Reportlinker Adds Wealth Management Competitor Tracker: January 2011

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Apr 26, 2011, 06:19 ET

NEW YORK, April 26, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Wealth Management Competitor Tracker: January 2011

http://www.reportlinker.com/p0484947/Wealth-Management-Competitor-Tracker-January-2011.html

The Wealth Management Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the wealth management space. Produced on a monthly basis, the Tracker is a global product and covers 100 players across Asia-Pacific, Europe, the Middle East & Africa, North America and South America. Competitors tracked include BNP Paribas, Emirates NDD and Raymond James. Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive news database. Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading global players. Learn the Datamonitor Wealth & Investments Team's view on the most important competitor developments in the month. A total of 28 developments were logged in the January. This represents a somewhat subdued performance given that Datamonitor has increased the number of companies tracked from 53 to 100. However, this can probably be attributed to seasonality, given the Christmas and New Year holidays in many parts of the world. M&A, partnerships, and organic growth accounted for the majority of activity in January, with 11 developments out of the

total 28. In M&A the key story of the month was the announcement of BMO Financial Group's acquisition of Lloyds George Management in Hong Kong. The majority of competitor activity in January originated from North America, which accounted for 32% (nine out of 28) of the total developments. The key story from the region was the announcement of Raymond James' acquisition of full service brokerage firm Howe Barnes Hoefer & Arnett. Where is the competition expanding their presence and opening new branches? Which competitors have experienced the most staffing changes over the last year? What new products and customer targeting strategies are my competitors using?

OVERVIEW

Catalyst

Summary

Methodology

INTRODUCTION

The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments

As of January 2011, Datamonitor now tracks the most relevant announcements from 100 competitors

Datamonitor's Wealth and Investments Team provides analysis of the key developments at one-month and 12-month intervals

A fully searchable database covering the past 12 months of developments is also delivered alongside the report

KEY DEVELOPMENTS IN JANUARY

Notable developments within the wealth management industry in January

UAE: Emirates NBD to provide art advisory services for private banking clients, January 2011

Hong Kong: BMO announces the acquisition of Lloyd George Management, January 2011

France: Societe Generale Private Banking announces a new executive committee, January 2011

Wealth management activity was limited in January

There were a total of 28 developments in January

Developments in M&A and organic growth accounted for the majority of activity in January

32% of competitor developments took place in North America

PRODUCT INNOVATION AND CUSTOMER TARGETING

Bank of America

US: Bank of America opens up Merrill Edge to more customers, January 2011

BNY Mellon

US: BNY Mellon Wealth Management launches a cash management account for private banking clients, January 2011

Citigroup

Bahrain: Citi announces a new benefits program for affluent clients, January 2011

Emirates NBD

UAE: Emirates NBD to provide art advisory services for private banking clients, January 2011

UAE: Emirates NBD hosts a music concert for Dubai's affluent non-resident Indian community, January 2011

Fidelity

US: Fidelity launches personalized account services for affluent clients, January 2011

Northern Trust

US: Northern Trust announces its intention to provide wealth services to lesbian, gay, bisexual, transgender, and non-traditional families, January 2011

M&A, PARTNERSHIPS, AND ORGANIC GROWTH

ANZ

Singapore: ANZ opens a branch on Orchard Road, January 2011

BMO Financial Group

Hong Kong: BMO announces the acquisition of Lloyd George Management, January 2011

Citigroup

China: Citibank opens a new branch in Hangzhou, January 2011

HSBC

US: HSBC opens a new branch in New York, January 2011

ICBC

China: ICBC wealth management business expands with new product offerings, January 2011

US: Industrial and Commercial Bank of China acquires Bank of East Asia USA, January 2011

Julius Baer

UAE: Julius Baer announces the relocation of its Dubai office, January 2011

Monte dei Paschi di Siena

Italy: Banca Monte dei Paschi di Siena signs agreement with Banca Popolare di Milano and Clessidra Sgr to form Asset Management Holding, December 2010

Raymond James

US: Raymond James announces the acquisition of Howe Barnes Hoefer & Arnett, December 2010

Sarasin

Switzerland: Bank Sarasin announces new premises in Zurich, January 2011

TD Waterhouse

Canada: TD Canada Trust opens a new branch in Richmond, January 2011

STAFFING

Barclays

Hong Kong/Singapore: Barclays Wealth announces senior appointments in Asia, January 2011

UK: Barclays Wealth expands its investment advisory team, January 2011

BNY Mellon

US: BNY Mellon Wealth Management appoints new sales directors for New York, January 2011

Deutsche Bank

Germany: Loukas Rizos resigns from the board of managing directors at BHF-Bank, January 2011

Julius Baer

Germany: Julius Baer ramps up wealth management activities, January 2011

Singapore: Julius Baer announces the appointment of a new CEO in Singapore, January 2011

Morgan Stanley

India: Morgan Stanley appoints a marketing director for its private wealth business, January 2011

Old Mutual

Jersey: Fairbairn announces the expansion of its private banking team, January 2010

RBS

UK: Coutts announces the appointment of a senior client partner, January 2011

Societe Generale

France: Societe Generale Private Banking announces a new executive committee, January 2011

APPENDIX

Methodology