Wealth Management Competitor Tracker, March 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 MARCH

• There were some notable developments within the wealth management industry during March
  • New terms governing the acquisition of Fortis' s activities
  • BMPS approves the merger-by-incorporation of Banca Toscana
  • UBS Agrees to Sell 55 Branches to Stifel, Nicolaus & Company

• In March, activity in the wealth management market remained scarce
  • There were a total of 17 competitor developments in March
  • Staffing and M&A activity continued to account for the majority of developments in the month
  • In March, wealth managers were fairly active in Europe followed by North America

PRODUCT INNOVATION AND CUSTOMER TARGETING

• Citigroup
  • Citi offers OpenWealth for servicing the wealth management industry

• OCBC Bank
  • OCBC Al-Amin offers Shariah-compliant unit trust products to Islamic investors

• RBC
  • Ferris, Baker Watts to operate as RBC Wealth Management

• UBS
  • UBS Launches Real-Time Transaction Cost Analysis in Europe

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• BNP Paribas
  • New terms governing the acquisition of Fortis' s activities

• BMPS
  • BMPS approves the merger-by-incorporation of Banca Toscana

• Northern Trust
  • Western National Trust Company selects the TrustPortal solution for wealth management

• Sarasin
  • Sarasin opens new representation in Warsaw

• UBS
  • UBS Agrees to Sell 55 Branches to Stifel, Nicolaus & Company

STAFFING

• Bank of America
  • Larry Schwartz joins Merrill Lynch Chicago as first vice president of investments

• Barclays
  • Barclays Wealth appoints Greg Ellison as managing director

• Citigroup
  • Citi announces senior management changes

• Credit Suisse
  • Rolf Bogli becomes new head of Private Banking, Switzerland

• Deutsche Bank
  • Four new members appointed to Deutsche Bank' s management board
  • Deutsche Securities appoints Naoki Kamiyama as chief equity strategist to its Global Markets Research team
  • Deutsche Bank appoints a new chief country officer

• UBS
  • UBS moves to a lean management structure in Switzerland

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: The wealth management industry continued to produce relatively little corporate activity in March
• Figure: Staffing changes were the most dominate category for wealth activity in March
• Figure: Europe witnessed the majority of wealth management developments for the month