UK - Brown Brothers Harriman (BBH), the oldest privately owned US bank and fund manager, has appointed David Bilbe as its new managing director of investor services in London.
At BBH, Bilbe will be responsible for both relationship management and business development for areas serviced by the London office. He replaces Paul Chapman, who left BBH last year. The London office acts as BBH's European hub, offering custody, equity brokerage and research, securities lending and foreign exchange services to clients in Europe and the Middle East.
David has a proven track record of successfully developing global custody businesses and he understands the needs of our client base thoroughly, said Andrew Tucker, partner at Brown Brothers Harriman. Additionally, his experience in the local market will consolidate our recent growth in servicing UK fund managers.
By Geoffrey Ho
In this week's Pensions Buzz, we want to know whether or not you believe that business facing financial distress should be able to suspend their auto-enrolment contributions to avoid rising costs.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.