Wealth Management Competitor Tracker, April 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 APRIL

• There were a few notable developments within the wealth management industry during April
  • UBS sells its Brazilian operation UBS Pactual, the third asset sale since December 2008
  • Several wealth managers strengthened their teams over the month

• In April, activity in the wealth management market picked up
  • There were a total of 24 competitor developments in April
  • Staffing continued to account for the majority of developments in the month
  • Wealth managers were most active in European markets

PRODUCT INNOVATION AND CUSTOMER TARGETING

• BNP Paribas
  • Cardif Asset Management to become CamGestion

• Deutsche Bank
  • Deutsche Bank to serve its private clients in Switzerland under its own brand

• Mellon Financial Corp
• Pershing launches RIA Complete

• OCBC Bank
  • OCBC Al-Amin offers Sharia-compliant cash management solutions

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• BNP Paribas
  • BNP Paribas ties up with Geojit

• Citigroup
  • Citibank opens a new branch in Moscow

• Credit Suisse
  • Credit Suisse opens a new branch in Taipei, Taiwan

• UBS
• UBS sells its Brazilian operation, UBS Pactual

STAFFING

• ANZ
  • Management restructuring at ANZ

• Barclays
  • Barclays Wealth appoints head of philanthropy
  • Barclays Wealth strengthens Wealth Advisory arm with two senior appointments

• Citigroup
  • Citi appoints Mike Corbat as CEO of Citi Holdings
  • Citi appoints Eric Aboaf as treasurer
  • Citi appoints Deborah Doyle McWhinney as head of Citi Personal Wealth Management

• Crédit Agricole
  • Alessandra Gaudio appointed as CEO and chief investment officer at Gestion Privee Indosuez
  • Banque de Gestion Privee Indosuez appoints Bruno Darcet to head of client services

• Credit Suisse
  • Credit Suisse appoints Lim Eng Guan as managing director and market leader

• Deutsche Bank
  • Deutsche Bank appoints Mounir Husseini as chief country officer for the UAE and general manager of its branch at the Dubai International Financial Centre

HSBC

• HSBC appoints Destine Bailey to manage its new branch

• Julius Baer
  • Boris Collardi appointed as the new CEO of Bank Julius Baer

• Morgan Stanley
  • Irl Solomon joins Morgan Stanley Private Wealth Management

• Northern Trust
  • Northern Trust appoints new head of investment risk and analytical services for Asia Pacific region
  • Northern Trust appoints Revel Wood as head of client service and business development

UBS

• UBS appoints Ulrich Korner group COO and CEO of Corporate Center

• Wells Fargo
  • Wells Fargo Wealth Management Group appoints six regional managing directors

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 industry increased in April
• Figure: Staffing changes continued to be the most dominate category for wealth activity in April
• Figure: European markets saw the majority of wealth management developments for the month