Brown Brothers Harriman has entered into an arrangement with MUFG Investor Services, a division of Mitsubishi UFJ Trust and Banking Corporation (MUTB), under Mitsubishi UFJ Financial Group, Inc, for the provision of enhanced securities lending services to BBH’s asset manager and financial institutions clients globally. BBH clients will benefit from an enhanced securities lending product offering, including expanded market coverage, trading opportunities, collateral flexibility, comprehensive approved borrowers, and indemnification backed by Japan’s largest banking group.
BBH and MUTB are developing an integrated model across workflows, servicing, and support. As part of the integrated model, MUTB will provide securities lending capabilities and trading strategies, including fixed income market coverage and collateral flexibility. BBH will be responsible for coordination between BBH and MUTB to ensure integration in the delivery of custody and securities lending services for BBH clients.