Table of Contents
- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- 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 December
- There were some notable developments within the wealth management
industry during December
- Lloyds TBS receives government approval for the acquisition of HBOS
- Merrill Lynch shareholders approve takeover by Bank of America
- Wachovia shareholders approve Wells Fargo merger
- PNC completes acquisition of National City
- St.George Bank merges with Westpac Banking Corporation
- Fortis Bank Nederland transfers shares in ABN AMRO holding company to
Dutch state
- Bank of America plans to reduce workforce
- In December, activity in the wealth management market continued to
increase
- There were a total of 30 competitor developments in December
- M&A activity accounted for the majority of developments in December
- Europe was the busiest region for wealth management activity in
December
- Product innovation and customer targeting
- Sarasin
- Bank Sarasin creates new trading and family offices division
- M&A, Partnerships and Organic Growth
- ANZ
- ANZ continues its expansion in Indonesia
- Citigroup
- Citibank opens branch in Ufa, Russia
- Citi enters into an agreement to sell NikkoCiti Trust and Banking
Corporation
- Citibank expands local operations in Hungary and Slovakia
- Commerzbank
- Supervisory board of Commerzbank agrees to speed up takeover of
Dresdner Bank
- Deutsche Bank
- Deutsche Bank' s alternative investment business completes acquisition
of Rosen Real Estate Securities
- Fortis
- Fortis Bank Nederland transfers shares in ABN AMRO holding company to
Dutch state
- Intesa Sanpaolo
- Intesa Sanpaolo sells its stake in Centrale Dei Bilanci
- Julius Baer
- Julius Baer opens branch in St. Moritz, Switzerland
- Lloyds TSB
- Lloyds TBS receives government approval for the acquisition of HBOS
- Merrill Lynch
- Merrill Lynch shareholders approve takeover by Bank of America
- Monte Paschi di Sienna (MPS)
- Banca Antonveneta commences operations in Italy
- Morgan Stanley
- Morgan Stanley and Citi enter into a joint venture
- Nordea Bank
- Nordea to acquire the remaining JSB Orgresbank shares
- Northern Trust
- Northern Trust announces new expansion plans for Australia
- OCBC
- OCBC Al-Amin starts operations with a new branch in Petaling Jaya,
Malaysia
- PNC
- PNC completes acquisition of National City
- RBC
- RBC to acquire Mourant Private Wealth
- UBS
- UBS announces sale of its Bank of China stake
- UniCredit Group
- UniCredit Group sells B&C profit participation rights to B&C
Holding
- Wachovia
- Wachovia shareholders approve Wells Fargo merger
- Westpac Banking Group (WBC)
- St.George Bank merges with Westpac Banking Corporation
- Staffing
- Bank of America
- Bank of America announces key leadership positions
- Bank of America plans to reduce workforce
- KBC
- Appointment to the executive committee of CBC Banque
- National Australia Bank
- Integration of CEO roles across the group and the Australian region
- Société Générale
- Appointment of Xavier Denis as economist and strategist at SG private
banking
- Société Générale private banking strengthens its teams
- Westpac Banking Group (WBC)
- Westpac New Zealand appoint new chief executive
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: The 57 companies covered by Datamonitor' s Wealth Management
Competitor Tracker
- List of Figures
- Figure 1: Activity in the wealth market continued to climb in December
- Figure 2: M&A related activity dominated the wealth market in
December
- Figure 3: The majority of wealth developments occurred in Europe during
December
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