Asset Management Competitor Tracker, Q1 2010
This monthly tracker covers product innovation, customer targeting, M&A, partnerships and organic growth activity globally in the asset management space.
Reasons to Purchase
*Track the strategic developments announced by your key competitors.
*Assess which geographies and strategic areas are seeing the most activity.
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Table of Contents 2
Introduction 3
The Asset Management Competitor Tracker provides both one-month and 12-month views of developments 3
Each quarter, Datamonitor tracks the most relevant announcements from 49 competitors 3
Datamonitor’s Asset Management team provides analysis of the key developments 3
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in Q1 2010 5
The asset management industry recorded a steep increase in the number of developments in Q1 2010 5
There were 101 competitor developments in Q1 2010 5
Product innovation and customer targeting activity led the way in Q1 2010 6
Europe remained the most active region for asset management developments 9
Fixed-income and general equity innovations remained popular in Q1 2010 10
Product Innovation and Customer Targeting 12
AllianceBernstein 12
AllianceBernstein introduces volatility management component – February 2010 12
Bank of New York Mellon 12
BNY Mellon launches Nexus Execution Services – February 2010 12
BNY Mellon Asset Management introduces a new fund – March 2010 12
BNY Mellon Asset Management releases Real Asset Strategy – February 2010 13
BNY Mellon Asset Management introduces emerging-market pooled fund – February 2010 13
Barclays 13
Barclays Capital introduces capital-protected funds – January 2010 13
Barclays Capital introduces new exchange-traded notes – February 2010 14
Barclays Capital introduces ABS benchmark indices – March 2010 14
Barclays Capital introduces a new fund – January 2010 14
BBVA 15
Guaranty branches successfully rebranded as BBVA Compass – February 2010 15
Citigroup 15
Citibank Hungary provides long-term investment opportunities – March 2010 15
Citi introduces a new trading platform – March 2010 15
Citi launches a new solution for EU-domiciled hedge funds – January 2010 16
Accival and Banamex opens first virtual bank in Mexico – January 2010 16
Commerzbank 17
Commerzbank issues unsecured benchmark bond – March 2010 17
Crédit Agricole 17
Predica introduces SRI products – March 2010 17
Amundi renames its business lines – February 2010 17
Crédit Agricole announces rebranding of Calyon – February 2010 18
Amundi introduces new ETFs on Euronext Paris – January 2010 18
Amundi ETF consolidates its presence in Germany – March 2010 18
Amundi declares the rebranding of CAAM Funds – March 2010 18
Credit Suisse 18
Credit Suisse launches ETN linked to the Asset Management LAB Indices – February 2010 18
Deutsche Bank 19
Deutsche Bank launches UCITS-III-compliant equity fund – January 2010 19
Deutsche Bank introduces the Clean Tech Fund – January 2010 19
Deutsche Bank and Rakuten Securities introduce Chinese ETFs – February 2010 19
Deutsche Bank introduces an investment issuance platform – March 2010 19
Deutsche Bank releases a new algorithm – March 2010 20
Deutsche Bank releases co-branded clean technology index – February 2010 20
Goldman Sachs 20
Goldman Sachs Asset Management launches a new fund – February 2010 20
Henderson Global Investors 21
Henderson re-opens a property fund – January 2010 21
Henderson introduces a hedge fund – March 2010 21
HSBC 21
HSBC Launches World Selection funds in the US – March 2010 21
Intesa Sanpaolo 22
Intesa Sanpaolo launches a dual-tranche Eurobond issue – January 2010 22
Intesa Sanpaolo launches a 10-year benchmark Eurobond – March 2010 22
JP Morgan Chase 22
JPMorgan introduces a tax-reporting capability – March 2010 22
Julius Baer 22
Julius Baer introduces over-the-counter trading of investment funds – January 2010 22
Morgan Stanley 23
Morgan Stanley launches portfolio level trading algorithm – March 2010 23
Rabobank 23
Rabobank successfully issues senior contingent notes – March 2010 23
Santander 23
Santander launches new fixed rate bonds – January 2010 23
Santander Asset Management introduces income funds – January 2010 23
Santander issues fixed rate bonds – February 2010 24
Santander introduces fixed rate bonds paying 3.75% of AER – March 2010 24
Santander launches guaranteed investment products – March 2010 24
Schroders 24
Schroder launches a new fund – February 2010 24
Schroder Property releases a real-estate fund – January 2010 25
SEB 25
SEB’s introduces new version of The Benche – March 2010 25
Skandia 25
Skandia releases a bond analysis tool – January 2010 25
Skandia launches a corporate bond fund – March 2010 25
Skandia releases an online tool – February 2010 26
Skandia Investment Group launches funds for Swedish investors – February 2010 26
Société Générale 26
Lyxor adds new hedge funds – January 2010 26
UBS 26
UBS launches exchange-traded commodities- March 2010 26
UBS plans to launch a new trading facility – March 2010 27
UBS introduces gold-hedged exchange-traded note – January 2010 27
UBS Global Asset Management launches new tax management overlay – February 2010 28
M&A, Partnerships and Organic Growth 29
ABN Amro 29
ABN Amro and Fortis to merge in 2010 – March 2010 29
ABN Amro Bank and Royal Bank of Scotland demerged – February 2010 29
AllianceBernstein 29
AllianceBerstein to repurchase AllianceBerstein Holding units – March 2010 29
Aviva 30
Aviva to acquire River Road Asset Management – January 2010 30
AXA 30
AXA APH to sell its Australia and New Zealand business to NAB – March 2010 30
Bank of New York Mellon 30
Bank of New York Mellon to acquire CIBC Mellon’s corporate trust business – February 2010 30
BNY Mellon and Investor Analytics to provide services to Reich & Tang Asset Management – March 2010 31
BNY Mellon and Credit Union Association to provide remittance services to trade unions – March 2010 31
BNY Mellon Asset Management receives QFII license – February 2010 31
BNY Mellon Asset Management manages $200m global fixed-income mandate – January 2010 32
BNY Mellon to acquire PNC’s Global Investment Servicing business – February 2010 32
Barclays 32
Barclays granted license to open a new branch in Canada – February 2010 32
BlackRock 33
BlackRock acquires Helix Financial Services – January 2010 33
BNP Paribas 33
BNP Paribas enters into three separate alliances – March 2010 33
Citigroup 33
Citibank opens a new branch in Budapest – January 2010 33
Citibank opens six branches in Hong Kong – February 2010 34
Citibank opens its 10th branch in China – February 2010 34
Citibank opens a financial center in Dubai – February 2010 34
Citibank to provide cash management services to Shafiyyatul Amaliyyah – March 2010 35
Citibank opens a new branch in Tanah Abang – March 2010 35
Citi to provide fund administration services to Wegelin & Co – January 2010 35
Commerzbank 35
Commerzbank and Bank Audi sal reach a sale agreement – January 2010 35
Commerzbank sells off Dresdner VPV and Privatinvest Bank – February 2010 36
Crédit Agricole 36
Crédit Agricole to increase the number of its branches in Italy – February 2010 36
Credit Suisse 36
Credit Suisse opens a branch in Rolex Learning Center – February 2010 36
Credit Suisse to re-establish its equity trading business in Poland – January 2010 36
Credit Suisse and Bloomberg come together to provide AES Options strategies – January 2010 36
Deutsche Bank 37
Deutsche Bank opens branch in Abu Dhabi – February 2010 37
Deutsche Bank to provide Islamic commercial and investment banking services – March 2010 37
Deutsche Bank to acquire stake in Craigs Investment Partners – March 2010 37
HSBC 38
HSBC opens new branches in US – February 2010 38
HSBC opens a branch in Los Angeles – March 2010 38
ING 38
ING completes the sale of its private banking business in Asia – January 2010 38
Intesa Sanpaolo 39
Intesa Sanpaolo plans to divest branches in Italy – February 2010 39
JPMorgan Chase 39
JPMorgan opens a new branch in Abu Dhabi – February 2010 39
Julius Baer 39
Julius Baer acquires businesses of ING Bank (Switzerland) – January 2010 39
Morgan Stanley 39
Morgan Stanley and MUFG to form join-venture companies in Japan – March 2010 39
Pictet & Cie 40
Pictet appoints Jabre Capital Partners to manage a new fund – February 2010 40
Sal. Oppenheim 40
Sal. Oppenheim acquires Gen Re Capital – January 2010 40
Macquarie plans to acquire Sal. Oppenheim’s cash equities sales and research – February 2010 40
Sal. Oppenheim Group announces its new ownership – March 2010 41
Skandia 41
Skandia Investment Group appoints Fifth Third Asset Management – January 2010 41
Skandia Investment Group selects financials – January 2010 41
Société Générale 41
Société Générale plans merger of Société Générale Russian subsidiaries – February 2010 41
TCW acquires MetWest – February 2010 42
State Street 42
State Street inaugurates its new headquarters – March 2010 42
Appendix 43
Methodology 43
Further reading 43
Ask the analyst 43
Datamonitor consulting 43
Disclaimer 43
Introduction 3
The Asset Management Competitor Tracker provides both one-month and 12-month views of developments 3
Each quarter, Datamonitor tracks the most relevant announcements from 49 competitors 3
Datamonitor’s Asset Management team provides analysis of the key developments 3
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in Q1 2010 5
The asset management industry recorded a steep increase in the number of developments in Q1 2010 5
There were 101 competitor developments in Q1 2010 5
Product innovation and customer targeting activity led the way in Q1 2010 6
Europe remained the most active region for asset management developments 9
Fixed-income and general equity innovations remained popular in Q1 2010 10
Product Innovation and Customer Targeting 12
AllianceBernstein 12
AllianceBernstein introduces volatility management component – February 2010 12
Bank of New York Mellon 12
BNY Mellon launches Nexus Execution Services – February 2010 12
BNY Mellon Asset Management introduces a new fund – March 2010 12
BNY Mellon Asset Management releases Real Asset Strategy – February 2010 13
BNY Mellon Asset Management introduces emerging-market pooled fund – February 2010 13
Barclays 13
Barclays Capital introduces capital-protected funds – January 2010 13
Barclays Capital introduces new exchange-traded notes – February 2010 14
Barclays Capital introduces ABS benchmark indices – March 2010 14
Barclays Capital introduces a new fund – January 2010 14
BBVA 15
Guaranty branches successfully rebranded as BBVA Compass – February 2010 15
Citigroup 15
Citibank Hungary provides long-term investment opportunities – March 2010 15
Citi introduces a new trading platform – March 2010 15
Citi launches a new solution for EU-domiciled hedge funds – January 2010 16
Accival and Banamex opens first virtual bank in Mexico – January 2010 16
Commerzbank 17
Commerzbank issues unsecured benchmark bond – March 2010 17
Crédit Agricole 17
Predica introduces SRI products – March 2010 17
Amundi renames its business lines – February 2010 17
Crédit Agricole announces rebranding of Calyon – February 2010 18
Amundi introduces new ETFs on Euronext Paris – January 2010 18
Amundi ETF consolidates its presence in Germany – March 2010 18
Amundi declares the rebranding of CAAM Funds – March 2010 18
Credit Suisse 18
Credit Suisse launches ETN linked to the Asset Management LAB Indices – February 2010 18
Deutsche Bank 19
Deutsche Bank launches UCITS-III-compliant equity fund – January 2010 19
Deutsche Bank introduces the Clean Tech Fund – January 2010 19
Deutsche Bank and Rakuten Securities introduce Chinese ETFs – February 2010 19
Deutsche Bank introduces an investment issuance platform – March 2010 19
Deutsche Bank releases a new algorithm – March 2010 20
Deutsche Bank releases co-branded clean technology index – February 2010 20
Goldman Sachs 20
Goldman Sachs Asset Management launches a new fund – February 2010 20
Henderson Global Investors 21
Henderson re-opens a property fund – January 2010 21
Henderson introduces a hedge fund – March 2010 21
HSBC 21
HSBC Launches World Selection funds in the US – March 2010 21
Intesa Sanpaolo 22
Intesa Sanpaolo launches a dual-tranche Eurobond issue – January 2010 22
Intesa Sanpaolo launches a 10-year benchmark Eurobond – March 2010 22
JP Morgan Chase 22
JPMorgan introduces a tax-reporting capability – March 2010 22
Julius Baer 22
Julius Baer introduces over-the-counter trading of investment funds – January 2010 22
Morgan Stanley 23
Morgan Stanley launches portfolio level trading algorithm – March 2010 23
Rabobank 23
Rabobank successfully issues senior contingent notes – March 2010 23
Santander 23
Santander launches new fixed rate bonds – January 2010 23
Santander Asset Management introduces income funds – January 2010 23
Santander issues fixed rate bonds – February 2010 24
Santander introduces fixed rate bonds paying 3.75% of AER – March 2010 24
Santander launches guaranteed investment products – March 2010 24
Schroders 24
Schroder launches a new fund – February 2010 24
Schroder Property releases a real-estate fund – January 2010 25
SEB 25
SEB’s introduces new version of The Benche – March 2010 25
Skandia 25
Skandia releases a bond analysis tool – January 2010 25
Skandia launches a corporate bond fund – March 2010 25
Skandia releases an online tool – February 2010 26
Skandia Investment Group launches funds for Swedish investors – February 2010 26
Société Générale 26
Lyxor adds new hedge funds – January 2010 26
UBS 26
UBS launches exchange-traded commodities- March 2010 26
UBS plans to launch a new trading facility – March 2010 27
UBS introduces gold-hedged exchange-traded note – January 2010 27
UBS Global Asset Management launches new tax management overlay – February 2010 28
M&A, Partnerships and Organic Growth 29
ABN Amro 29
ABN Amro and Fortis to merge in 2010 – March 2010 29
ABN Amro Bank and Royal Bank of Scotland demerged – February 2010 29
AllianceBernstein 29
AllianceBerstein to repurchase AllianceBerstein Holding units – March 2010 29
Aviva 30
Aviva to acquire River Road Asset Management – January 2010 30
AXA 30
AXA APH to sell its Australia and New Zealand business to NAB – March 2010 30
Bank of New York Mellon 30
Bank of New York Mellon to acquire CIBC Mellon’s corporate trust business – February 2010 30
BNY Mellon and Investor Analytics to provide services to Reich & Tang Asset Management – March 2010 31
BNY Mellon and Credit Union Association to provide remittance services to trade unions – March 2010 31
BNY Mellon Asset Management receives QFII license – February 2010 31
BNY Mellon Asset Management manages $200m global fixed-income mandate – January 2010 32
BNY Mellon to acquire PNC’s Global Investment Servicing business – February 2010 32
Barclays 32
Barclays granted license to open a new branch in Canada – February 2010 32
BlackRock 33
BlackRock acquires Helix Financial Services – January 2010 33
BNP Paribas 33
BNP Paribas enters into three separate alliances – March 2010 33
Citigroup 33
Citibank opens a new branch in Budapest – January 2010 33
Citibank opens six branches in Hong Kong – February 2010 34
Citibank opens its 10th branch in China – February 2010 34
Citibank opens a financial center in Dubai – February 2010 34
Citibank to provide cash management services to Shafiyyatul Amaliyyah – March 2010 35
Citibank opens a new branch in Tanah Abang – March 2010 35
Citi to provide fund administration services to Wegelin & Co – January 2010 35
Commerzbank 35
Commerzbank and Bank Audi sal reach a sale agreement – January 2010 35
Commerzbank sells off Dresdner VPV and Privatinvest Bank – February 2010 36
Crédit Agricole 36
Crédit Agricole to increase the number of its branches in Italy – February 2010 36
Credit Suisse 36
Credit Suisse opens a branch in Rolex Learning Center – February 2010 36
Credit Suisse to re-establish its equity trading business in Poland – January 2010 36
Credit Suisse and Bloomberg come together to provide AES Options strategies – January 2010 36
Deutsche Bank 37
Deutsche Bank opens branch in Abu Dhabi – February 2010 37
Deutsche Bank to provide Islamic commercial and investment banking services – March 2010 37
Deutsche Bank to acquire stake in Craigs Investment Partners – March 2010 37
HSBC 38
HSBC opens new branches in US – February 2010 38
HSBC opens a branch in Los Angeles – March 2010 38
ING 38
ING completes the sale of its private banking business in Asia – January 2010 38
Intesa Sanpaolo 39
Intesa Sanpaolo plans to divest branches in Italy – February 2010 39
JPMorgan Chase 39
JPMorgan opens a new branch in Abu Dhabi – February 2010 39
Julius Baer 39
Julius Baer acquires businesses of ING Bank (Switzerland) – January 2010 39
Morgan Stanley 39
Morgan Stanley and MUFG to form join-venture companies in Japan – March 2010 39
Pictet & Cie 40
Pictet appoints Jabre Capital Partners to manage a new fund – February 2010 40
Sal. Oppenheim 40
Sal. Oppenheim acquires Gen Re Capital – January 2010 40
Macquarie plans to acquire Sal. Oppenheim’s cash equities sales and research – February 2010 40
Sal. Oppenheim Group announces its new ownership – March 2010 41
Skandia 41
Skandia Investment Group appoints Fifth Third Asset Management – January 2010 41
Skandia Investment Group selects financials – January 2010 41
Société Générale 41
Société Générale plans merger of Société Générale Russian subsidiaries – February 2010 41
TCW acquires MetWest – February 2010 42
State Street 42
State Street inaugurates its new headquarters – March 2010 42
Appendix 43
Methodology 43
Further reading 43
Ask the analyst 43
Datamonitor consulting 43
Disclaimer 43
Related Reports
- Asset Management Competitor Tracker, Q1 2009
- Asset Management Competitor Tracker: Q3, 2010
- Asset Management Competitor Tracker, Q2 2010
- Asset Management Competitor Tracker, Q3 2009
- Asset Management Competitor Tracker, Q2 2009
- Asset Management Competitor Tracker, Q4 2008
- Asset Management Competitor Tracker, Q3 2008
- Life and Pensions Quarterly Competitor Tracker Q1 2010
- Wealth Management Competitor Tracker: October 2010
- Wealth Management Competitor Tracker: September 2010
