Asset Management Competitor Tracker, February

Table of Contents

• Overview
  • Catalyst
  • Summary
• Table of Contents
• The Roundup
  • Mergers and acquisitions, partnerships and organic growth
    • M&A
    • Partnerships
    • Organic Growth
  • Product innovation and customer targeting
    • Product innovation
    • Hedge funds
    • Property investment
    • Ethical investments
    • Exchange traded funds
    • Customer targeting
    • Offshore
• M&A, Partnerships and organic growth: The developments
  • BNP Paribas
    • Turkey: BNP Paribas collaborates with TEB on securities services (Partnership) - February 2008
  • Crédit Agricole
    • Saudi Arabia: Crédit Agricole engages in joint venture with Banque Saudi Fransi (Partnership) - February 2008
    • Australia:Crédit Agricole creates subsidiary to focus on institutional and multi-manager clients (Organic growth) - February 2008
  • Crédit Suisse
    • Australia: Crédit Suisse Asset Management Australia forms alliance with Julius Baer Investment Management to expand equity range (Partnership) - February 2008
  • Deutsche Bank
    • US: Deutsche Bank acquires hedge fund administrator HedgeWorks (M&A) - February 2008
  • Franklin Templeton
    • Vietnam: Franklin Templeton acquires stake in private equity investment company, Vietcombank Fund Management (M&A) - February 2008
  • HBOS
    • UK: Bank of Scotland and Oxford Investment launch co-investment program (Partnership) - February 2008
  • HSBC
    • France: HSBC receives offer for sale of French subsidiaries from Banque Fédérale des Banques Populaires (Divestment) - February 2008
  • Mellon Financial Corp.
    • US: Dreyfus Corporation and WisdomTree Investments partner over ETF products (Partnership) - February 2008
  • Morgan Stanley
    • Vietnam: Morgan Stanley receives approval for joint venture with Gateway Securities (Partnership) - February 2008
  • Santander
    • Brazil: Santander purchases ABN AMRO' s asset management activities in Brazil (M&A) - February 2008
  • Société Générale
    • France: Société Générale to acquire former Capitalia Securities services business from UniCredit (M&A) - February 2008
  • Swiss Life
    • Germany: Swiss Life holds 74.4% share in AWD (M&A) - February 2008
  • UBS
    • France: UBS completes acquisition of Caisse Centrale de Réescompte Group (M&A) - February 2008
  • Unicredit
    • Monaco: UniCredit sells Monaco branch to Compagnie Monégasque de Banque (Divestment) - February 2008
• PRODUCT INNOVATION AND CUSTOMER TARGETING: THE DEVELOPMENTS
  • Amvescap
    • US: AIM Investments offers customized reports for defined contribution plans - (Product innovation) - February 2008
    • US: PowerShares India Portfolio ETF allows foreign investment in Indian equities (Product innovation) - February 2008
  • Aviva
    • UK: Morley launches logistics property fund with SachsenFonds (Product innovation) - February 2008
  • Bank of New York Mellon
    • US: BNY Mellon launches acquisition service (Customer targeting) - February 2008
  • Barclays
    • UK: Barclays launches investment ISA (Product innovation) - February 2008
  • Citigroup
    • Hong Kong: Citibank enhances online securities trading platform (Product innovation) - February 2008
    • Greece: Citigroup offers Merrill Lynch Uranium Equity Index Notes as a ' green' product (Product innovation) - February 2008
  • Deutsche Bank
    • UK/Global: Deutsche Bank introduces Commodity Harvest Index (Product innovation) - February 2008
    • US: Deutsche Bank launches ETNs linked to its Liquid Commodity Index (Product innovation) - February 2008
  • Franklin Templeton
    • US: Franklin Templeton launches India growth fund (Product innovation) - February 2008
  • Goldman Sachs
    • US/Global: Goldman Sachs introduces local emerging markets debt fund (Product innovation) - February 2008
    • US: Goldman Sachs launches tax-efficient equity fund (Product innovation) - February 2008
  • Henderson Global Investors
    • Global: Henderson launches Pan European active fund to take advantage of undervalued companies (Product innovation) - February 2008
  • Pictet & Cie
    • Hong Kong: Pictet & Cie targets retail investors with global theme funds (Customer targeting) - February 2008
• APPENDIX
  • Methodology
  • Index of strategies by company
    • ABN AMRO
      • Netherlands: ABN AMRO receives permission for separation and sale to Fortis of asset management business (Divestment) - January 2008
    • Amvescap
      • US: Invesco' s AIM Investments to reopen its European Fund to take advantage of market volatility (Product innovation) - January 2008
      • India: Invesco' s PowerShares to list first Indian equity-based ETF (Product innovation) - January 2008
      • US: AIM Investments offers customized reports for defined contribution plans - (Product innovation) - February 2008
      • US: PowerShares India Portfolio ETF allows foreign investment in Indian equities (Product innovation) - February 2008
    • Aviva
      • Australia: Aviva adds portfolio weighting for tax efficiency on its Navigator platform (Product innovation) - January 2008
      • UK: Morley launches logistics property fund with SachsenFonds (Product innovation) - February 2008
    • Bank of New York Mellon
      • Brazil: Bank of New York Mellon acquires Brazil' s ARX Capital Management (M&A) - January 2008
      • US: BNY Mellon launches acquisition service (Customer targeting) - February 2008
    • Barclays
      • UK: Barclays launches investment ISA (Product innovation) - February 2008
    • BNP Paribas
      • Canada: BNP subsidiary Innocap establishes family of synthetic trackers (Product innovation) - January 2008
      • Turkey: BNP Paribas collaborates with TEB on securities services (Partnership) - February 2008
    • Citigroup
      • China: Citibank and Legg Mason offer mutual funds in China (Partnership) - January 2008
      • Hong Kong: Citibank enhances online securities trading platform (Product innovation) - February 2008
      • Greece: Citigroup offers Merrill Lynch Uranium Equity Index Notes as a ' green' product (Product innovation) - February 2008
    • Credit Agricole
      • Saudi Arabia: Crédit Agricole engages in joint venture with Banque Saudi Fransi (Partnership) - February 2008
      • Australia: Crédit Agricole creates subsidiary to focus on institutional and multi-manager clients (Organic growth) - February 2008
    • Credit Suisse
      • Global/Switzerland: Credit Suisse, AIL and South Pole to launch carbon investment vehicle (Partnership) - January 2008
      • Australia: Crédit Suisse Asset Management Australia forms alliance with Julius Baer Investment Management to expand equity range (Partnership) - February 2008
    • Deutsche Bank
      • China: Deutsche Bank increases stake in Chinese funds management company Harvest (M&A) - January 2008
      • Germany/Global: Deutsche Bank creates global markets investment platform (Distribution) - January 2008
      • UK/US: Deutsche Bank targets investors with the launch of new ETFs (Customer Targeting) - January 2008
      • US: Deutsche Bank acquires hedge fund administrator HedgeWorks (M&A) - February 2008
      • UK/Global: Deutsche Bank introduces Commodity Harvest Index (Product innovation) - February 2008
      • US: Deutsche Bank launches ETNs linked to its Liquid Commodity Index (Product innovation) - February 2008
    • Dexia
      • Poland: Dexia Asset Management to open Warsaw branch (Organic Growth) - January 2008
    • Fortis
      • Netherlands: ABN AMRO' s asset management division approved for demerger and subsequent sale to Fortis (Divestment) - January 2008
      • Belgium/Luxemburg: Fortis launches ABN AMRO ' green' investment note (Product innovation) - January 2008
    • Franklin Templeton
      • US: Franklin Templeton introduces international bond fund to US investors (Product innovation) - January 2008
      • Vietnam: Franklin Templeton acquires stake in private equity investment company, Vietcombank Fund Management (M&A) - February 2008
      • US: Franklin Templeton launches India growth fund (Product innovation) - February 2008
    • Goldman Sachs
      • US/Global: Goldman Sachs introduces local emerging markets debt fund (Product innovation) - February 2008
      • US: Goldman Sachs launches tax-efficient equity fund (Product innovation) - February 2008
    • HBOS
      • UK: Bank of Scotland and Oxford Investment launch co-investment program (Partnership) - February 2008
      • Henderson Global Investors
      • US: Henderson launches its first institutional fund for US investors (Customer targeting) - January 2008
      • UK/Global: Henderson aims at lower-end retail investors by reducing its multi-manager fund investment thresholds (Customer targeting) - January 2008
      • China/Asia: Henderson launches Chinese long/short fund using contracts for difference (Product innovation) - Jan 08
      • Global: Henderson launches Pan European active fund to take advantage of undervalued companies (Product innovation) - February 2008
    • HSBC
      • France: HSBC receives offer for sale of French subsidiaries from Banque Fédérale des Banques Populaires (Divestment) - February 2008
    • Julius Baer
      • Switzerland/Global: Julius Baer launches Luxury Brands Fund (Product innovation) - January 2008
    • Morgan Stanley
      • US: Morgan Stanley acquires stake in venture capital firm NGEN Partners (M&A) - January 2008
      • Australia: Morgan Stanley launches new FX strategy (Product innovation) - January 2008
      • US/Global: Morgan Stanley launches global long/short fund of hedge funds (Product innovation) - January 2008
      • Vietnam: Morgan Stanley receives approval for joint venture with Gateway Securities (Partnership) - February 2008
    • Pictet & Cie
      • Hong Kong: Pictet & Cie targets retail investors with global theme funds (Customer targeting) - February 2008
    • Santander
      • Brazil: Santander purchases ABN AMRO' s asset management activities in Brazil (M&A) - February 2008
    • Schroders
      • Global/Luxemburg: Schroders launches alternative investment product for institutional clients (Product innovation) - January 2008
    • Société Générale
      • France: Société Générale to acquire former Capitalia Securities services business from UniCredit (M&A) - February 2008
    • State Street
      • US: State Street expands custody and fund administration relationship with Columbia Management (Partnership) - January 2008
    • Swiss Life
      • Germany: Swiss Life publishes voluntary public takeover bid for AWD Holding (M&A) - January 2008
      • Germany: Swiss Life holds 74.4% share in AWD (M&A) - February 2008
    • UBS
      • France: UBS completes acquisition of Caisse Centrale de Réescompte Group (M&A) - February 2008
    • Unicredit
      • Ukraine: Bank Austria finalises acquisition of Ukrainian bank Ukrsotsbank (M&A) - January 2008
      • Monaco: UniCredit sells Monaco branch to Compagnie Monégasque de Banque (Divestment) - February 2008
  • Index of strategies by geography
    • Western Europe
      • Global/Switzerland: Credit Suisse, AIL and South Pole to launch carbon investment vehicle (Partnership) - January 2008
      • Switzerland/Global: Julius Baer launches Luxury Brands Fund (Product innovation) - January 2008
      • Greece: Citigroup offers Merrill Lynch Uranium Equity Index Notes as a ' green' product (Product innovation) - February 2008
    • France
      • France: HSBC receives offer for sale of French subsidiaries from Banque Fédérale des Banques Populaires (Divestment) - February 2008
      • France: Société Générale to acquire former Capitalia Securities services business from UniCredit (M&A) - February 2008
      • France: UBS completes acquisition of Caisse Centrale de Réescompte Group (M&A) - February 2008
    • Germany
      • Germany/Global: Deutsche Bank creates global markets investment platform (Distribution) - January 2008
      • Germany: Swiss Life publishes voluntary public takeover bid for AWD Holding (M&A) - January 2008
      • Germany: Swiss Life holds 74.4% share in AWD (M&A) - February 2008
    • UK
      • UK/US: Deutsche Bank targets investors with the launch of new ETFs (Product innovation) - January 2008
      • UK/Global: Henderson aims at lower-end retail investors by reducing its multi-manager fund investment thresholds (Customer targeting) - January 2008
      • UK: Bank of Scotland and Oxford Investment launch co-investment program (Partnership) - February 2008
      • UK: Barclays launches investment ISA (Product innovation) - February 2008
      • UK/Global: Deutsche Bank introduces Commodity Harvest Index (Product innovation) - February 2008
    • Benelux
      • Netherlands: ABN AMRO receives permission for separation and sale to Fortis of asset management business (Divestment) - January 2008
      • Netherlands: ABN AMRO' s asset management division approved for demerger and subsequent sale to Fortis (Divestment) - January 2008
      • Belgium/Luxemburg: Fortis launches ABN AMRO ' green' investment note (Product innovation) - January 2008
      • Global/Luxemburg: Schroders launches alternative investment product for institutional clients (Product innovation) - January 2008
    • Central and Eastern Europe
      • Ukraine: Bank Austria finalises acquisition of Ukrainian bank Ukrsotsbank (M&A) - January 2008
      • Turkey: BNP Paribas collaborates with TEB on securities services (Partnership) - February 2008
    • Poland
      • Poland: Dexia Asset Management to open Warsaw branch (Organic Growth) - January 2008
    • North America
      • Canada: BNP subsidiary Innocap establishes family of synthetic trackers (Product innovation) - January 2008
    • US
      • US: Morgan Stanley acquires stake in venture capital firm NGEN Partners (M&A) - January 2008
      • US: State Street expands custody and fund administration relationship with Columbia Management (Partnership) - January 2008
      • US: Invesco' s AIM Investments to reopen its European Fund to take advantage of market volatility (Product innovation) - January 2008
      • US: Franklin Templeton introduces international bond fund to US investors (Product innovation) - January 2008
      • US: Henderson launches its first institutional fund for US investors (Customer targeting) - January 2008
      • US/Global: Morgan Stanley launches global long/short fund of hedge funds (Product innovation) - January 2008
      • US: Deutsche Bank acquires hedge fund administrator HedgeWorks (M&A) - February 2008
      • US: Dreyfus Corporation and WisdomTree Investments partner over ETF products (Partnership) - February 2008
      • US: AIM Investments offers customized reports for defined contribution plans - (Product innovation) - February 2008
      • US: PowerShares India Portfolio ETF allows foreign investment in Indian equities (Product innovation) - February 2008
      • UK: Morley launches logistics property fund with SachsenFonds (Product innovation) - February 2008
      • US: Deutsche Bank launches ETNs linked to its Liquid Commodity Index (Product innovation) - February 2008
      • US: Franklin Templeton launches India growth fund (Product innovation) - February 2008
      • US/Global: Goldman Sachs introduces local emerging markets debt fund (Product innovation) - February 2008
      • US: Goldman Sachs launches tax-efficient equity fund (Product innovation) - February 2008
      • US: BNY Mellon launches acquisition service (Customer targeting) - February 2008
    • Brazil
      • Brazil: Bank of New York Mellon acquires Brazil' s ARX Capital Management (M&A) - January 2008
      • Brazil: Santander purchases ABN AMRO' s asset management activities in Brazil (M&A) - February 2008
    • Middle East
      • Saudi Arabia: Crédit Agricole engages in joint venture with Banque Saudi Fransi (Partnership) - February 2008
    • Asia
      • Japan: RBS launches two structured bonds (Product innovation) - January 2008
      • Vietnam: Franklin Templeton acquires stake in private equity investment company, Vietcombank Fund Management (M&A) - February 2008
      • Vietnam: Morgan Stanley receives approval for joint venture with Gateway Securities (Partnership) - February 2008
      • Hong Kong: Citibank enhances online securities trading platform (Product innovation) - February 2008
      • Hong Kong: Pictet & Cie targets retail investors with global theme funds (Customer targeting) - February 2008
    • Australia
      • Australia: Aviva adds portfolio weighting for tax efficiency on its Navigator platform (Product innovation) - January 2008
      • Australia: Morgan Stanley launches new FX strategy (Product innovation) - January 2008
      • Australia: Crédit Agricole creates subsidiary to focus on institutional and multi-manager clients (Organic growth) - February 2008
      • Australia: Crédit Suisse Asset Management Australia forms alliance with Julius Baer Investment Management to expand equity range (Partnership) - February 2008
    • India
      • India: Invesco' s PowerShares to list first Indian equity-based ETF (Product innovation) - January 2008
    • China
      • China: Citibank and Legg Mason offer mutual funds in China (Partnership) - January 2008
      • China: Deutsche Bank increases stake in Chinese funds management company Harvest (M&A) - January 2008
      • China/Asia: Henderson launches Chinese long/short fund using contracts for difference (Product innovation) - Jan 08
  • Index of strategies by trend
    • M&A
      • Germany: Swiss Life publishes voluntary public takeover bid for AWD Holding (M&A) - January 2008
      • Netherlands: ABN AMRO receives permission for separation and sale to Fortis of asset management business (Divestment) - January 2008
      • Netherlands: ABN AMRO' s asset management division approved for demerger and subsequent sale to Fortis (Divestment) - January 2008
      • Ukraine: Bank Austria finalises acquisition of Ukrainian bank Ukrsotsbank (M&A) - January 2008
      • China: Deutsche Bank increases stake in Chinese funds management company Harvest (M&A) - January 2008
      • France: HSBC receives offer for sale of French subsidiaries from Banque Fédérale des Banques Populaires (Divestment) - February 2008
      • Brazil: Santander purchases ABN AMRO' s asset management activities in Brazil (M&A) - February 2008
      • France: Société Générale to acquire former Capitalia Securities services business from UniCredit (M&A) - February 2008
      • Germany: Swiss Life holds 74.4% share in AWD (M&A) - February 2008
      • France: UBS completes acquisition of Caisse Centrale de Réescompte Group (M&A) - February 2008
    • Partnerships
      • Global/Switzerland: Credit Suisse, AIL and South Pole to launch carbon investment vehicle (Partnership) - January 2008
      • Germany/Global: Deutsche Bank creates global markets investment platform (Distribution) - January 2008
      • China: Citibank and Legg Mason offer mutual funds in China (Partnership) - January 2008
      • Turkey: BNP Paribas collaborates with TEB on securities services (Partnership) - February 2008
      • Saudi Arabia: Crédit Agricole engages in joint venture with Banque Saudi Fransi (Partnership) - February 2008
      • Australia: Crédit Suisse Asset Management Australia forms alliance with Julius Baer Investment Management to expand equity range (Partnership) - February 2008
      • UK: Bank of Scotland and Oxford Investment launch co-investment program (Partnership) - February 2008
      • US: Dreyfus Corporation and WisdomTree Investments partner over ETF products (Partnership) - February 2008
      • Vietnam: Morgan Stanley receives approval for joint venture with Gateway Securities (Partnership) - February 2008
    • Organic Growth
      • Poland: Dexia Asset Management to open Warsaw branch (Organic Growth) - January 2008
      • Australia: Crédit Agricole creates subsidiary to focus on institutional and multi-manager clients (Organic growth) - February 2008
      • Australia: Crédit Suisse Asset Management Australia forms alliance with Julius Baer Investment Management to expand equity range (Partnership) - February 2008
    • Product innovation
      • Switzerland/Global: Julius Baer launches Luxury Brands Fund (Product innovation) - January 2008
      • Canada: BNP subsidiary Innocap establishes family of synthetic trackers (Product innovation) - January 2008
      • Australia: Aviva adds portfolio weighting for tax efficiency on its Navigator platform (Product innovation) - January 2008
      • Australia: Morgan Stanley launches new FX strategy (Product innovation) - January 2008
      • US: AIM Investments offers customized reports for defined contribution plans - (Product innovation) - February 2008
      • UK: Barclays launches investment ISA (Product innovation) - February 2008
      • Hong Kong: Citibank enhances online securities trading platform (Product innovation) - February 2008
      • UK/Global: Deutsche Bank introduces Commodity Harvest Index (Product innovation) - February 2008
      • US: Franklin Templeton launches India growth fund (Product innovation) - February 2008
      • US/Global: Goldman Sachs introduces local emerging markets debt fund (Product innovation) - February 2008
      • US: Goldman Sachs launches tax-efficient equity fund (Product innovation) - February 2008
      • Global: Henderson launches Pan European active fund to take advantage of undervalued companies (Product innovation) - February 2008
    • Hedge funds
      • China/Asia: Henderson launches Chinese long/short fund using contracts for difference (Product innovation) - Jan 08
      • US: Deutsche Bank acquires hedge fund administrator HedgeWorks (M&A) - February 2008
    • Private equity
      • Vietnam: Franklin Templeton acquires stake in private equity investment company, Vietcombank Fund Management (M&A) - February 2008
      • Capital protected/Structured products
      • Japan: RBS launches two structured bonds (Product innovation) - January 2008
    • Property investment
      • UK: Morley launches logistics property fund with SachsenFonds (Product innovation) - February 2008
    • Infrastructure funds
      • Global/Luxemburg: Schroders launches alternative investment product for institutional clients (Product innovation) - January 2008
    • Ethical investments
      • Belgium/Luxemburg: Fortis launches ABN AMRO ' green' investment note (Product innovation) - January 2008
      • Greece: Citigroup offers Merrill Lynch Uranium Equity Index Notes as a ' green' product (Product innovation) - February 2008
    • Exchange traded funds
      • UK/US: Deutsche Bank targets investors with the launch of new ETFs (Product innovation) - January 2008
      • India: Invesco' s PowerShares to list first Indian equity-based ETF (Product innovation) - January 2008
      • US: Dreyfus Corporation and WisdomTree Investments partner over ETF products (Partnership) - February 2008
      • US: PowerShares India Portfolio ETF allows foreign investment in Indian equities (Product innovation) - February 2008
      • US: Deutsche Bank launches ETNs linked to its Liquid Commodity Index (Product innovation) - February 2008
    • Customer targeting
      • UK/Global: Henderson aims at lower-end retail investors by reducing its multi-manager fund investment thresholds (Customer targeting) - January 2008
      • US: BNY Mellon launches acquisition service (Customer targeting) - February 2008
      • Hong Kong: Pictet & Cie targets retail investors with global theme funds (Customer targeting) - February 2008
    • Offshore
      • Monaco: UniCredit sells Monaco branch to Compagnie Monégasque de Banque (Divestment) - February 2008
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