Wealth Management Competitor Tracker, June 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 JUNE

• There were a few notable developments within the wealth management industry during June
  • Citi and Morgan Stanley launch Morgan Stanley Smith Barney joint venture
  • Sarasin Group launches its operation in India as Sarasin-Alpen (India)
• In June, activity in the wealth management market declined
  • There were a total of 18 competitor developments in June
  • Staffing changes have accounted for the largest share of wealth developments since January 2009
  • Wealth management activity was evenly split between the major financial regions in June

PRODUCT INNOVATION AND CUSTOMER TARGETING

• Credit Suisse
  • Credit Suisse increases its offerings to clients in Qatar

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• ABN AMRO
  • ABN AMRO and RBS announce partner bank agreement for international transaction banking
• Citi
  • Citi and Morgan Stanley launch Morgan Stanley Smith Barney joint venture
• Julius Baer
  • Julius Baer announces the opening of Brig branch in Switzerland
• Sarasin
  • Sarasin Group launches its operation in India as Sarasin-Alpen (India)
  • Sarasin launches a new office in Berne

STAFFING

• Barclays
  • Barclays Wealth announces additional appointments to the Isle of Man board
  • Barclays Wealth appoints new global chief risk officer
• Bessemer Trust
  • Bessemer Trust appoints David McNeel as the central US region head
  • Bessemer Trust appoints Mark Lipson as head of the western US region
• Credit Suisse
  • Tee Fong Seng appointed vice chairman of Private Banking Asia Pacific at Credit Suisse
  • Credit Suisse expands wealth management team in India
• Deutsche Bank
  • Deutsche Bank Private Wealth Management hires four members
• HSBC
  • HSBC Private Bank appoints new global head of private wealth solutions
• Morgan Stanley
  • Morgan Stanley Private Wealth Management hires team to expand coverage of Latin American markets
  • Wayne Chrebet joins Morgan Stanley' s as a financial advisor
• Societe Generale
  • Olivier Lecler appointed COO of Global Investment Management and Services
• UBS
  • UBS appoints Chi-Won Yoon as chairman and CEO of Asia Pacific

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 was below the average in June
• Figure: Staffing continued to account for the majority of developments for the month
• Figure: Wealth management activity was evenly distributed between the major global regions