Boston, Massachusetts, April 22, 2024 - Brown Brothers Harriman & Co. (BBH) Infomediary Data Solutions has expanded its relationship with AllianceBernstein (AB), a leading global investment management firm, 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 regulated fund disclosures.
The curated data, which involves ingesting, transforming, and aggregating disparate data and optimizing it for distribution, has resulted in greater efficiencies, enhanced risk mitigation and transparency, and improved consistency across AB’s outputs.
“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,” said Joe Mantineo, Head of Fund Administration at AB. “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 customizable.”
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. The authoritative data set has provided a doorway into other strategic areas in need of data transformation and oversight solutions and will lead to addressing additional use cases.
“Simply put, an asset manager’s ability to focus on the front office is limited by inconsistency and the burden of manual reviews and processes,” said Joshua Fine, Co-Head of Infomediary Data Solutions at BBH. “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.”
BBH’s Infomediary Data Solutions business provides a range of services including data integration, data management, advanced analytics, process transformation, and data quality assurance. BBH also provides integrated third-party solutions through its Connectors program.
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About Brown Brothers Harriman
BBH is a privately-held, global financial services firm founded in 1818 and headquartered in New York City. BBH is known for its exceptional client service, technology expertise, and customized solutions. For 200 years its client-centric approach has fostered deep and lasting relationships built on commitment and trust. As a private partnership, free from the distractions of short-term or public market expectations, BBH is built to put clients first and create success that lasts.
BBH’s Investor Services business provides asset servicing, capital markets, and operating model solutions to many of the world’s leading asset managers and financial institutions. Asset servicing solutions include cross-border custody, accounting, and administration and related services. Capital markets solutions include operational and strategic foreign exchange and securities lending services. BBH’s operating model solutions solve for platform, data, and connectivity challenges across open-architecture operating models for asset managers, asset owners, and financial institutions.
BBH operates in over 90 markets worldwide from 18 offices. BBH employs approximately 6,000 professionals. For more information, please visit www.bbh.com.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of March 31, 2024, AllianceBernstein had $759 billion in assets under management. Additional information about AB may be found on our website, www.alliancebernstein.com.
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