M&A, Partnerships and Organic Growth in Wealth Management, Q2 2007

Table of Contents

• The Roundup
  • M&A
  • Partnership
  • Organic growth
• The Developments
  • ABN AMRO
    • ABN AMRO to acquire Taitung Business Bank in Taiwan (M&A) - June 2007
  • Allianz
    • Allianz subsidiary Dresdner Bank acquires Belgian wealth managers Van Moer Santerre and Damien Courtens (M&A) - May 2007
  • ANZ
  • Banca del Gottardo
  • Bank of America
    • UK expansion for Bank of America targets hedge funds (Organic growth) - June 2007
    • Wealth management center opened by Bank of America in New Hampshire (Organic growth) - May 2007
  • Bank of Tokyo Mitsubishi UFJ
  • Barclays
    • Barclays to acquire Walbrook (M&A) - May 2007
    • Barclays enters the Indian retail banking market (Organic growth) - May 2007
  • BBVA
  • Bessemer Trust (whole business)
  • BNP Paribas
    • Taiwan expansion for BNP Paribas (Organic growth) - June 2007
    • BNP Paribas acquires Dexia Banque Priv&eaucte;e France (M&A) - May 2007
  • Citigroup
    • Citibank develops business in Israel with new office (Organic growth) - June 2007
    • CitiBank expands in Taiwan with acquisition of Bank of Overseas Chinese (M&A) - April 2007
  • Commerzbank
  • Crédit Agricole
    • Crédit Agricole to acquire Bank Sarasin Europe (M&A) - May 2007
  • Credit Suisse
    • Credit Suisse extends its presence in Ukraine, and Kazakhstan (Organic growth) - June 2007
  • DBS
    • DBS launches Islamic Bank of Asia in Singapore (Organic growth) - May 2007
  • Deutsche Bank
    • Norwegian expansion for Deutsche Bank (Organic growth) - June 2007
  • Dexia
  • Fortis
    • Fortis, Santander and Royal Bank of Scotland announce offer for ABN AMRO (M&A) - April 07
  • Goldman Sachs
  • Gruppo Banco Popolare di Verona e Novara (BPVN)
  • Hang Seng
  • HSBC
    • Hang Seng Bank has locally-incorporated subsidiary in mainland China (Organic growth) - May 2007
    • HSBC launches operations throughout mainland China (Organic growth) - April 2007
  • ING
    • ING Direct to launch operations in Japan (Organic growth) - May 2007
    • ING to acquire Landmark Investment Management (M&A) - June 2007
  • Intesa Sanpaolo
  • Investec
  • JP Morgan Chase
    • Investor Group to Purchase SLM Corporation (M&A) - April 2007
  • Julius Baer
  • KBC Securities
    • KBC acquires Equitas (M&A) - April 2007
    • KBC acquires a majority stake in Absolut Bank (M&A) - April 2007
    • KBC acquires majority stake in Liontamer (New Zealand) (M&A) - March 2007
  • Lloyds TSB
  • Mellon Financial Corp.
    • Mellon Financial to provide managed accounts outsourcing for Bear Stearns (Partnership) - April 2007
    • Mellon to provide services for ABN AMRO' s UCITS III Funds (Partnership) - May 2007
    • Merger of Bank of New York and Mellon Financial approved (M&A) - June 2007
  • Merrill Lynch
    • Merrill Lynch announces minority investment in GSO Capital Partners (M&A) - May 2007
    • Merrill Lynch announces acquisition of minority stake in Sterling Stamos Capital Management (M&A) - May 2007
    • Merrill Lynch gains license to operate in Saudi Arabia and opens new regional headquarters (Organic growth) - June 2007
  • Mizuho Holdings Inc.
    • Mizuho Announces Dissolution of Mizuho Preferred Capital (Cayman) (Divestment) - April 2007
  • Monte Paschi di Sienna (MPS)
  • Morgan Stanley
    • Morgan Stanley apply for license to operate in Egypt (Organic growth) - May 2007
  • National Australia Bank (NAB)
  • Nordea
  • Northern Trust
    • Northern Trust and Mitsubishi UFJ to provide cross-border estate administration services (Partnership) - May 2007
    • Northern Trust expands operations with opening of Office in Wheaton, Illinois (Organic growth) - June 2007
  • OCBC
  • Pictet & Cie
  • PNC
    • PNC to acquire Yardville National Bancorp (M&A) - June 07
  • RBC Financial Group
    • RBC Capital Markets to acquire Seasongood & Mayer (M&A) - April 07
  • RBS
  • Sal. Oppenheim
    • Sal. Oppenheim forms a joint venture with Compagnie Nationale Portefeuille / Nationale Portefeuille Maatschappij (Partnership) - April 07
    • Sal. Oppenheim acquires a stake in US based Miller Buckfire (M&A) - April 07
    • Sal. Oppenheim acquires a stake in UK based GLG Partners (M&A) - June 07
    • Sal. Oppenheim takes full ownership of Oppenheim Pramerica (M&A) - June 07
  • Santander
  • Sarasin
  • Schroders
  • SEB
    • SEB to open an office in New Delhi, India (Organic Growth) - May 07
  • Société Générale
    • Société Générale to create subsidiary in Vietnam (Organic Growth) - May 07
  • St George
  • Standard Chartered
    • Standard Chartered opens branch in Guangzhou (Organic Growth) - May 07
    • Standard Chartered increases presence in United Arab Emirates (Organic Growth) - May 07
    • Standard Chartered launches Private Banking operations in India (Organic Growth) - June 07
    • Standard Chartered launches Private Banking operations in China (Organic Growth) - June 07
  • UBS
    • UBS sells its stake in Julius Baer (M&A) - June 07
  • UniCredit
  • Union Bancaire Privée (UBP)
  • United Overseas Bank (UOB)
    • UOB opens a Shenyang Branch (Organic Growth) - June 07
  • Vontobel
    • Vontobel opens a London Branch (Organic Growth) - May 07
  • Wachovia
  • Westpac
    • Westpac to open Shanghai Branch (Organic Growth) - June 07
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer