Brown Brothers Harriman & Co.

Brown Brothers Harriman Research Finds 71% of Private Business Owners Believe Their Organizations Are Recession-Proof

Retrieved on: 
Monday, May 15, 2023
Finance, Start-Up, Marketing, Banking, Communications, Small Business, Professional Services, Business, Penta, Uncertainty, Communication, Partnership, Brown Brothers Harriman & Co., Research, Organization, BBH, Disagreement, Love, Woman, Family, Tourism, Property management, Management

The research found that 71% of business owners believe their business is mostly or fully recession-proof.

Key Points: 
  • The research found that 71% of business owners believe their business is mostly or fully recession-proof.
  • However, 75% of these business owners say the family members’ roles are either not well defined or not fully communicated.
  • Private business owners point to a variety of reasons that could make them hesitant to discuss business with close relatives.
  • Conducted in partnership with Wakefield Research, the BBH Private Business Owners Survey was conducted among 400 US Private Business Owners from enterprises valued over $10 million, excluding institutionally owned businesses or those owned by a fund.

Cytellix® Joins Managed Service Providers Association of America as Endorsed Partner

Retrieved on: 
Wednesday, April 5, 2023
Service provider, Partnership, XDR, State Street Corporation, GRC, CISO, Government, Organization, Defense industrial base, Member of the Scottish Parliament, State Street, Partner, Brown Brothers Harriman & Co., Extended detection and response, Arms industry, Risk management

ALISO VIEJO, Calif., April 5, 2023 /PRNewswire/ -- Cytellix®, today announced that it has been named an Endorsed Partner and Preferred Member of the Managed Service Providers Association of America (MSPAA). The Cytellix Cyber Watch Platform (CCWP™) is the ONLY place where Governance Risk and Compliance (GRC) and Extended Detection and Response (XDR) are delivered as a single integrated solution. It is tailored to meet the needs of small and medium-sized businesses and government entities including the Defense Industrial Base sector. 

Key Points: 
  • ALISO VIEJO, Calif., April 5, 2023 /PRNewswire/ -- Cytellix® , today announced that it has been named an Endorsed Partner and Preferred Member of the Managed Service Providers Association of America (MSPAA).
  • It is tailored to meet the needs of small and medium-sized businesses and government entities including the Defense Industrial Base sector.
  • Under the partnership, Cytellix will offer its award-winning, patented Cytellix Cyber Watch Platform to member MSPs as a turnkey managed cybersecurity solution.
  • "We are pleased to welcome Cytellix as an Endorsed Partner," said Jake Charen, COO of MSPAA.

Evercore Wealth Management Promotes Michael Kirkbride, Aldo Palles and Ross Saia to Partner

Retrieved on: 
Thursday, March 2, 2023
Personal Finance, Finance, Consulting, Professional Services, Asset Management, City, Rutgers University, City University, Chartered Alternative Investment Analyst, Business, Florida International University, Trust, University, Bank of America Private Bank, Fiduciary, New York University Stern School of Business, Strategic planning, SunTrust Banks, Bank, Chartered, Certification, Garden, Brown Brothers Harriman & Co., ESG, Financial services, Financial adviser, Evercore

Evercore Wealth Management today announced the promotions of Portfolio Manager Michael Kirkbride, Portfolio Manager Aldo Palles, and Wealth and Fiduciary Advisor Ross Saia to partner.

Key Points: 
  • Evercore Wealth Management today announced the promotions of Portfolio Manager Michael Kirkbride, Portfolio Manager Aldo Palles, and Wealth and Fiduciary Advisor Ross Saia to partner.
  • Mr. Kirkbride is based at the Evercore headquarters in New York City; Mr. Palles and Mr. Saia are based at the Evercore Wealth Management and Evercore Trust Company, N.A.
  • “Michael, Aldo and Ross are strong contributors to our firm, always putting our clients first and demonstrating terrific teamwork,” said Chris Zander, CEO of Evercore Wealth Management and Evercore Trust Company, N.A.
  • Mr. Saia is a wealth & fiduciary advisor at Evercore Wealth Management and Evercore Trust Company, delivering strategic planning and fiduciary advice to high-net-worth and ultra-high-net-worth families and contributing to the Fiduciary Oversight Group.

Brown Brothers Harriman Private Banking Team Expands in Philadelphia

Retrieved on: 
Monday, January 23, 2023
Banking, Professional Services, Finance, Risk management, Brown Brothers Harriman & Co., Business, Relationship, Senior, Private, Acquisition, Harvard College, Multimedia, Private banking, BBH, Financial services

The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion and strengthening of its Corporate Advisory and Banking team in Philadelphia with the hiring of Dan Vereb.

Key Points: 
  • The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion and strengthening of its Corporate Advisory and Banking team in Philadelphia with the hiring of Dan Vereb.
  • View the full release here: https://www.businesswire.com/news/home/20230123005077/en/
    Dan Vereb, a 25-year industry veteran has joined the firm’s Corporate Advisory and Banking team as Senior Vice President in the Philadelphia office.
  • “We are excited to have Dan join our team,” said Matt Levering, who leads Private Banking’s Corporate Advisory and Banking practice in Philadelphia.
  • “Dan's addition to the team represents our continued investment in serving the needs of private business owners in Philadelphia and across the mid-atlantic region", said Val Carlotti, Partner and Head of Corporate Advisory and Banking for Private Banking at BBH.

Statement from State Street Corporation on Brown Brothers Harriman Investor Services Acquisition

Retrieved on: 
Wednesday, November 30, 2022
Consulting, Professional Services, Finance, COVID-19, AUM, State, Risk, LIBOR, Brown Brothers Harriman & Co., BBH, State Street, Climate change, Income tax, STT, Government, Annual report, RWA, Asset, Workforce, State Street Global Advisors, State Street Corporation, SSGA, International, Video news release, NYSE, Tax, AUC, Research, Risk management, Failure, Sale, News, Pressure, Acquisition, Financial adviser, Retail, Creative industries, Bank, Public utility, Insurance, Security (finance), Audit, Property management

State Street Corporation (NYSE: STT) today announced that it has mutually agreed with Brown Brothers Harriman & Co. (BBH) to terminate State Streets proposed acquisition of BBHs Investor Services business.

Key Points: 
  • State Street Corporation (NYSE: STT) today announced that it has mutually agreed with Brown Brothers Harriman & Co. (BBH) to terminate State Streets proposed acquisition of BBHs Investor Services business.
  • The proposed modified transaction structure was increasingly complex, presented additional operational risk to State Street and would limit the anticipated transaction benefits relative to original expectations.
  • From the beginning of our discussions with BBH in 2021, I have been impressed by the quality of the BBH Investor Services business and its people.
  • State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.

BBH Announces Termination of Investor Services Transaction with State Street

Retrieved on: 
Wednesday, November 30, 2022
Private, Investment management, Partner, BBH, State Street, Trust, Investor Services Journal, State Street Corporation, Private banking, Brown Brothers Harriman & Co., NYSE, Security (finance), Life insurance, Financial services

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- Brown Brothers Harriman & Co. (BBH) today announced that it has mutually agreed with State Street to terminate the agreement to sell its Investor Services business to State Street Corporation (NYSE: STT). BBH made this decision after it became clear that State Street will be unable to obtain necessary approvals from its regulators for the agreed transaction.

Key Points: 
  • BBH will continue to invest in the people, technologies, and market segments that make Investor Services a differentiated and valued offering for the world's most sophisticated institutional investors
    NEW YORK, Nov. 30, 2022 /PRNewswire/ --Brown Brothers Harriman & Co. (BBH) today announced that it has mutually agreed with State Street to terminate the agreement to sell its Investor Services business to State Street Corporation (NYSE: STT).
  • BBH made this decision after it became clear that State Street will be unable to obtain necessary approvals from its regulators for the agreed transaction.
  • BBH has no other plan to sell the Investor Services business or to pursue another transaction."
  • BBH, including BBH Investor Services, operates in over 90 markets worldwide from 17 offices.

Brown Brothers Harriman’s Center for Women & Wealth Launches The Owners’ Council

Retrieved on: 
Thursday, October 13, 2022
Finance, Consulting, Banking, Thought Leadership, Professional Services, Business, Small Business, Start-Up, DEI (Diversity, Equity and Inclusion), Other Professional Services, Penta, Investment management, Trust, BBH, Multi-family office, Woman, Endowment, Foundation, Thrive Global, Brown Brothers Harriman & Co., Â, Goal, Bolt-on acquisition, Private equity, Learning, Brother, CEO, Ecosystem, Running, Moody's Investors Service, Solution, Management, Council

Brown Brothers Harriman & Co. (BBH), today launched The Owners Council, a dynamic and diverse community of women business owners.

Key Points: 
  • Brown Brothers Harriman & Co. (BBH), today launched The Owners Council, a dynamic and diverse community of women business owners.
  • Sponsored by the BBH Center for Women & Wealth, Council members will come together regularly to share both personal and business insights and experiences, support, and advocate for each other, and grow and benefit from BBHs shared ecosystem of women leaders.
  • At BBH we want to amplify the power of women by providing a forum in which they can support one another, said Adrienne Penta, Executive Director of the BBH Center for Women & Wealth.
  • With the Owners Council, we are creating an ecosystem where women can come together across geographies and industries to connect with other superstar women leaders to both give and receive the benefit of their insights, experience and connections.

Bridge Bank’s Business Escrow Services Adds Depth With New Hire

Retrieved on: 
Wednesday, September 28, 2022
Banking, Professional Services, Finance, Cawley, San Francisco Bay Area, State Street Bank and Trust Company, Industry, Brown Brothers Harriman & Co., Bank, Technology, Solution, FDIC, Silicon, State Street Corporation, Real estate, Financial services, U.S. Bancorp, Bridge bank

As a vice president in Bridge Banks Business Escrow Services Group, Cawley, based in Boston, is responsible for developing and managing escrow, exchange and paying agent services.

Key Points: 
  • As a vice president in Bridge Banks Business Escrow Services Group, Cawley, based in Boston, is responsible for developing and managing escrow, exchange and paying agent services.
  • With Lauras depth of experience, Bridge Banks rapidly growing Business Escrow Services group can continue to increase our bench strength as we provide our trademark personalized service and customized offerings to suit clients needs, said Alex Tsarnas, senior managing director of Bridge Banks Business Escrow Services group.
  • Bridge Banks growing Business Escrow Services group is a specialized, trusted resource for strategic buyers, leading law firms, exiting companies and other deal constituents.
  • The group tailors services and product features to provide paying agent and escrow services related to mergers, acquisitions, asset purchases and other business escrow events.

VSS Capital Partners Hires Brad Corbin as Principal

Retrieved on: 
Wednesday, September 14, 2022
Professional Services, Business, Other Professional Services, Finance, Asset Management, Banking, Principal, Essays in Economic & Business History, Columbia Business School, Acquisition, Partnership, Industry, VSS, Brown Brothers Harriman & Co., Investment, Spell Capital Partners, Amherst College, Technology, History, Lazard, Biotechnology, Management, Economics

VSS Capital Partners (VSS), a private investment firm investing in the healthcare, business services, and education industries, is pleased to announce the hire of Brad Corbin as Principal.

Key Points: 
  • VSS Capital Partners (VSS), a private investment firm investing in the healthcare, business services, and education industries, is pleased to announce the hire of Brad Corbin as Principal.
  • We are excited to welcome Brad to VSS.
  • Mr. Corbin brings investment experience across the healthcare, technology, and business services verticals to VSS.
  • I look forward to working with the team and contributing to VSS investment track record, said Mr. Corbin.

Capitol Securities Welcomes Claire E. Soja to our firm

Retrieved on: 
Saturday, August 13, 2022
Multimedia, FINRA, Brown Brothers Harriman & Co., Suite, Technology, Board, Director, Clair, SIPC, View, Business, Kidder, Kidder, Peabody & Co., Financial adviser, Crocker

BOSTON, Aug. 13, 2022 /PRNewswire/ -- Capitol Securities Management, Inc. is pleased to welcome Claire Soja to our firm.

Key Points: 
  • BOSTON, Aug. 13, 2022 /PRNewswire/ -- Capitol Securities Management, Inc. is pleased to welcome Claire Soja to our firm.
  • Capitol Securities Welcomes Claire E. Soja to our firm
    Claire then served for nine years as Managing Director of the Private Client Group at Detwiler Fenton Investment Management LLC in Boston and was named to the Board of Directors in 2010.
  • Capitol Securities has a clearing relationship for its clients' accounts, products, services, and technology with Raymond James.
  • For more information on Capitol Securities and its holistic, client centered, platform and services.