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Wealth Management Competitor Tracker: January 2012 Product Image

Wealth Management Competitor Tracker: January 2012

  • Published: February 2012
  • Region: Global
  • 47 Pages
  • Datamonitor

The Wealth Management Competitor Tracker follows the developments of 100 wealth managers and their associated brands globally. Produced monthly, it covers product innovation, customer targeting, M&A, partnerships, organic growth, and staffing.

The Wealth Management Competitor Tracker follows the developments of 100 wealth managers and their associated brands globally. Produced monthly, the tracker is based on press releases and reported news stories. It covers product innovation, customer targeting, M&A, partnerships, organic growth, and staffing. Competitors tracked include: Barclays Wealth, BNY Mellon, Rathbones and ScotiaBank.

- Gain invaluable information on competitors in one concise document; identify long-term trends using the Excel database.
- Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading players from around the world.
- Learn the Datamonitor Wealth & Investments Team's view on the most important competitor developments in the month.

Highlights

After a lull in December, competitor activity stepped up significantly in January, with a total of 68 developments, thus READ MORE >

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 tracks the most relevant announcements from 100 competitors
As of January 2012, Datamonitor also tracks a selection of wealth management technology companies
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 JANUARY
-Notable developments within the wealth management industry in January
Mobile apps: Fidelity Investments launches an iPad app, while Rathbones ventures into smartphone apps
Latin American wealth management: Barclays Wealth closes its office in Argentina, while Scotiabank increases its presence in Colombia
BNY Mellon: BNY Mellon continues international expansion with the recruitment of a sales director for Latin America
-After a lull in December, competitor activity picked up in January
There were a total of 68 developments in January
Developments in staffing accounted for almost half of the activity in January
Western Europe accounted for over half of the competitor developments in January
Barclays, BNY Mellon, and Old Mutual were the three most active companies in January
PRODUCT INNOVATION AND CUSTOMER TARGETING
-ABN Amro
Netherlands: ABN Amro teams up with Royal Dutch Cricket Association in four year sponsorship deal, January
-AMP
Australia: AMP Capital relaunches wholesale Australian property fund, January
-Bank of America Merrill Lynch
US: Merrill Edge enhances online platform, January 2012
-Barclays
UK: Barclays Wealth unveils regular income bond, January
-BMO Financial Group
Canada: BMO InvestorLine enhances client experience with additional mutual fund research tools, January
Canada: BMO "virtually" shortens the distance between financial experts and customers in remote regions, January
-CIMB
Malaysia: CIMB-Principal Islamic Asset Management establishes three Islamic funds to attract global investors, January
-Credit Suisse
UK: JO Hambro has reopened its UK Equity Income Fund, January
US: Credit Suisse launches Onyx Streaming to trade US Treasury securities, January
-Falcon Private Bank
Switzerland: Falcon Private Bank launches Middle East, North Africa, and Southeast Asia focused fixed income fund, January
-Fidelity
US: Fidelity introduces iPad app for WealthCentral, January
-Lombard Odier Darier Hentsch
Bahamas: Lombard Odier Darier Hentsch sponsors Bahamas Humane Society campaign, January
-Morgan Stanley
US: Morgan Stanley Smith Barney hosts women's leadership breakfast, January
-National Bank of Abu Dhabi
UAE: NBAD Asset Management launches cautious income fund, January
-Old Mutual
Jersey: Fairbairn Private Bank renews sponsorship of Jersey Junior Triathlon Club, January
-Rathbones
UK: Rathbones launches smartphone app, January
-RBS
UK: Coutts in Leeds hosts an investment seminar, January
-Standard Chartered
Singapore: Standard Chartered Private Bank sponsors Sovereign Asia Art Prize, January
M&A, PARTNERSHIPS, AND ORGANIC GROWTH
-ANZ
Asia: ANZ and AMMB announce partnership to collaborate in 27 countries, January
-Barclays
Argentina: Barclays closes Argentine wealth management unit to serve clients from US, January
UK: Barclays Wealth revamps Edinburgh office, January
-BNY Mellon
Cayman Islands: BNY Mellon opens a new wealth management office in the Cayman Islands, January
-Brewin Dolphin
UK: Brewin Dolphin expands with new Bristol office, January
-CIMB
Philippines: CIMB reported to be acquiring stake in Bank of Commerce, January
-Commonwealth Bank
France: Colonial First State opens Paris office, January
-Crédit Agricole
Switzerland: CACEIS buys EFG's fund business, January
-DBS
Singapore: DBS Private Bank forms partnership with sovereign wealth fund, January
-EFG International
Denmark: EFG International sells Danish business to SEB Wealth Management, January
Switzerland: EFG Bank closes Lugano branch, January
Switzerland: EFG sells its SIF Swiss Investment Funds business to focus on private banking, January
-HSBC
France: HSBC opens a new Premium branch in Chartres, January
-LGT
Hungary: LGT and QUANTIS join forces to strengthen their positions in Eastern Europe, January
-Morgan Stanley
UK: Morgan Stanley Smith Barney to sell Quilter to Bridgepoint, January
-Old Mutual
Europe: Old Mutual wealth management and retail European operations to combine, January
-Raymond James
UK: Raymond James acquires full ownership of UK subsidiary, January
US: Raymond James to acquire Morgan Keegan & Company, January
US: Raymond James to provide investment and wealth management services to Addison Avenue Investment Services, January
-RHJ International
UK: Kleinwort Benson closes its Scottish operations, January
-Scotiabank
Colombia: Scotiabank acquires 51% stake in Banco Colpatria, January
-Van Lanschot
Netherlands: Van Lanschot announces reorganization, January
STAFFING
-Banque Privée Edmond de Rothschild
Switzerland: Banque Privée Edmond de Rothschild appoints new chairman, January
-Barclays
Guernsey: Barclays Wealth adds four to Guernsey arm, January
Ireland and the UK: Barclays Wealth hires PricewaterhouseCoopers man as strategic partnership head, January
Saudi Arabia: Barclays Wealth names Saudi head, January
UK: Barclays Wealth Glasgow hires new director from Kleinwort Benson, January
UK: Barclays Wealth boosts Cardiff office with appointment of new senior banker, January
UK: Barclays Wealth appoints new senior portfolio manager to the ultra-high net worth team, January
-BNY Mellon
Latin America: BNY Mellon hires wealth management leader to build its Latin America presence, January
Middle East and Africa: BNY Mellon appoints new chairman of Middle East & Africa, January
US: BNY Mellon promotes Andy Paterson to president for wealth management's central region, January
US: BNY Mellon hires Alexi Giannoulias for wealth management business development role in Chicago, January
US: BNY Mellon appoints escrow sales specialist for Tri-State private banking operations, January
US: BNY Mellon makes two appointments to its family wealth advisor team, January
-Brewin Dolphin
UK: Brewin Dolphin makes four new senior hires in London, January
-DBS
China: DBS Private Bank announced three strategic appointments to further strengthen its management team, January
-Lloyds Banking Group
UK: Lloyds TSB Private Banking loses UHNW chief, January
-Morgan Stanley
US: Morgan Stanley recruits 11 advisors from competing firms, January
-Old Mutual
Isle of Man: Fairbairn Private Bank makes two new board appointments, January
Isle of Man and Jersey: Fairbairn Private Bank makes two senior appointments, January
-PNC
US: PNC introduces new management team in preparation for the acquisition of RBC Bank, January
-Precision Capital
UK: Brown Shipley appoints new head of private banking in the North West, January
UK: Brown Shipley makes senior compliance appointment, January
-Rathbones
UK: Rathbones makes two appoints in Liverpool office, January
-RBC Financial Group
Bahamas: RBC Wealth Management hires two for its Caribbean private banking division, January 2012
UK: RBC Wealth hires director for Americas desk, January
UK: RBC Wealth bolsters credit team with new director of credit products, January
-UBS
US: UBS Wealth Management Americas expands significantly, January
-Wells Fargo
US: Multiple advisors added to advisory network, January
APPENDIX
-Methodology
-Further reading
-Bibliography
-Ask the analyst
-Disclaimer
TABLES
-Table: Datamonitor's Wealth Management Competitor Tracker covers the following 100 companies
-Table: Datamonitor also tracks seven wealth management technology providers
FIGURES
-Figure: Following a quiet December, competitor activity picked up again in January
-Figure: Staffing developments accounted for the majority of activity in January
-Figure: Over half of the competitor developments in January took place in Western Europe
-Figure: Barclays and BNY Mellon were the most active companies tracked by Datamonitor in January

Agricultural Bank of China, Amer Sports Corporation, AMP Limited, AXA, Bank of America Merrill Lynch, Bank of Commerce, Bank of England, Bank of Montreal, Bank of Nova Scotia, BBVA, BMO Financial Group, Canadian Imperial Bank of Commerce, CIMB Group Holdings Berhad, Citigroup Inc., Credit Suisse Group AG, East West Bancorp, Inc., Finantix S.p.A., Hutchison 3G UK Limited, ING GROEP N.V., International Business Machines Corporation, Macquarie Group Limited, Mediobanca - Banca di Credito Finanziario S.p.A., Morgan Stanley, Pictet & Cie, PricewaterhouseCoopers International Limited, Principal Global Investors LLC, Rabobank Group, Rathbone Brothers Plc, Raymond James Financial, Inc., RBC Bank (USA), San Miguel Corporation, Skandia Group, Temasek Holdings, The Governor and Company of the Bank of Ireland, United Overseas Bank, Woori Financial Group

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