Wealth Management Competitor Tracker, July 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 JULY

• There were a few notable developments within the wealth management industry during July
  • National Australia Bank buys majority stake in Goldman Sachs wealth management unit
  • Standard Chartered Private Bank launches new expat service for Australians
• In July, activity in the wealth management market remained slow
  • There were a total of 17 competitor developments in July
  • Staffing changes have accounted for the largest share of wealth developments since January 2009
  • European countries saw the largest share of wealth management activity in July

PRODUCT INNOVATION AND CUSTOMER TARGETING

• Mayfair Wealth Management
  • Mayfair Wealth Management launches investment service for female investors in the Middle East
• Sarasin
  • Sarasin launches sustainable property shares fund
• Standard Chartered
  • Standard Chartered Private Bank launches new expat service for Australians

M&A, PARTNERSHIPS AND ORGANIC GROWTH

• Citibank
  • Citibank China receives approval to open Chongqing branch
• HSBC
  • HSBC opens new branch in China
• Julius Baer
  • Julius Baer announces the opening of its Munich branch
• Mellon Financial Corporation
  • Bank of New York Mellon announces that it will sell Mellon United National Bank to Banco Sabadell
• NAB
  • National Australia Bank buys majority stake in Goldman Sachs wealth management unit
• UBS
  • UBS Saudi Arabia receives commencement letter in Saudi Arabia

STAFFING

• Barclays
  • Barclays Wealth names Mitch Cox as head of global investment and product office
• Bessemer Trust
  • Bessemer Trust appoints W David Bunce as head of southeast US
  • Bessemer Trust appoints Jeff J Glowacki as senior resident officer
• Credit Suisse
  • Credit Suisse appoints Stefan Keitel as the chief investment officer
• Investec
  • Investec appoints Eric Ebermeyer as chief investment officer and head of portfolio management
• Morgan Stanley
  • Morgan Stanley appoints Sandeep Jain as private wealth advisor in Mumbai
• Societe Generale
  • Societe Generale (SG) appoints Patrick Follea as head of Societe Generale private banking
• Standard Chartered
  • Standard Chartered announces expansion plans for priority banking in Singapore

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 remained relatively low in July
• Figure: Staffing accounted for almost half the total wealth developments for the month
• Figure: Wealth management activity was strongest in Europe in July