M&A, Partnerships and Organic Growth in Wealth Management, Q4 2007

Table of Contents

THE ROUNDUP

• M&A
• Partnership
• Organic growth

THE DEVELOPMENTS

• ABN AMRO
  • Barclays withdraws offer for ABN AMRO (M&A) - Oct 2007
  • ABN AMRO completes sale of LaSalle to Bank of America (Divestment) - Oct 2007
  • ABN AMRO announces end of co-operation with Rothschild (Partnership) - Dec 2007
  • ABN AMRO finalizes sale of ABN AMRO Mellon joint venture (Divestment) - Dec 2007
• Banca del Gottardo
  • BSI to acquire Banco del Gottardo (M&A) - Nov 2007
• Bank of Tokyo Mitsubishi UFJ
  • BTMU and kabu.com Securities strengthen their partnership (Partnerships) - Nov 2007
• Barclays
  • Barclays withdraws offer for ABN AMRO - Oct 2007
  • Barclays Wealth opens new office in Glasgow, Scotland (Organic Growth) - Nov 07
• Citigroup
  • Citi completes acquisition of ATD (M&A) - Oct 07
  • Citi signs share agreement with Nikko Cordial (M&A) - Oct 07
  • Citigroup to sell $7.5 billion of equity units (Divestment) - Nov 07
• Commerzbank
  • Commerzbank opens office in Eastern Europe (Organic Growth) - Oct 07
• Crédit Agricole
  • Crédit Agricole acquires National Bank' s subsidiary (M&A) - Nov 07
  • Crédit Agricole purchases stake in Spanish bank (M&A) - Nov 07
• Credit Suisse
  • Credit Suisse acquires majority interest in Brazilian wealth manager (M&A) - Nov 07
  • Credit Suisse launches private banking business in Austria (Organic Growth) - Nov 07
• Deutsche Bank
  • Deutsche Bank opens Qatar branch (Organic Growth) - Nov 07
• Fortis
  • Fortis receives approval for ABN AMRO acquisition (Divestment) - Oct 07
  • Fortis agrees to sell its stake in ICBC (Divestment) - Dec 07
• Hang Seng
  • Hang Seng China opens Hangzhou Branch - (Organic Growth) Nov 07
• HSBC
  • HSBC sells US advisory business in management buy-out - (Divestment) Dec 07
• Julius Baer
  • Julius Baer opens representative office in Abu Dhabi - (Organic Growth) Nov 07
  • Julius Baer obtains authorization to open advisory office in Milan - (Organic Growth) Nov 07
  • Julius Baer acquires Capital Invest - (M&A) Oct 2007
• Merrill Lynch
  • Merrill Lynch acquires stake in Trust Banking - (M&A) Nov 07
• Mizuho Holdings Inc.
  • Mizuho establishes Canada branch and Vancouver office - (Organic Growth) Nov 07
• Monte Paschi di Sienna (MPS)
  • Monte dei Paschi di Siena to buy stake of Biverbanca - (M&A) Dec 07
  • MPS Group, new agreements with the founding shareholders of Intermonte Sim - (M&A) Nov 07
• OCBC
  • OCBC Malaysia receives approval to set up Islamic banking subsidiary (Organic Growth) - Nov 2007
• Pictet & Cie
  • Pictet opens office in Barcelona (Organic Growth) - Nov 2007
• PNC
  • PNC to acquire Albridge Solutions Inc. (M&A) - Nov 2007
  • PNC sells Hilliard Lyons to Houchens Industries (Divestment) - Nov 2007
• RBC Financial Group
  • RBC to acquire RBTT (M&A) - October 2007
• Sal. Oppenheim
  • Sal. Oppenheim cooperates with Dr. Landert Group (Partnership) - Oct 2007
  • Sal. Oppenheim acquires stake in Mediobanca (M&A) - Dec 2007
• Santander
  • Banco Santander sells Banca Antonveneta (Divestment) - Nov 07
• Sarasin
  • Bank Sarasin acquires the investment account service of DWS Investments Switzerland (M&A) - Oct 07
  • Bank Sarasin to open a new subsidiary in Bahrain (Partnership, Organic Growth) - Oct 07
• SEB
  • SEB expands in Ukraine (M&A) - Nov 07
  • SEB acquires Key Asset Management (M&A) - Nov 07
• Société Générale
  • SG Private Banking to acquire Canadian Wealth Management (M&A) - Nov 07
• UBS
  • UBS to acquire Caisse Centrale de Réescompte Group (M&A) - Oct 07
• Unicredit
  • UniCredit listed on the Warsaw Stock Exchange (Organic Growth) - Dec 07
• United Overseas Bank (UOB)
  • Establishment of a wholly-owned subsidiary bank in China (Organic Growth) - Dec 07
• Wachovia
  • Wachovia completes A.G. Edwards merger (M&A) - Oct 07
  • Opening of Wachovia Bank International Office (Organic Growth) - Oct 07
• Westpac
  • Launch of BT Investment Management Limited IPO (Organic Growth) - Oct 07

APPENDIX

• Methodology
• Further reading
• Ask the analyst
• Datamonitor consulting
• Disclaimer