Wealth Management Competitor Tracker, May 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.

Table Of contents

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 one month and 12 month intervals 3
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in May 5
There were some notable developments within the wealth management industry during May 5
Hinduja Group acquires KBL European Private Bankers 5
Société Générale Private Banking partners with Komerční banka 5
In May, the wealth management market continued its spate of activity 6
There were a total of 28 competitor developments in May 6
M&A activities were predominant in the wealth market in May 6
Competitor activity remained strong in Europe and North America in May 7
Product Innovation and Customer Targeting 9
Bank of America 9
US Trust initiates an advertising campaign for affluent customers 9
Barclays 9
Barclays Wealth introduces new FTSE returns product 9
Barclays Wealth reissues Emerging Markets Optimiser 9
Barclays Wealth re-launches its Defined Returns Plan 10
Barclays Wealth reissues Super Tracker with two options 10
Morgan Stanley 10
Morgan Stanley organizes a conference for the lesbian, gay, bisexual and transgender (LGBT) community 10
National Australia Bank 10
MLC Insurance introduces an income protection insurance for affluent customers 10
M&A, Partnerships and Organic Growth 11
ABN Amro 11
ABN AMRO opens a new branch in New York to cover three time zones 11
Australia and New Zealand Bank 11
ANZ launches a new sub-branch in Japan 11
ANZ receives approval to establish Chongqing branch 11
Barclays 12
Barclays Wealth expands its presence in Italy 12
Banco Bilbao Vizcaya Argentaria 12
BBVA strengthens its presence in Uruguay with the purchase of Crédit Uruguay Banco 12
HSBC 12
HSBC opens a new branch in Virginia 12
JPMorgan Chase 12
Chase continues to expand in California 12
KBC 12
Hinduja Group acquires KBL European Private Bankers 12
Great Western Bank 13
Great Western Bank acquires 10 F&M Bank-Iowa branches 13
Sarasin 13
Bank Sarasin closes its Spanish subsidiary 13
Société Générale 13
Société Générale Private Banking partners with Komerční banka 13
Société Générale Private Banking opens regional centers outside Paris 13
UBS 14
UBS plans to acquire Link Investimentos 14
Staffing 15
Barclays 15
Barclays Wealth expands its team in Africa 15
Citigroup 15
Citigroup appoints Rudolf Hitsch 15
Deutsche Bank 15
Deutsche Bank announces appointments within its North Asia wealth planning team 15
HSBC 16
HSBC expands premier business team in Washington 16
Mellon Financial Corporation 16
BNY Mellon appoints head of wealth management unit 16
Morgan Stanley 16
Morgan Stanley Private Wealth Management expands team for Latin American markets 16
Sal. Oppenheim 17
Sal. Oppenheim appoints Gregor Broschinski 17
Sarasin 17
Sarasin appoints new head of Geneva branch 17
Appendix 18
Methodology 18
Further reading 18
Ask the analyst 18
Datamonitor consulting 18
Disclaimer 18

List of Tables

Table 1: The 55 companies covered by Datamonitor's Wealth Management Competitor Tracker 3

List of Figures

Figure 1: Wealth management activities picked up in April 6
Figure 2: The majority of the developments for the month were in M&A and staffing 7
Figure 3: Asia witnessed the majority of activity in April 2010 8