2: M&A based activity increased while staffing changes remained steady in August as compared to the previous month
  • Figure 3: Wealth management activity continued to remain weak in North America