Wealth Management Competitor Tracker, February 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 FEBRUARY

• There were some notable developments within the wealth management industry during February
  • RBC' s takeover of Mourant Private Wealth closed
  • Hang Seng completes Yantai City Commercial Bank deal in mainland China
  • Barclays completes acquisition of Akita
  • Deutsche Bank and Deutsche Post close Postbank transaction
• In February, activity in the wealth management market declined
  • There were a total of 17 competitor developments in February
  • Staffing continued to account for the majority of developments in the month
  • Wealth management activity was fairly evenly spread over the major regions around the world

PRODUCT INNOVATION AND CUSTOMER TARGETING

• Citigroup
  • Citibank launches income generating products at investors

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• Barclays
  • Barclays completes acquisition of Akita
• Citigroup
  • Citibank opens new banking centre in Godollo, Hungary
• Deutsche Bank
  • Deutsche Bank and Deutsche Post close Postbank transaction
• HSBC
  • Hang Seng completes Yantai City Commercial Bank deal in mainland China
• RBC
  • RBC' s takeover of Mourant Private Wealth closed
• Standard Chartered
  • Standard Chartered completes acquisition of Cazenove Asia Limited
• Societe Generale
  • SG Private Banking creates a global centre for real estate offering

STAFFING

• ABN AMRO
• Appointment of ABN AMRO and Fortis Bank Nederland transition team
• ANZ
• ANZ appoints Asia Pacific strategy head
• Lee Hsien Yang joins ANZ board
• Barclays
• Sharad Nair joins Barclays Wealth as director
• Barclays Wealth hires Robert Lynch as head of credit structuring
• BBVA
• Eduardo Aguirre is appointed to the board of directors of BBVA Compass
• Bessemer Trust
• Holly Isdale is appointed managing director and deputy head of Family Wealth Advisory Services
• Northern Trust
• Northern Trust appoints two senior hires to its Personal Financial Services team
• UBS
• UBS appoints Oswald J. Grubel as Group Chief Executive Officer

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 continued to decline in February
• Figure: Staffing and M&A developments represented most of the wealth activity in February
• Figure: Developments in Europe, Asia Pacific and North America were evenly split for the month