Wealth Management Competitor Tracker, December 2009

• Publication date: March 2010

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. ...

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.

Private Banking Industry in Taiwan

Overview 1
Catalyst 1
Summary 1
Methodology 1
TABLE OF CONTENTS 2
Introduction 3
The Wealth Management Competitor Tracker provides both one month and 12 month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 55 competitors 3
Datamonitor's Wealth Management Team provides analysis of the key developments at both the one month and 12 month level 3
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in December 5
There were some notable developments within the wealth management industry during December 5
ANZ acquires ING wealth management in Australia and New Zealand, and RBS in Taiwan, Singapore, Indonesia and Hong Kong 5
Barclays Wealth makes several key appointments 5
In December, wealth management strategic initiatives picked up 6
There were a total of 25 competitor developments in December 6
M&A and staffing activity were both high in the wealth market in December 7
Competitor activity was balanced across Europe, Asia and the US 8
Product Innovation and Customer Targeting 10
Bank of New York Mellon 10
BNY Mellon provides analytics to clients through Portsmouth Financial Systems 10
DBS 10
DBS China launches gold fund linked structured investment products 10
Morgan Stanley 10
Morgan Stanley Investment Management introduces a program for minority and woman-owned asset managers 10
Northern Trust 11
Northern Trust to offer environmental analytics for clients 11
M&A, Partnerships and Organic Growth 12
ABN Amro 12
ABN Amro and Deutsche Bank sign share purchase agreement 12
ANZ 12
ANZ acquires ING wealth management in Australia and New Zealand 12
ANZ completes acquisition of RBS in 6 Asian markets, and opens its tenth branch in Vietnam 12
Banco Populare 13
Banco Populare signed agreement for the sale of Banco Popular Ceska Republika 13
BBVA 13
BBVA increases its stake in China Citic Bank to 15% 13
Citi 13
Citi opens branch in Chongqing China 13
Hang Seng 14
Hang Seng Bank expands its network by opening its branch in Guangzhou 14
Intesa Sanpaolo 14
Banca Monte dei Paschi di Siena sells 50 branches to the Intesa Sanpaolo Group 14
KBC 14
KBC Bank acquires outstanding 49.54% stake in CSOB Slovakia to take complete ownership 14
Staffing 15
Barclays 15
Barclays Wealth appoints Duncan Gourlay as a private banker 15
Barclays Wealth appoints Roland Kitson as a new director in Wealth Intermediaries 15
Barclays Wealth Intermediaries appoints a new relationship manager 15
Barclays Wealth appoints Richard Comeau as investment representative 15
Bessemer Trust 15
Bessemer Trust announces the appointment of managing director and senior resident officer 15
BNY Mellon 16
BNY Mellon appoints Frank Froud and Hani Kablawi as heads of client management for US and Europe 16
Deutsche Bank 16
Deutsche Bank Private Wealth Management appoints managing director and head of global investment solutions 16
Julius Baer 16
Julius Baer announces the appointment of new CEO Dubai 16
Northern Trust 16
Northern Trust appoints David Blowers to head wealth management across Midwest 16
Sal. Oppenheim 17
Sal. Oppenheim announces new appointments as focus shifts to private banking 17
Standard Chartered 18
Standard Chartered appoints group head of wealth management 18
Standard Chartered private bank hires Diego Y. Polenghi as head of sales 18
Appendix 19
Methodology 19
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
LIST OF TABLES
Table 1: The 55 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
LIST OF FIGURES
Figure 1: There was a small rise in the total developments in December 7
Figure 2: December activity was balanced between M&A and staffing 8
Figure 3: Asia, Europe and the US were the regions/countries with the most activity in December 9