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Wealth Management Competitor Tracker: 09 - 2012 - Product Image

Wealth Management Competitor Tracker: 09 - 2012

  • ID: 2375114
  • November 2012
  • Datamonitor
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  • Bank of Montreal
  • Citigroup Inc.
  • Finantix S.p.A.
  • Inc.
  • Morgan Stanley
  • RBC Bank (USA)
  • MORE

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: Credit Agricole, Falcon Private Bank and Santander.


- 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.


- Competitor activity finally picked up in October 2012 with a total of 76 developments, well above the 12-month average of 64, and up from 52 in September and 50 in August. Levels of competitor activity are staying true to the traditionally busy months ahead of the Christmas holidays in many parts of the world.

- Staffing once again contributed the READ MORE >

Note: Product cover images may vary from those shown
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  • Bank of Montreal
  • Citigroup Inc.
  • Finantix S.p.A.
  • Inc.
  • Morgan Stanley
  • RBC Bank (USA)
  • MORE


- Catalyst
- Summary
- Methodology
Introduction- The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments - As of January 2011, OUR tracks the most relevant announcements from 100 competitors
- As of January 2012, OUR also tracks a selection of wealth management technology companies
- OUR'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 delivered alongside the report


- All activity picked up in October - Citigroup, Charles Schwab, RBS, and Wells Fargo have been the most active companies in the last six months


- Notable developments within the wealth management industry in October - Citi Private Bank's North America Asian Clients Group expands into three US markets
- Swiss private bank Pictet & Cie plans to enter the Israeli market
- UBS investment banker takes on wealth management role


- Bank Danamon - Indonesia: Danamon Syariah launches Sharia-based gold ownership financing

- Bank of China - Hong Kong: Bank of China (Hong Kong) Private Banking sponsors the "A Testament of Friendship” exhibition

- Bank of East Asia - Hong Kong: Bank of East Asia advertises the 10th anniversary of its mass affluent program with promotions

- Banque Privée Edmond de Rothschild - Switzerland: Banque Privée Edmond de Rothschild sponsors the Geneva Watchmaking Grand Prix

- Barings - UK: Barings launches the Emerging Markets Corporate Debt Fund

- Bendigo and Adelaide Bank - Australia: Bendigo Wealth partners with Cool Australia

- BMO Financial - Canada: BMO launches a financial planning website

- BNP Paribas - Europe: BNP Paribas launches a pan-European proposition targeting mass affluent expatriates

- Brewin Dolphin - UK: Brewin Dolphin launches BD TV

- Charles Schwab - US: Schwab to Take Trader Education Virtual with Live Online Streaming of “Schwab Trader Day”
- US: Schwab Performance Technologies announces new product releases for independent investment advisors

- Citigroup - US: Citi Private Bank's North America Asian Clients Group expands into three US markets

- Emirates NBD - UAE: Emirates NBD Priority Banking launches a lifestyle program for mass affluent customers
- UAE: Emirates NBD Private Banking launches the India SME Fund

- Falcon Private Bank - Russia: Falcon Private Bank endorses culture in Russia

- ICBC - Hong Kong: ICBC (Asia) launches a new account opening promotion

- National Bank of Abu Dhabi - UAE: National Bank of Abu Dhabi renews its sponsorship of the Yas Marina Circuit

- Sanlam - South Africa: Sanlam Private Investments launches a portraiture award with Rust-en-Vrede Art Gallery
- South Africa: Sanlam continues its sponsorship of Christian Eedes Chardonnay Report

- Santander - UK: Cater Allen launches a "Retail Distribution Review-ready" structured product

- Société Générale - Hong Kong: Société Générale Private Banking sponsors the Asia Pacific Family Office Conference

- Standard Chartered - UAE: Standard Chartered Private Bank to organize an art auction and exhibition for HNW clients


- Bank of China - Hong Kong: Bank of China (HK) opens a new wealth management center
- Singapore: Bank of China acquires a qualifying full bank license in Singapore

- Bank of East Asia - China: Bank of East Asia (China) opens a new branch in Ningbo Zhejiang Province

- BBVA - Spain: BBVA opens a private banking center in Tenerife

- BMO Financial Group - US: BMO Harris Bank integrates Harris Bank and M&I operating systems

- BSI - Bahrain: BSI opens its Middle East headquarters in Bahrain

- Charles Schwab - US: Schwab announces an agreement to acquire Thomas Partners

- Citigroup - Europe: Charles Schwab to close businesses in Europe
- Taiwan: Citibank upgrades its Taoyuan branch to include smart banking and a Citigold Private Client center
- UK: Aviva renews its contract with Citi to administer its retail wrap platform

- Crédit Agricole - France: Banque de Gestion Privée Indosuez rebrands as Crédit Agricole Indosuez Private Banking

- Credit Suisse - UK: Credit Suisse to sell Clariden Leu (Europe) to Falcon Private Bank

- DBS - Singapore: DBS inaugurates its new headquarters and the first dedicated DBS Treasures Private Client center

- EFG International - Switzerland: EFG International proceeds with the initial public offering of EFG Financial Products

- Falcon Private Bank - UK: Falcon Private Bank to acquire Clariden Leu (Europe) from Credit Suisse

- ICBC - Singapore: ICBC branch receives a qualifying full bank license from the Monetary Authority of Singapore

- Old Mutual - Global: Fairbairn and BoE Private Client brands disappear with the creation of Nedbank Private Wealth

- Pictet & Cie - Israel: Swiss private bank Pictet & Cie plans to enter the Israeli market

- Rathbones - UK: Rathbones acquires a stake in two Cornwall-based independent financial advisors

- Sanlam - UK: Sanlam acquires three more client books from independent financial advice firms exiting the market

- Standard Bank of South Africa - South Africa: Standard Bank's Isle of Man international trust and fiduciary unit to close

- Wells Fargo - US: FiNet adds multiple broker teams and now totals 540 practices, with over $55.5bn in AUM


- Barclays - UK: Barclays restructures its wealth management team

- BMO Financial - Hong Kong: BMO Global Asset Management hires head of Wealth Management Products for Asia

- BNY Mellon - US: BNY Mellon Wealth Management adds a relationship manager to its New York team
- US: BNY Mellon Wealth Management expands its team in southern California

- Brewin Dolphin - UK: Brewin Dolphin appoints a new head for its Nottingham office
- UK: Brewin Dolphin director retires

- Brown Brothers Harriman - US: Brown Brothers Harriman Wealth Management appoints the new head of its Chicago office
- US: Brown Brothers Harriman Trust Company of Delaware Appoints a new senior trust officer

- Citigroup - US: Citi Private Bank hires a director and UHNW private banker for its Palo Alto office
- US: Citi Private Bank hires a director and foreign exchange investment specialist in New York

- Crédit Agricole - Global: Crédit Agricole (Suisse) announces a new chief investment officer
- Lebanon: Crédit Agricole (Suisse) appoints a new chief executive for its Lebanese operations

- Deutsche Bank - UK: Deutsche Bank Private Wealth Management adds two bankers to its executives team

- HSBC - Guernsey: HSBC Premier adds two people to its banking team
- Vietnam: HSBC appoints a new vice president for its Premier proposition and wealth development

- Lloyds Banking Group - UK: St. James's Place Wealth Management intensifies its recruitment push after strong results

- OCBC - Singapore: OCBC appoints head of Consumer Financial Services Singapore and Group Premier Banking

- Raymond James - US: Raymond James recruits a new advisor to its Springfield office

- RBC Financial - Singapore: RBC appoints a private client director within its Singapore-based trust office
- UK: RBC Wealth Management appoints two directors to target Eastern Europe
- US: RBC hires a Wells Fargo advisor in Minnesota
- US: RBC Wealth Management hires a Morgan Stanley broker team in Dallas

- RBS - UK: Coutts appoints a managing director of Coutts International in the UK

- RHJ International - UK: new hires for Kleinwort Benson's offshore private wealth management business

- Société Générale - Global: Société Générale appoints a new chief operating officer for its private bank
- Japan: Société Générale appoints a new head of private banking in Japan
- Switzerland/UK: Société Générale makes appointments in its private investment banking team
- Switzerland: Société Générale appoints a new chief executive officer for Swiss private banking

- UBS - Switzerland: UBS investment banker takes on wealth management role

- US Bank - US: New West Region president appointed for The Private Client Reserve of US Bank
- US: US Bank appoints managing directors for Wealth Strategy and Client Advisory at Ascent Private Capital Management

- Wells Fargo - US: Abbot Downing names a new regional managing director for the Northeast Region
- US: Wells Fargo names the executive vice president and head of Wealth Brokerage Services


- Methodology
- Global Wealth Managers Survey 2012
- Further reading
- Bibliography
- Ask the analyst
- Disclaimer


- Table: OUR's Wealth Management Competitor Tracker covers the following 100 companies
- Table: OUR also tracks seven wealth management technology providers


- Figure: Overall competitor activity increased dramatically in October 2012, with M&A, Partnerships, and Organic Growth activity increasing by 50% on the previous month
- Figure: Citigroup has been the most active in the last six months

Note: Product cover images may vary from those shown
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- Bank of America Merrill Lynch
- Bank of Montreal
- Bharat Hotels Limited
- BMO Financial Group
- Brown Brothers Harriman & Co.
- Canadian Imperial Bank of Commerce
- Citigroup Inc.
- Coutts & Co
- Credit Suisse Group AG
- East West Bancorp
- Inc.
- Finantix S.p.A.
- General Mills
- Inc.
- Hutchison 3G UK Limited
- Macquarie Group Limited
- Monetary Authority of Singapore
- Morgan Stanley
- National Australia Bank Group Limited
- Pictet & Cie
- Rathbone Brothers Plc
- Raymond James Financial
- Inc.
- RBC Bank (USA)
- Sanlam Limited
- Sotheby's
- Sudzucker AG
- The Bank of Nova Scotia
- The Charles Schwab Corporation
- United Overseas Bank
- Wolters Kluwer nv

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