Wealth Management Competitor Tracker, August 2009

Table of Contents

OVERVIEW

• Catalyst
• Summary
• Methodology

INTRODUCTION

• The Wealth Management Competitor Tracker provides both one month and 12 month views of developments
  • Each month, Datamonitor tracks the most relevant announcements from 57 competitors
  • Datamonitor' s Wealth Management Team provides analysis of the key developments at both the one month and 12 month level
  • A fully searchable database of the past 12 months of developments is also delivered alongside the report

KEY TRENDS AND DEVELOPMENTS IN AUGUST

• There were a few notable developments within the wealth management industry during August
  • ANZ reaches an agreement to buy select RBS businesses in Asia
  • Commerzbank disposes of Dresdner Bank (Switzerland)
  • Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership
• In August, activity in the wealth management market remained slow
  • There were a total of 17 competitor developments in August
  • The majority of wealth developments this month were evenly split between M&A activity and staffing changes
  • European and Asian countries saw the largest shares of wealth management activity in August

PRODUCT INNOVATION AND CUSTOMER TARGETING

• HSBC
  • HSBC New Zealand offers emerging market funds to affluent clients

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• ANZ
  • ANZ reaches an agreement to buy select RBS businesses in Asia
• Bank of East Asia
  • Bank of East Asia opens first branch in Taiwan
• Citigroup
  • Citi expands banking network in mainland China
• Commerzbank
  • Commerzbank sells Dresdner Bank (Switzerland) to LGT
  • Commerzbank transfers Reuschel to Conrad Hinrich Donner Bank
• Deutsche Bank
  • Deutsche Bank and Sal. Oppenheim Group to form a strategic partnership
• Mellon Financial Corporation
  • BNY Mellon expands in Hong Kong
• Sarasin
  • Bank Sarasin continues to grow in Nuremberg

STAFFING

• Abu Dhabi Islamic Bank
  • Abu Dhabi Islamic Bank appoints Malik Sarwar head of global wealth management
• Bank of America
  • Bank of America announces new head of global wealth and investment management
• Barclays
  • Barclays Wealth appoints head of multi-manager and third-party funds
  • Barclays Wealth appoints new general manager for the Dubai office
  • Alan Edwards joins Barclays Wealth as regional head for the Manchester and Leeds offices
• HSBC
  • HSBC Private Bank appoints Allison Mahoney as senior vice president
  • Bernard Rennell becomes global head of private wealth solutions at HSBC
• Northern Trust
  • Lesley Hodgson joins Northern Trust as head of wealth management in the Channel Islands

APPENDIX

• Methodology
• Further reading
• Ask the analyst
• Datamonitor consulting
• Disclaimer

TABLES

• Table: The 57 companies covered by Datamonitor' s Wealth Management Competitor Tracker

FIGURES

• Figure: Activity in the wealth management industry continued to remain fairly depressed in August
• Figure: M&A based activity increased while staffing changes remained steady in August as compared to the previous month
• Figure: Wealth management activity continued to remain weak in North America