Brown Brothers Harriman

Brown Brothers Harriman Company Profile

THE SCOOP

What, me worry?
North America's oldest and largest partner-owned and managed bank, Brown Brothers Harriman has seven offices in the U.S. and seven overseas, employing about 4,000 people.  In addition to a full range of commercial banking services, the firm provides global custody, foreign exchange, private equity, mergers and acquisitions services, investment management for individuals and institutions, personal trust and estate administration, and securities brokerage.  It also operates a subsidiary, Brown Brothers Harriman Investment Management LLC.

In July 2006, BBH converted its New York trust company into a nationally chartered trust, Brown Brothers Harriman Trust Co., with offices in New York, Boston, Chicago, Charlotte, and Philadelphia.

The Brothers' history
Alexander Brown left his native Ireland for America in 1800, arriving in Baltimore to establish an import/export business built on his experience as an auctioneer in the Belfast linens market.  Ten years later, his four sons opened a merchant banking firm in Liverpool; a branch office in Philadelphia followed in 1818.  In 1825, Brown Brothers & Co. opened an office in New York City, and proceeded to expand their business into shipping and banking.  By 1857, Brown Brothers' banking business had become the focus of the operation, and import/export work was discontinued.  In 1931, two businesses owned by railroad tycoon E. H. Harriman merged with the Browns' company, forming Brown Brothers Harriman (BBH).

Minor reshufflings
In early 2008, Brown Brothers Harriman merged its investor services and treasury and markets businesses.  The new division, known as investor services and markets, is led by William B. Tyree.  He replaced Douglas A "Digger" Donahue Jr., who became BBH's new CEO as of January 1, 2008.

The divisional merger also saw some shuffling of staff.  Although senior management stayed in place, the company said in a statement, each partner assumed additional responsibilities: Andrew J.F. Tucker became head of the company's market-related activities; Susan C. Livingston was named to oversee the asset manager and fund client relationships and related services; Jeffrey R. Holland became head of client relationships and related services for the financial institution group; and Timothy J. Connelly was named head of client technology solutions and subcustodian network management. 

Ready for M&A
BBH's mergers and acquisitions practice is focused on growing mid-market businesses, with special industry emphasis on health care services, medical technology, telecommunications and media and outsourced business services.  The M&A group is part of BBH's corporate finance department, which also includes the private equity and mezzanine groups.  BBH offers equity and mezzanine capital for corporate growth via its 1818 Funds.  The corporate finance department serves private and closely held companies, advising on middle-market mergers and acquisitions for companies with values between $50 million and $500 million.  In April 2010, BBH ranked as the No. 1 Securities Lending provider in the annual Global Custodian Securities Lending survey fpr the second year in a row.  The firm has also been named ranked as the No. 1 global mutual fund administration provider by Global Custodian magazine.

Unlike some private banks that boast of their advisory groups' independence, BBH believes its ability to be both advisor and investor creates several unique advantages-the firm takes an "owner-oriented" approach to examining strategies for clients.


 

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Brown Brothers Harriman


140 Broadway
New York, NY 10005-1101
Phone: (212) 483-1818
Fax: (212) 493-8545
www.bbh.com

STATS


  • Employer Type: Private
  • Managing Partner: Douglas "Digger" Donahue
  • 2010 Employees: 4,000

Major Office Locations

  • Los Angeles, CA
  • Palm Beach, FL
  • Chicago, IL
  • Boston, MA
  • Jersey City, NJ
  • New York, NY
  • Charlotte, NC
  • Philadelphia, PA
  • Dallas, TX
  • Zurich, Switzerland
  • London, United Kingdom
  • Hong Kong, Hong Kong
  • Dublin, Ireland
  • Tokyo, Japan
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