Wealth Management Competitor Tracker, January 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 JANUARY

• There were some notable developments within the wealth management industry during January
• Bank of America completes Merrill Lynch purchase
• Commerzbank completes takeover of Dresdner Bank
• Wells Fargo completed merger with Wachovia
• Citibank to form joint venture with Morgan Stanley
• In January, activity in the wealth management market decreased
• There were a total of 22 competitor developments in January
• Staffing accounted for the majority of developments in January
• Europe remained the busiest region for wealth management activity

PRODUCT INNOVATION AND CUSTOMER TARGETING

• Citibank
• Citigold Wealth Management introduces a promotional program
• Deutsche Bank
• Deutsche Bank launches Sharia-compliant issuance platform to Islamic investors
• Santander
• Santander offers an investment solution to its private banking clients

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• Bank of America
• Bank of America completes Merrill Lynch purchase
• Citigroup
• Citibank to form joint venture with Morgan Stanley
• Citibank to segregate its business
• Commerzbank
• Commerzbank completes takeover of Dresdner Bank
• Deutsche Bank
• Deutsche Bank and Shanxi Securities China joint venture approved
• Deutsche Bank and Deutsche Post improve structure of Postbank acquisition
• RBC Financial Group
• RBC opens financial advisory office in Brazil
• Wells Fargo
• Wells Fargo completed merger with Wachovia

STAFFING

• ANZ
• ANZ appoints new CEO for China division
• Bessemer Trust
• Bessemer Trust appoints new business development officer
• BNP Paribas
• New hiring at senior level at BNP Paribas
• Commerzbank
• Martin Blessing to be the new chairman of Dresdner bank
• Deutsche Bank
• Deutsche bank announces appointments at senior level
• ING
• Jan Hommen to replace Michel Tilmant as CEO of ING Group
• Northern Trust
• Northern Trust appoints new CEO and president of Minnesota
• RBC Financial Group
• New team hired to cater to non-resident Indians in Europe and Asia
• Sal. Oppenheim
• Sal. Oppenheim Austria expands its board of members
• Societe Generale
• SG Private Banking appoints new managing director for Switzerland
• UBS
• Toshiharu Kojima appointed to lead UBS in Japan

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 market declined in January
• Figure: Staffing activity dominated the wealth market in January
• Figure: The majority of developments occurred in Europe during January