Report: Asset Management Competitor Tracker, Q3 2008 TOC

Overview
- Catalyst
- Summary
- Methodology
Table of Contents
Introduction
- The Asset Management Competitor Tracker provides both one month and 12 month views of developments
  - Each quarter, Datamonitor tracks the most relevant announcements from 49 competitors
  - Datamonitor' s Asset Management Team provides analysis of the key developments
  - A fully searchable database of the past 12 months of developments is also delivered alongside the report
Key trends and developments in q3 2008
- The asset management industry has moved from product innovation to an increase in M&A-related activity in Q3 2008
  - Q3 2008 registered 114 competitor developments
  - Mergers and acquisition, organic growth and partnership activity lead the way in Q3 2008
    - The asset management industry has been in turmoil and is stabilizing itself through M&A activity
  - Europe-focused partnerships have driven competitor activity in Q3 2008
    - Key European partnership activity in Q3 2008
  - Europe also accounted for the majority of M&A activity in Q3
    - Key European M&A events in Q3 2008
  - Organic growth in Q3 2008 has been strong in Asia and the Middle East
    - Key organic growth developments in Asia and the Middle East in Q3 2008
    - Key organic growth developments in Europe in Q3 2008
  - Europe, North America and Asia all witnessed greater competitor activity during September
  - Despite accounting for the majority of competitor activities over the last 12 months, product innovations have been less significant in Q3
Product innovation and customer targeting
- Allianz
  - Allianz GI and cominvest prepare integration - September 2008
  - Allianz Global Investors confirms BRIC Stars Fund link with Norwich Union platform - September 2008
  - Allianz Global Investors and cominvest agree on common principles for joint product range - September 2008
  - Allianz Global Investors confirms Global EcoTrends Fund link with two fund platforms - September 2008
- Amvescap
  - PowerShares introduces MENA Frontier Countries portfolio - July 2008
  - PowerShares lists Global Wind Energy ETF on NASDAQ - July 2008
  - Invesco PowerShares to list Global Progressive - Innovation August 2008
  - PowerShares Global Progressive Transportation Portfolio listed on NASDAQ - September 2008
  - PowerShares lists four Global Commodity-Producer ETFs on NASDAQ - September 2008
  - Invesco PowerShares offers Emerging Markets Infrastructure ETF -September 2008
  - Invesco PowerShares lists Global Biotech ETF on NASDAQ - September 2008
- Aviva
  - Aviva Investors launches Global High Yield Bond fund - September 2008
  - Norwich Union offering Asia Pacific property fund - September 2008
- Barings
  - Barings converts Pacific Fund to Asian Frontiers Fund - Innovation August 2008
- BNP Paribas
  - BNP Paribas Securities Services ready to launch Turquoise trading facility- July 2008
- BNY Mellon
  - Mellon moves Newton Absolute Intrepid fund to IMA Absolute Return sector - July 2008
  - Russian index launched by BNY Mellon - July 2008
  - BNY Mellon offer 130/30 large-cap universe - July 2008
- Citigroup
  - Banca Patrimonial Banamex offers Mexican customers Templeton Global Bond Fund (targeting/new product) - July 2008
  - Japan: Nikko Cordial Securities to launch Nikko direct stock trading service - August 2008
- Crédit Agricole
  - Crédit Agricole Asset Management extends its commodity equity range with the launch of Global Agriculture fund - July 2008
  - CAAM offers employees new retirement savings opportunities - July 2008
  - STTS Group boosts equity capital by €14 million - September 2008
  - Crédit Agricole Cheuvreux is the first broker to sign the United Nations' Principles for Responsible Investment (UN PRI) - September 2008
- Credit Suisse
  - Credit Suisse launches full service Middle East equities platform - July 2008
- DBS
  - Islamic Bank of Asia introduces Shariah-compliant profit rate swap structure and FX forward purchase contract (innovation/targeting) - July 2008
- Deutsche Bank
  - Deutsche Securities sole lead manages10-year domestic straight bond for Mitsubishi Estate - July 2008
  - Deutsche Bank launches global cash payment system to meet client' s FX and cash management needs - July 2008
- Fortis
  - Fortis Investments launches Clean Energy Fund - September 2008
- Franklin Templeton
  - Franklin Templeton Investments account information live on DST Vision -August 2008
- HSBC
  - HSBC broadens customer base for New Frontiers fund - July 2008
  - HSBC Global Asset Management offers Middle East and North Africa fund - September 2008
- JPMorgan Chase
  - JPMorgan launches Target Date NavigatorSM - September 2008
- Pictet & Cie
  - Pictet branches out with the launch of PF(LUX)-Timber - September 2008
- State Street
  - US: State Street launches industry derivatives servicing platform - August 2008
- State Street
  - Enhanced analytical tools from State Street - September 2008
M&A, Partnerships and Organic Growth
- Amvescap
  - Invesco Perpetual takes over management of The Edinburgh Investment Trust (Partnerhip) - September 2008
  - Invesco WL Ross and Huaneng Capital Services in joint venture to invest in Chinese power generation - September 2008
- Aviva
  - Aviva Investors created - September 2008
  - From September 29, Commercial Union Investment Management (Poland) SA will be operating under a new name: Aviva Investors Poland SA - September 2008
- AXA
  - AXA Investment Managers and Kyobo Life form asset management joint venture in South Korea - September 2008
  - AXA Investment Managers reorganizes Fixed Income division - September 2008
- Barclays
  - Barclays to invest in New China Trust - August 2008
  - Barclays to acquire Lehman Brothers' North American Investment Banking and Capital Markets businesses - September 2008
- BlackRock
  - BlackRock to acquire Impact Investing - July 2008
- BNP Paribas
  - BNP Paribas Corporate and Investment Banking restructures to improve institutional client relationships - July 2008
  - BNP Paribas Securities Services has taken on its first mandates in Singapore - July 2008
  - BNP Paribas Securities Services completes Exelbank integration - July 2008
  - Shinhan Financial Group and BNP Paribas announce the launch of a new asset management company - September 2008
- BSI AG
  - BSI obtains CBB license and opens representative office in the Kingdom of Bahrain - July 2008
- Citigroup
  - Citibank NA to distribute BMA Funds at branches - August 2008
  - Citi signs agreement with Korea Securities Depository for settlement service - August 2008
  - Citi to provide direct custody and clearing services in Nigeria - August 2008
  - Citi Launches CitiFX Pro in Asia via Hong Kong launch - September 2008
- Commerzbank
  - Commerzbank opens Libyan office - September 2008
- Coiff' Idis
  - Coiff' Idis supported by Crédit Agricole Private Equity and Avenir Entreprises - September 2008
- Crédit Agricole
  - Crédit Agricole Cheuvreux adds Johannesburg Stock Exchange to its execution venues - July 2008
  - Crédit Agricole Private Equity launches co-investment activity - September 2008
  - Urbasolar sells a stake in its capital to Crédit Agricole Private Equity - September 2008
  - Crédit Agricole Private Equity has completed the sale of Ital Express - September 2008
- Credit Suisse
  - Credit Suisse AES becomes the first foreign broker to execute a DMA trade in Indonesia - August 2008
  - Credit Suisse acquires majority interest in Asset Management Finance Corporation - August 2008
  - Credit Suisse Benelux wins Ahold Pension Fund Private Equity mandate - September 2008
- Delta Lloyd
  - Delta Lloyd restructures asset management - September 2008
- Deustsche Bank
  - Deutsche Bank launches its first subsidiary in Peru - July 2008
  - Deutsche Bank offers access to Saudi Arabia' s stock market - August 2008
  - Deutsche Bank hires three Greater China corporate finance execution specialists - September 2008
  - ADX and Deutsche Bank sign custody agreement - September 2008
  - Deutsche Bank appoints Charlie Ye as head of Global Rates Trading - September 2008
  - Deutsche Bank and UFG Asset Management form a strategic partnership in Russia - September 2008
  - DFM and Deutsche Bank sign custody agreement - September 2008
  - Deutsche Bank establishes Deutsche Securities and Services in the UAE - September 2008
- DNB Nor
  - DNB prepares to enter the Chilean market - September 2008
- Fortis
  - Fortis sells International Asset Management - July 2008
  - Fortis Investments launches its first Russian equity fund for retail clients in Japan - July 2008
  - Fortis Ping An asset management partnership now unlikely to go ahead - September 2008
  - Fortis update regarding Artemis Asset Management - September 2008
- Fortress
  - Pioneer Investments and Torre sign partnership agreement for Italian real estate products - July 2008
- HBOS
  - Absolute Insight' s UK Equity Market Neutral goes live on Cofunds - September 2008
- HSBC
  - HSBC adds Austria to growing franchise in Central and Eastern Europe - August 2008
- ING
  - ING/AZL fiduciary manager for Pension Fund Social and Economic Council of the Netherlands - July 2008
  - Niemeijer pension fund establishes fiduciary relationship with ING/AZL- July 2008
- JPMorgan
  - JPMorgan wins multinational asset pooling mandate for Royal Dutch Shell' s asset management company - July 2008
  - JPMorgan Private Equity Fund Services expands in Europe -August 2008
  - JPMorgan launches third party clearing for Warsaw Stock Exchange members - August 2008
  - Leading Risk Analytics Provider, Measurisk, Joins JPMorgan' s Alternative Investment Services - September 2008
- KBC
  - KBC finalizes acquisition of Istrobanka in Slovakia - July 2008
  - KBC and Union Bank of India to form asset management company in India - July 2008
- Mitsubishi UFJ Financial Group
- Morgan Stanley
  - Morgan Stanley announced the first DMA trades in India - July 2008
  - Morgan Stanley to pursue global strategic alliance with Mitsubishi UFJ Financial - September 2008
- Nordea
  - Nordea acquired part of Roskilde Bank - August 2008
- Old Mutual
  - Old Mutual offers Skandia products and skills in South Africa - September 2008
- Prudential Asset Management
  - Prudential Financial and GAP Asset Management enter into strategic partnership for Brazil - July 2008
- RBC
  - RBC completes acquisition of Richardson Barr & Co - August 2008
- Sal. Oppenheim
  - Sal. Oppenheim restructures retail estate investment business in Switzerland - July 2008
  - Sal. Oppenheim expands offering in alternative asset management - September 2008
- Santander
  - Banco Santander to purchase UK' s Alliance & Leicester - July 2008
- Schroders
  - Schroders to acquire E.Sun Investment Trust - July 2008
- Schroders acquires securities investment trust enterprise (SITE) license in Taiwan - July 2008
- SEB
  - Germany: SEB launches organizational change in its German operations - September 2008
  - SEB acquires GMAC Commercial Finance in Poland - July 2008
- Société Générale
  - Société Générale Securities Services opens a new office in Hong Kong - September 2008
  - Société Générale Securities Services receives FIPB approval on Indian joint venture with State Bank of India - September 2008
- State Street
  - State Street selected by Sun Life financial (UK) to service $15 billion in assets - August 2008
  - State Street expands relationship with London borough of Enfield - August 2008
  - State Street opens new office in Doha, Qatar - August 2008
- Swiss Life
  - Swiss Life and Bank Zweiplus enter into co-operation agreement in Switzerland - July 2008
- UBS
  - UBS expands Middle Eastern operations - July 2008
- Unicredit
  - UniCredit Group and NewSmith Capital Partners announce strategic agreement in Italy - July 2008
Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
List of Tables
- Table 1: The 49 companies covered by Datamonitor' s Asset Management Competitor Tracker
List of Figures
- Figure 1: 2008 has witnessed an increase in competitor developments
- Figure 2: September 2008 saw a spike in M&A, partnership and organic growth activity
- Figure 3: The increase in M&A, partnership and organic growth activity was skewed toward partnerships
- Figure 4: Europe has dominated M&A and partnership activity during Q3 2008, while there has been a lot of organic growth in Asia and the Middle East
- Figure 5: There are key regions responsible for fluctuations in competitor activity
- Figure 6: Product innovations far outweigh customer targeting
- Figure 7: Ethical investments and ETFs have been key product innovations over Q3 2008

Asset Management Competitor Tracker, Q3 2008

Table of Contents