This Strategic Insight Report assesses the issue of organisational scale in the private wealth management market. It looks at the forces behind the emergence of large scale international private banks and compares and contrasts the strategic development of five of the world's largest wealth managers.
Scope of this report
- Focused on the implications of organisational scale in the private wealth management industry and the rise to prominence of large global players
- Cases studies cover UBS Wealth Management, Merrill Lynch GPC, Credit Suisse Private Banking, HSBC Private Bank and Citigroup Private Bank
- Draws out key lessons learnt and implications for the future of the industry and other competitors
- Global in perspective
Research and analysis highlights
The market difficulties of recent years have resulted in a more clinical approach at a corporate level. Where private banking has been earmarked as "core" this has therefore resulted in increased capital being committed to expansion, and a ramping up of growth initiatives among active players in the market.
Datamonitor believes that these mega-managers will continue to acquire opportunistically around the world in 2005. In an increasingly competitive market, these players have the scale and resources to make acquisitions, which will immediately add a client base and distribution channel and help to create critical mass in new or expanding markets.
Datamonitor doubts that the medium to long-term will witness the creation of a small select breakaway group of 5-6 very large, competitively advantaged global players. Instead Datamonitor anticipates a global market characterized by a more extensive raft of 15-20 or so geographically diversified "global" and multi-region players.
Key reasons to read this report
- Provides detailed insight into the financial and strategic performance of 5 key competitors
- Outlines the emerging competitive landscape, allowing wealth managers to identify their place in the increasingly complex competitive picture
Offers a future focused view of key lessons to be learnt from the successes and failings of the big players
This Strategic Insight Report assesses the issue of organisational scale in the private wealth management market. It looks at the forces behind the emergence of large scale international private banks . . .