BBH expands relationship with AllianceBernstein 23 April 2024US Reporter: Klea Neza
Image: itchaznong
Brown Brothers Harriman (BBH) Infomediary Data Solutions has expanded its relationship with AllianceBernstein (AB) by adding to its data management services for fund operations.
Powered by BBH’s data integration and connectivity engine Infomediary, the service involves the curation of fund holdings data, which can be leveraged as part of multiple fund output publications, including fund disclosures.
BBH’s data management services can be configured to aggregate data across all administrators and third parties, enabling a provider-agnostic model that gives flexibility and interoperability to the asset manager.
Joe Mantineo, head of fund administration at AB, says: “Having easy access to high quality fund holdings data that can be leveraged in our fund reporting is critical for us to evolve our business.
“With BBH as our partner in this regard, we have consistent and reliable data to support these activities — data that is available on-demand and is customisable.”
Joshua Fine, co-head of Infomediary Data Solutions at BBH, comments: “An asset manager’s ability to focus on the front office is limited by inconsistency and the burden of manual reviews and processes.
“Our work with AB demonstrates the value of addressing those issues with authoritative data sets. What started as a specific use case with fund disclosure documents, is now scaling to other use cases across fund operations.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: itchaznong 