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…
Category: BBH
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…
BBH appoints Sonobe-san as a general partner
Brown Brothers Harriman has appointed Noriyasu Sonobe as a general partner. Sonobe joined BBH in 2007 and is currently co-office head of BBH Tokyo, as well as head of relationship excellence for investor services in Japan. He is based in Tokyo.
Bloomberg links BSKT with Brown Brothers Harriman
Bloomberg has established a new streamlined workflow between BSKT, its primary market solution for ETFs, and Brown Brothers Harriman. It claims to be the first real-time solution that provides authorized participants with a single interface for ETF order taking and negotiating ETF baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF…
BBH sets up NY trust company to service insurance and reinsurance clients
Brown Brothers Harriman has launched a new institutional trust company incorporated in the State of New York, expanding BBH’s servicing suite for insurance and reinsurance firms and their institutional trust arrangements governed across multiple jurisdictions. The BBH Institutional Trust Company of New York will be led by Diane Wiley, SVP and head of insurance relationship…
Citi wins USD630bn white-label custody mandate for MUFJ in Lux
In a strategically important mandate for its Luxembourg business, Citi has been appointed as the global custody solutions provider for Mitsubishi UFJ Investor Services & Banking (Luxembourg) (MIBL). The deal will result in the transfer of approximately USD630bn of assets to Citi’s platform. As part of the deal, MIBL will white label Citi’s custody platform…
BBH appointed to service new Allianz Buffered Outcome ETFs
Brown Brothers Harriman has been selected by Allianz Investment Management, a wholly owned subsidiary of Allianz Life Insurance Company of North America, to provide custody, accounting, administration, TA and order taking services for its new Buffered Outcome ETFs. The first two U.S. ETFs were listed on the NYSE on June 1, with plans for additional…
GaoTeng appoints Lemanik, BBH for first UCITS fund in Ireland
GaoTeng Global Asset Management Limited, a Hong Kong-based manager, has launched its first UCITS fund, domiciled in Ireland. GaoTeng has appointed Lemanik as the UCITS ManCo, with Brown Brothers Harriman as fund administrator.
BBH appoints Keith Haberlin as head of fintech
Brown Brothers Harriman has appointed Keith Haberlin as head of fintech, with responsibility for fintech products, execution, relationship management and sales. The fintech business provides middle office technology and services to asset managers, including Infomediary technology for data messaging and connectivity. Haberlin takes over from Mike McGovern, who has served in the role since 2017.…
USCF moves from BBH to BNY Mellon
United States Commodity Funds (USCF), which runs a family of commodity-based ETFs, has appointed BNY Mellon as custodian, fund accountant and transfer agent across all ETFs. The incumbent, BBH, will provide financial statements for Q1, after which BNY Mellon will assume this function.