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.
Category: BBH
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…
BBH launches Connectors program
Brown Brothers Harriman has launched BBH Connectors, a cohort of specialist third-party fintech and service providers that bring expertise in areas like ESG data, insurance accounting, class action recovery services, and AI to drive meaningful outcomes for clients. BBH Connectors can be readily integrated through BBH Infomediary, a data integration engine that provides efficient and…
Michael Madsen joins HSBC to head global PA product
HSBC has appointed Michael Madsen as global head of product for private assets for its securities services business. In this new role, Madsen will focus on development of the private assets product strategy and operating model. He will be based in Luxembourg, reporting to Tony McDonnell, global head of alternative investments, securities services, and Niccolo…
BBH completes conversion of two Guinness Atkinson mutual funds to ETFs
Brown Brothers Harriman has completed the conversion of two open-end mutual funds to ETFs on behalf of Guinness Atkinson Asset Management: Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX). These are the first two mutual funds converted into ETFs in the U.S. BBH has a long-standing relationship with…