Brown Brothers Harriman (BBH) has appointed its current CIO and head of systems Michael McGovern as head of its investor services FinTech offerings.
In the newly created position, McGovern will be responsible for BBH’s FinTech offerings, which include middle-office services, BBH Infomediary and software-as-a-service technology solutions for asset managers and financial institutions.
According to BBH, McGovern’s appointment will unite the firm’s suite of data and technology offering, where he will focus on data strategy and client information delivery channels.
"Many asset managers target the middle-office to reduce cost and increase analytic value, and there are clear efficiencies to be gained in this area,” said Geoffrey Cook, partner responsible for BBH FinTech.
“Mike's experience applying information technology across the borders of front, middle, and back-offices is rare and differentiated. It's the kind of competence our forward-thinking clients can put to use with today's new and emerging technologies.”
McGovern initially joined BBH in 2013 having spent over 14 years at Citi where he served as global technology head for securities and fund services.
Prior to this he also spent nearly eight years as data management technology head at JP Morgan.
"BBH's focus on asset managers and financial institutions means that a lot of what we develop for ourselves to achieve efficient, scalable, and compliant cross-border operations is directly relevant to clients,” said McGovern.
“This is a great time and a great opportunity to help clients achieve their strategic objectives with digital and data solutions."
BBH has also revealed managing directors Brian Condon and Lorrie Gordon will succeed McGovern as co-heads of technology.
Condon joined BBH in 2016 from JP Morgan where he held positions including chief technology officer of the bank’s global funds services business.
Gordon has been with BBH since 1994 and has held roles as chief development officer and global head of BBH Infomediary.