Custodian Brown Brothers Harriman has launched a new portal with amped-up accounting and reporting tools for its ETF clients.

The portal, dubbed ETF Connect, allows ETF sponsors, authorized participants, administrators and custodians better manage fund operations and access tools like APEX, which can automate and streamline transaction processing, among other things.

The full press release on this new service is below:

---

Company Press Release

BROWN BROTHERS HARRIMAN LAUNCHES ETF CONNECT™, SUITE OF ETF-SPECIFIC PRODUCTS TO STREAMLINE OPERATIONS

    ?Brown Brothers Harriman (BBH) has announced the launch of its new suite of exchange-traded fund (ETF) specific products, ETF Connect™, where ETF sponsors, Authorized Participants (APs), and BBH (Administrator and Custodian) can manage ETF operations through a single platform. 

  “In our ongoing efforts to personalize the client experience, we are pleased to introduce ETF Connect as a central gateway for information and tools for our ETF relationships,” says Shawn McNinch, Global Head of ETF Services at Brown Brothers Harriman. “Our clients are now able to access ETF-specific tools and reports via a single portal, which enables them to more effectively manage their business.”

  Through ETF Connect, users have the ability to access new and enhanced ETF products including the recently launched APEX™(AP Exchange).

  APEX, specifically built for ETFs, provides workflow automation based on client specified creation / redemption order requirements which take place between the ETF sponsor, APs and BBH.    Further, the tool supports custom baskets, as well as restricted securities at time of order placement. APEX is fully integrated with BBH’s global custody, accounting and Transfer Agency (TA) systems to enable streamlined and efficient processing of transactions.

  “ETF Connect demonstrates our commitment to this strategically important and fast growing market" said Seán Páircéir, Partner in Investor Services. “We believe that the continued development of this portal will enhance our differentiated and market leading suite of ETF services.”

? “ETF Connect is a great example of the innovation that BBH brings in partnership with our clients to streamline their operations by centralizing connectivity points to BBH. Our goal as a service provider is to increase our clients’ efficiencies allowing them to focus on their priorities. ETF Connect is a testament to this goal,” stated Rick Berk, Partner of Investor Services’ Product Management group.

    About BBH ETF Services

BBH’s is a leading provider of asset servicing for the global ETF market. With more than $140 billion in ETF assets under custody, BBH works with a diverse group of asset managers to introduce products both within their own regions and globally. BBH’s expertise in global custody, transfer agency (TA), administration and accounting services are the foundation for our ETF-specific services.  Our services extend across the entire realm of both physical (in specie) and synthetic ETF and Exchange Traded Product (ETP) structures utilizing active, passive and quantitative strategies.

    About Brown Brothers Harriman

?BBH is a privately held financial institution that has been a thought leader and solutions provider for nearly 200 years. The firm serves the most discriminating and sophisticated individuals and institutions in its five business lines: Corporate Banking, Investment Management, Investor Services, M&A Advisory and Wealth Management. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized by design.

  BBH’s Investor Services business provides cross-border custody, accounting, administration and execution services in close to 100 markets for many of the world’s leading asset managers and financial institutions. With approximately $3.3 trillion in assets under custody and administration1, BBH is consistently ranked among the world's top global custodians, asset administrators, foreign exchange, and securities lending providers.2

  BBH operates a global business with seventeen locations, including Beijing, Boston, Charlotte, Chicago, Denver, Dublin, Grand Cayman, Hong Kong, Kraków, London, Luxembourg, New Jersey, New York, Philadelphia, Tokyo, Wilmington and Zürich. For more information about Brown Brothers Harriman’s integrated and differentiated approach, please visit www.bbh.com.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE