BBH Wins $25 Billion Mandate From SunTrust Bank Funds

Brown Brothers Harriman (BBH) today announced its appointment as international custodian for SunTrust Bank's STI Classic Funds. "The agreement with SunTrust is a key win for BBH," says Timothy J. Connelly, a BBH Partner. "This new relationship reflects our dedication

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Brown Brothers Harriman (BBH) today announced its appointment as international custodian for SunTrust Bank’s STI Classic Funds.

“The agreement with SunTrust is a key win for BBH,” says Timothy J. Connelly, a BBH Partner. “This new relationship reflects our dedication to advancing client business objectives and to building lasting client partnerships – commitments we shall continue to uphold with our servicing of the STI Classic Funds.”

Managed by Trusco Capital Management, the STI Classic Funds have $25 billion in assets across 40 funds.

“BBH’s reputation in the industry and its strategic view of relationships truly separated the firm from the field of competitors,” explains Jeff Vogelbacker, Managing Director of Trusco Capital Management. “The bank has consistently demonstrated that its commitments to fund servicing and to client service are of the highest priority, and we look forward to enjoying an extended, mutually beneficial relationship.”

SunTrust Banks, headquartered in Atlanta, Georgia, is one of the largest commercial banking organizations in the US. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. Trusco Capital Management, Inc., also based in Atlanta, is an affiliate of SunTrust Banks, Inc., manages $45 billion in assets serves as the advisor to the STI Classic Funds which has $25 billion in assets across 40 funds.

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