Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Wealth Management Competitor Tracker provides both one-month and 12-month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 55 competitors 3
Datamonitor's Wealth Management Team provides analysis of the key developments at both the one-month and 12-month level 3
A fully searchable database of the past 12 months of developments is also provided alongside the report 4
Key Trends and Developments in June 5
There were some notable developments within the wealth management industry during June 5
Société Générale Private Banking launched a fund with Rockefeller Financial 5
Vontobel Group set up a new company to provide wealth and asset management services to private US clients 5
In June, the wealth management market continued its spate of activities 6
There were a total of 22 competitor developments in June 6
M&A activity was predominant in the wealth market in June 6
Competitor activity remained strong in Europe and North America in June 7
Product Innovation and Customer Targeting 9
BBVA 9
BBVA launches a campaign to attract private banking customers 9
HSBC 9
HSBC Private Bank France launches the new HPWM Option Heritage equity fund 9
Morgan Stanley 10
Morgan Stanley Smith Barney to focus on wealth planning needs of LGBT Community 10
Société Générale 10
Société Générale Private Banking launches a fund with Rockefeller Financial 10
Vontobel 10
Vontobel Group sets up new company to provide wealth and asset management services to private US clients 10
M&A, Partnerships and Organic Growth 12
ABN Amro 12
ABN Amro Netherlands to merge with Fortis Bank Netherlands 12
ANZ 12
ANZ acquires selected RBS businesses in Indonesia 12
Barclays 12
Barclays receives commencement letter from Capital Market Authority for its business in Saudi Arabia 12
BNP Paribas 12
BNP Paribas Switzerland announces its acquisition of Fortis Banque Switzerland 12
BNP Paribas integrates its UK wealth management offering with Fortis Private Investment Management and Insinger de Beaufort 13
Intesa Sanpaolo 13
Intesa Sanpaolo Group sells Cassa di Risparmio della Spezia and 96 branches to Crédit Agricole Group 13
BNY Mellon 13
BNY Mellon agrees to acquire I3 Wealth Advisors of Toronto 13
Monte dei Paschi di Siena 14
Banca Monte dei Paschi di Siena sells 22 branches to Gruppo Banca Carige and 50 branches to Banca CR Firenze 14
PNC 14
PNC transfers six million customers and 1,300 branches of National City following its acquisition 14
Royal Bank Financial Group 14
RBC acquires the third-party registered investment advisor business of JPMorgan Securities 14
Vontobel 14
Vontobel opens a new branch in Basel, Switzerland 14
Staffing 15
DBS 15
John T. McCauley appointed regional executive for Deutsche Bank Private Wealth Management in Houston 15
Deutsche Bank announces the appointment of a regional head for its private wealth management division 15
Morgan Stanley 15
Morgan Stanley Wealth Management targets Latin American Markets by hiring team 15
RBS 16
RBS Coutts appoints Ex-Citi man as head of investment strategy for Asia 16
Sarasin 16
Sarasin appoints Shiv Khazanchi as managing director of its India operations 16
Appendix 17
Methodology 17
Further reading 17
Ask the analyst 17
Datamonitor consulting 17
Disclaimer 17
List of Tables
Table 1: The 55 companies covered by Datamonitor's Wealth Management Competitor Tracker 3
List of Figures
Figure 1: Wealth management activities slowed down in June 6
Figure 2: The majority of the developments for the month were in M&A, partnerships and organic growth 7
Figure 3: Europe witnessed the majority of the developments in June 8
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