Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Wealth Management Competitor Tracker provides both one month and 12 month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 57 competitors 3
Datamonitor's Wealth Management Team provides analysis of the key developments at both the one month and 12 month level 4
A fully searchable database of the past 12 months of developments is also delivered alongside the report 4
Key Trends and Developments in September 5
There were a few notable developments within the wealth management industry during September 5
ANZ to acquire full ownership of ING wealth management, life insurance and advice businesses in Australia and New Zealand 5
Westpac to own 100% of Ascalon Capital Managers 5
In September, activity in the wealth management market picked up slightly 7
There were a total of 22 competitor developments in September 7
Most of the wealth developments this month were staffing changes and M&A activity 8
European and Asian countries saw the largest shares of wealth management activity in September 9
Product innovation and customer targeting 10
Citibank 10
Citibank launches investment advisory service for affluent clients in Singapore 10
Credit Suisse 10
Credit Suisse launches the indexed investment group for private investors in pensions 10
M&A, Partnerships and Organic Growth 11
ANZ 11
ANZ to acquire full ownership of ING wealth management, life insurance and advice businesses in Australia and New Zealand 11
BNP PARIBAS 11
BNP Paribas wealth management begins its operations in Germany 11
BNP Paribas Securities Services to provide global custody services to CDG Capital 12
Citibank 12
Citibank Taiwan completes business integration and relocation of its headquarters 12
Citi inaugurates new branch in Budapest 12
KBC 13
KBL Securities and KBL European Private buy 4.89% stake in Kredyt Bank from Sofina Group 13
Nordea 13
Nordea acquires Fionia Bank 13
Northern Trust 14
Northern Trust opens branch office in Stockholm 14
Westpac 14
Westpac to own 100% of Ascalon Capital Managers 14
Staffing 15
Barclays 15
Barclays Wealth appoints head of investment strategy for EMEA 15
Barclays Wealth appoints new head of sales of Barclays Wealth Managers España 15
Barclays Wealth appoints John Saunders 15
Barclays Wealth appoints head of active advisors for North Asia 15
Barclays Wealth appoints new director for its international private banking team 16
Barclays Wealth appoints head of Spanish business 16
Barclays Wealth appoints head of South East Asia and South Asia and market manager for the South Asian community 16
Citibank 17
Debashish Duttagupta appointed as head of investments for Asia Pacific wealth management 17
Credit Agricole 17
Youssef Dib takes over as head of private banking at Crédit Agricole Suisse 17
Morgan Stanley 17
Morgan Stanley Private Wealth Management appoints Mauricio Sanchez as head of Latin America 17
RBC 18
Vijay Parmar appointed president of RBC Phillips, Hager & North Investment Counsel 18
Appendix 19
Methodology 19
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
List of Tables
Table 1: The 57 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
List of Figures
Figure 1: Activity in the wealth management industry lifted slightly in September 7
Figure 2: Developments in the staffing and M&A categories increased over the previous month 8
Figure 3: Wealth management activity continued to remain weak in North America 9