Friday, February 4, 2011


Wealth Management Competitor Tracker, February 2010

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.
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OVERVIEW 1
Catalyst 1
Summary 1
Methodology 1
TABLE OF CONTENTS 2
PRODUCT INNOVATION AND CUSTOMER TARGETING 3
Barclays 3
Barclays Wealth launches ‘Family Business Forum’ 3
BNY Mellon 3
BNY Mellon launches Nexus Execution Services 3
Citi 3
Citigold launches wealth management services for Citibank savings clients 3
Citigold provides lunar New Year special offers 4
Citigold opens Citibank Lounge at the Prague airport 4
Citi Advance opens a new branch 4
Credit Suisse 4
Credit Suisse introduces new exchange traded notes 4
Goldman Sachs 5
Goldman Sachs Asset Management launches a new fund 5
HSBC 5
HSBC launches personal banking for emerging mass affluent segment 5
UBS 6
UBS Global Asset Management launches new tax management overlay 6
Wells Fargo 6
Wells Fargo introduces a new retirement site 6
M&A, PARTNERSHIPS AND ORGANIC GROWTH 8
ABN Amro 8
ABN Amro Holding announces demerger of ABN Amro and RBS 8
ANZ 8
ANZ to expand in Chongqing 8
BBVA 8
BBVA Compass converts and rebrands Guaranty branches 8
Citi 9
Citibank inaugurates a financial center in Dubai 9
Citi announces expansion plans in China 9
Citigroup opens six branches in Hong Kong 9
Citi opens a new branch at WestEnd shopping mall in Budapest 10
Commerzbank 10
Commerzbank sells its shareholding in Privatinvest Bank 10
Commerzbank completes the sale of Dresdner Bank 10
Crédit Agricole 10
Crédit Agricole plans to increase its network in Italy 10
Crédit Agricole plans for the sale of Credit Uruguay Banco 10
Crédit Agricole announces rebranding of Calyon 10
DBS 11
DBS opens its headquarters in Shanghai 11
DBS Bank partners with Knight Frank to introduce real estate solutions 11
Great Western Bank 11
Great Western Bank purchases F&M Bank 11
Hang Seng 11
Hang Seng launches the first cross-city sub-branch 11
HSBC 12
HSBC opens new branches in US 12
ING 12
ING completes the sale of its private banking business in Asia 12
Intesa Sanpaolo 12
Intesa Sanpaolo announces the listing process of Banca Fideuram 12
JPMorgan 12
JPMorgan opens a new branch in Abu Dhabi 12
JPMorgan announces the expansion of its fixed income business in Poland 13
OCBC 13
OCBC launches Bank of Singapore 13
Sarasin 13
Sarasin closes the sale of Colombo Gestioni Patrimoniali 13
Société Générale 13
Société Générale Group and Interros plan to merge Société Générale Russian subsidiaries 13
TCW completes MetWest acquisition 14
Standard Chartered 14
Standard Chartered Malaysia expands and relocates branch 14
STAFFING 15
ANZ 15
ANZ appoints Wendy Lim 15
Bank of America 15
US Trust appoints Thong Nguyen and Chris Heilmann 15
Bank of America Global Wealth and Investment Management appoints Kunal Kamlani 15
Bank of America Merrill Lynch appoints Sam Chapin and Todd Kaplan 16
Barclays 16
Barclays Wealth appoints Ruth Davis 16
Barclays Wealth appoints three new investment representatives 16
Barclays Wealth hires Tim O’Connor 17
Barclays Wealth makes appointments in South Asia Private Banking 17
Barclays Wealth appoints Henry Fischel-Bock as head of London 17
Barclays Wealth hires managing director in Boston 17
HSBC 18
HSBC appoints Irene Dorner 18
Intesa Sanpaolo 18
Intesa Sanpaolo appoints general managers 18
Morgan Stanley 18
Morgan Stanley Smith Barney appoints Matthew Comyn 18
Schroders 18
Schroders develops its private banking team 18
APPENDIX 20
Methodology 20
Further reading 20
Ask the analyst 20
Datamonitor consulting 20
Disclaimer 20

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