Brown Brothers Harriman (BBH) Global Securities Lending today announced that it has entered into agreements to provide lending services to asset management firms ING Pilgrim Group, Nicholas Applegate Capital Management and Pioneer Investment Management, Inc.
BBH will provide securities lending to Boston-based Pioneer Investment Management, Inc., in addition to its present services, global custody and foreign exchange. ING Pilgrim Group, based in Scottsdale, Arizona, and Nicholas Applegate, based in San Diego, California, will also be serviced by BBH securities lending. Both fund groups currently utilize BBH’s custody, foreign exchange and accounting capabilities.
“We believe BBH Securities Lending offers a compelling proposition by providing our clients with customized securities lending solutions. We place a high degree of emphasis on developing strategic partnerships with our clients. Through the utilization of our product expertise, we tailor lending alternatives that optimize the performance of our client’s unique portfolio,” said Christine Donovan, managing director at BBH. “In addition to expanding our program internationally and independent of BBH’s custody offering, we will continue to develop new client relationships by offering integrated solutions to existing BBH custody clients.”