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Wealth Management Competitor Tracking November 2006

Product Type: Market Research Report
Published by: Datamonitor
Published: December 2006
Product Code: R313-18956
Description
Introduction
Gives clients our expert analysis and opinion about the strategic moves by wealth managers globally each month. The series covers both the players like ABN AMRO, Barclays, BBVA, Citigroup, Credit Suisse, Deutsche Bank, Dexia, Fortis, HSBC, HBOS, Julius Baer, KBL, LODH, Merrill Lynch, Nordea, RBC, RBS, SEB and UBS, as well as the other competitor whose strategic developments impact those markets.

Reasons to Purchase
Provides invaluable information on your closest rivals' strategies all in one place.
Keeps you fully informed through monthly updates delivered to your desktop.
Gives you our Wealth Team View on your competitors' strategies.
Table of Contents
TABLE OF CONTENTS

WEALTH MANAGEMENT COMPETITOR TRACKING 8

ABN Amro 8

ABN AMRO Private Banking pulls out of Monaco in order to focus on emerging markets 8

Bank of America 8

Bank of America acquires U.S. Trust from Charles Schwab (M&A) 8

Bank of America expands regional focus in the US to serve high net worth clients (Distribution) 9

Bank of America launches new account for high net worth clients (Product Innovation) 9

Barclays 10

Barclays Wealth to create 500 jobs in Scotland in the next 3 years (Staffing) 10

BNP Paribas 11

Asian markets drive wealth management growth for BNP Paribas 11

Credit Suisse 11

Credit Suisse private banking reports financial results for Q3 2006 11

Deutsche Bank 11

Deutsche Bank reports modest results for the third quarter 2006 11

Deutsche Bank Private Wealth Management sets sight on China (Emerging Markets) 12

Deutsche Bank enters alliance with offshore advisory firm deVere (Partnerships) 13

Investec 13

Investec reports private banking profit boom for first half 2006 13

Investec Private Bank targets British expatriates living in Spain (Client Targeting) 14

Julius Bär 14

Julius Bär officially launches offices in Singapore and Hong Kong (Emerging Markets) 14

JP Morgan 15

JP Morgan is expanding private banking in the USA (Staffing) 15

KBC 16

KBC’s third quarter 2006 results boosted by sale of Banco Urquijo 16

Lehman Brothers 16

Lehman Brothers’ Neuberger Berman acquires H.A. Schupf & Co. (M&A) 16

Mellon 17

Mellon expands Private Wealth Management activities in Florida 17

Morgan Stanley 18

Morgan Stanley taps Lehman Brothers to focus on Latin America (Staffing) 18

Morgan Stanley Global Wealth Management launches new client website (Product Innovation) 18

Royal Bank of Canada 19

Royal Bank of Canada unveils plans to expand UK presence (Staffing) 19

Royal Bank of Scotland 19

RBS announces joint venture with BOC (Emerging Markets) 19

Santander 20

Santander set to increase private banking presence in the USA 20

Santander acquires Italian private bank KBL Fumagalli Soldan (M&A) 20

Société Générale 21

Private banking boosts Société Générale’s third quarter results 21

UBS 21

UBS reports solid results in European onshore wealth business 21

UBS teams up with IFAs in order to enhance footprint in the UK (Distribution) 22

Other competitors 22

Arbuthnot completes first phase of major restructuring program 22

DBS upbeat on wealth management (Emerging Markets) 23

Bordier set to take controlling interest in Berry Asset Management (M&A) 23

New Portuguese private bank set to enter the market in late 2007 (Emerging Markets) 24

CIMB launches Malaysian fund of funds (Product Innovation) 24

Mirabaud rebrands Basel-based subsidiary Banque Jenni & Cie 25

Matthew Hunt launches new wealth management firm in the UK 26

Prudential targets ‘untapped’ UAE wealth management market (Emerging Markets) 26

Profits soared at Schroders Private Bank in third quarter 2006 26

Struggling Swissfirst continues selloff of private banking business 27

Swiss Union Bancaire Privée receives license to operate in Qatar (Emerging Markets) 27

Market Issues 29

Banks “agree” not to poach from Singaporean rivals (Staffing) 29

University launches wealth management course for the wealthy 29

APPENDIX 30

Further Reading 30

Global Wealth Management SPP 30

Datamonitor Asia Pacific Wealth Management SPP 31

SPP writing team 32
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