The Future of the Wall Street Brands
Joseph Gelman
The global financial services crisis raises issues for CMOs who find themselves with new brands in their portfolios as a result of the recent spate of industry consolidation.
In the short term, commercial and retail banks that acquire independent banks need to decide whether to maintain purchased brands like Merrill Lynch or Lehman Brothers, or to migrate business towards the acquirer's existing parent brand.
Longer term, once the dust has settled, they must define how to use the new brands in their portfolio to strengthen their client relationships and...