Michael Gallo has joined Citco as an EVP on the hedge fund relationship management team, based in the U.S. He previously spent 13 years at BNY Mellon. Separately, Ainun Ayub has joined Citco as global product head for real assets, based in the UK. She was previously at BBH, where she was responsible for product…
Category: BBH
Another senior manager leaves BBH
Mark Chessler has joined Alter Domus as a senior manager, based in the U.S. Chessler was previously at BBH, working in the alternative investments product group, and has also worked for State Street.
Eruch Mody joins BNY Mellon
Eruch Mody has joined BNY Mellon‘s asset servicing business in a senior relationship management role. Mody spent nearly 12 years at BBH, most recently as a senior relationship manager in the investor services business. At BNY Mellon, he will be part of the global investment managers team run by Irene Speridakos.
Ultimus hires from BBH
Paul Wahmann has joined Ultimus Fund Solutions as an SVP in the middle office products team. Based in Colorado, he joins from BBH, where he spent over 16 years, most recently as an SVP in investment operations.
BBH veteran joins BNY Mellon
BNY Mellon has appointed Vivian Tung as global head of ETF services. Based in the U.S., she will be responsible for managing all operational and client services aspects of the ETF business, including innovation, design, technical implementations, client onboarding, and client servicing. Tung joins from BBH, where she spent nearly 17 years, most recently in…
State Street updates timetable for BBH deal
State Street has confirmed that it expects to close the deal to acquire BBH’s investor services business by the end of the second quarter. State Street pointed to a protracted regulatory approval process as one reason for the delay.
BondBloxx partners with BBH
BondBloxx Investment Management Corporation, which claims to be the first ETF issuer focused solely on the needs of fixed income investors, has appointed BBH to provide custody, administration, accounting, and transfer agency for BondBloxx’s upcoming initial product launch.
Citi links to Bloomberg’s BSKT
Citi and Bloomberg have integrated Bloomberg’s BSKT service with Citi’s proprietary ACES ETF platform to better support Citi’s ETF clients who use BSKT to negotiate fixed income baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF creation and redemption transactions. ACES features a suite of workflow tools that fully automate the…
BBH rolls out Infuse TA
BBH has deployed Infuse Transfer Agency to its TA clients. Infuse TA is a digital experience integrated into BBH’s Infuse client portal, providing clients with a single view, in real time, of their entire investor onboarding process and shareholder register. Launched in 2020, over 60 asset managers distributing globally now have access to Infuse TA.…
State Street to buy BBH’s investor services business for USD3.5bn
State Street and Brown Brothers Harriman & Co. have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for USD3.5bn in cash. Following the transaction, BBH will continue to independently own and operate its separate private banking and investment…