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State Street Buys BBH Investor Services for $3.5B

September 9, 2021 by Eugene Grygo

State Street Buys BBH Investor Services for $3.5B

State Street Corp. is acquiring the custody, accounting, fund administration, global markets, and technology services of private bank Brown Brothers Harriman & Co. — known as BBH’s Investor Services business — for $3.5 billion in cash in a major bid to become the top provider in the investment servicing industry. The firms report that they… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Buy-Side, Corporate Actions, Data Management, Industry News, Middle-Office, Ops Automation, Outsourcing, Reconciliation & Exceptions, Risk Management, Settlement, Governance, Artificial Intelligence, Digital Transformation, FinTech Trends, Back-Office, Integration, Standards, Performance Measurement, KYC, Industry News, People Moves Tagged With: BBH, Brown Brothers Harriman, custodian, fund administration, Investment Services, mergers and acquisitions, Securities Operations, State Street, technology services

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