Table Of Contents
OVERVIEW
Catalyst
Summary
Methodology
INTRODUCTION
The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments
As of January 2011, Datamonitor now tracks the most relevant announcements from 100 competitors
Datamonitor’s Wealth and Investments Team provides analysis of the key developments at one-month and 12-month intervals
A fully searchable database covering the past 12 months of developments is also delivered alongside the report
KEY DEVELOPMENTS IN FEBRUARY
Notable developments within the wealth management industry in February
Scotiabank completes its acquisition of DundeeWealth
Citigroup rolls out more Citigold to Asia Pacific
Barclays Wealth continues its hiring spree, focusing on the UK
Wealth management competitors were more active in February
There were a total of 34 announcements in February, an increase on the dip in January
Staff announcements accounted for the majority of activity in February
Europe was the location for the majority of announcements in February, accounting for 41% of the total
PRODUCT INNOVATION AND CUSTOMER TARGETING
ABN Amro
UK: ABN Amro rebrands private banking operations in Guernsey, January 2011
Bank of America
US: Bank of America partners with Eurasia Group to give global political risk analysis to wealth management clients, February 2011
Citibank
Philippines: Citigold introduces wealth management services to Davao, January 2011
Thailand: Citigold announces a wealth management event for affluent clients in Thailand, January 2011
Lloyds Banking Group
(Untitled sub-section)
National Australia Bank
Australia: MLC & NAB Wealth launches a new investment platform, January 2011
Australia: MLC & NAB Wealth announces a new team for retirement products, February 2011
Santander
UK: Cater Allen introduces a new structured product, February 2011
M&A, PARTNERSHIPS, AND ORGANIC GROWTH
ABN Amro
France: Neuflize OBC Bank expands its wealth management presence in Marseille, January 2011
Citibank
US: Citi announces the opening of a new branch in Guam, January 2011
HSBC
US: HSBC opens a new center in San Diego, February 2011
National Bank of Abu Dhabi
US: National Bank of Abu Dhabi opens a new office in Washington, February 2011
Sarasin
Singapore: Sarasin announces the launch of a trust company in Singapore, February 2011
Scotiabank
Canada: Scotiabank acquires DundeeWealth after buying outstanding shares, February 2011
Société Générale
UK: Société Générale announces the acquisition of Baring Asset Management , February 2011
STAFFING
Bank of Queensland
Australia and New Zealand: Bank of Queensland announces the appointment of a new director, February 2011
Barclays Wealth
UK: Barclays Wealth appoints head of strategic solutions, February 2011
UK: Barclays Wealth announces the appointment of the head of its wealth advisory division in Guernsey, February 2011
UK: Barclays Wealth appoints Markus Stadlmann as head of discretionary investing, February 2011
BNY Mellon
US: BNY Mellon wealth management appoints regional president, February 2011
US: BNY Mellon Wealth Management announces the appointment of senior director of portfolio management, February 2011
Deutsche Bank
UK: Deutsche Bank private wealth management announces a new global head of cash products, February 2011
Germany: Sal. Oppenheim appoints advisors and management team at its head office, February 2011
HSBC
US: HSBC appoints new regional president to the West coast, February 2011
JPMorgan Chase
US: JPMorgan Chase appoints Irene Tse as North America chief investment officer, January 2011
Lazard
US: Gerald Rosenfeld rejoins Lazard as vice chairman and strategic advisor, February 2011
Lombard Odier Darier Hentsch
Asia Pacific and Japan: Lombard Odier appoints regional head of Asia Pacific and Japan, February 2011
Morgan Stanley
US: Harold Ford joins Morgan Stanley as managing director, February 2011
RBS
UK: Coutts & Co announces expansion in Birmingham with its new client partner, February 2011
Reyl
Switzerland: Reyl appoints two new directors to its board, February 2011
Switzerland: Reyl & Cie Group announces its expansion in Singapore with appointments for the Asian market, February 2011
Société Générale
France: Société Générale Private Banking announces a new chief executive officer for Monaco, February 2011
UBS
Switzerland: UBS Wealth Management announces William Kennedy as head of investment products and Services, February 2011
Union Bancaire Privée
Asia: Union Bancaire Privée announces Stephan Repkow as head of private banking in Asia, February 2011
APPENDIX
(Untitled section)
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
LIST OF TABLES
Table: Datamonitor's Wealth Management Competitor Tracker covers the following 100 companies
LIST OF FIGURES
Figure: There were 34 competitive developments in February as the market revived from its end-of-year break
Figure: Staffing changes accounted for the bulk of the announcements in February
Figure: European announcements were the main driver behind the increase in overall developments