BBH and MUFG Investor Services to offer securities lending service
05 March 2025 US
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Brown Brothers Harriman (BBH) has entered into an agreement with MUFG Investor Services, a division of Mitsubishi UFJ Trust and Banking Corporation (MUTB), for the provision of enhanced securities lending services to its asset manager and financial institutions clients globally.
The firms are developing an integrated model across BBH’s workflows, servicing, and support.
As part of the integrated model, MUTB will provide securities lending capabilities and trading strategies, including fixed income market coverage and collateral flexibility.
While BBH will coordinate with MUTB to ensure seamless integration in the delivery of custody and securities lending services for BBH clients going forward, the firm says.
Chris Gothard, partner responsible for BBH’s markets offerings, says: “This cooperative model with MUTB enhances BBH’s position as the custodian and administrator of choice for the world’s most sophisticated asset managers and financial institutions.
“Our strategy is to focus on the solutions where we can deliver premier service, innovative technology, and specialist expertise to our clients, and scale our business through the creation of strategic relationships where it makes sense for our clients.”
Tim Smollen, EVP and global head of Global Securities Lending Solutions at MUFG Investor Services, adds: “The philosophy and values of our two respective securities lending programmes have always been similar in that we both provide high-touch, world class service to a relatively small number of sophisticated institutional investors.”
The firms are developing an integrated model across BBH’s workflows, servicing, and support.
As part of the integrated model, MUTB will provide securities lending capabilities and trading strategies, including fixed income market coverage and collateral flexibility.
While BBH will coordinate with MUTB to ensure seamless integration in the delivery of custody and securities lending services for BBH clients going forward, the firm says.
Chris Gothard, partner responsible for BBH’s markets offerings, says: “This cooperative model with MUTB enhances BBH’s position as the custodian and administrator of choice for the world’s most sophisticated asset managers and financial institutions.
“Our strategy is to focus on the solutions where we can deliver premier service, innovative technology, and specialist expertise to our clients, and scale our business through the creation of strategic relationships where it makes sense for our clients.”
Tim Smollen, EVP and global head of Global Securities Lending Solutions at MUFG Investor Services, adds: “The philosophy and values of our two respective securities lending programmes have always been similar in that we both provide high-touch, world class service to a relatively small number of sophisticated institutional investors.”
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