In his new role, O’Sullivan will be responsible for the financial institutions business’ global clients and overall growth, overseeing custody delivery, technology and data solutions
Schroders Capital has chosen Brown Brothers Harriman as central administrator and depositary bank for its first European Long-Term Investment Fund
Michael Gray has been appointed head of alternative transfers agency at Brown Brother Harriman, based in Boston
Susan Cosgrove (pictured) has been named as president of clearing and securities services, replacing DTCC veteran Murray Pozmanter
The financial services industry “is halfway through a marathon” in its preparations for T+1, according to a panellist at this year’s ISITC Summit in Boston
State Street agreed that “it is not in the best interests of clients, shareholders or employees to continue to invest time and resources in the transaction in this challenging financial services M&A environment”
State Street will take over BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for US $3.5 billion
The connectors programme is launching with four unaffiliated external firms — Clearwater Analytics, Financial Recovery Technologies, IdealRatings and OnCorps — while also using several BBH-built solutions
While COVID-19 highlighted the inefficient work processes in the corporate actions space, industry experts suggest it has been a catalyst for a new, improved way of working
It may get worse before it gets better, but a shake up in the Nordics will ultimately bring about positive changes
