Charles Schwab Investment Management has expanded its relationship with Brown Brothers Harriman & Co., to include additional mandates for global custody and securities lending services for the Schwab Funds, one of the largest US mutual fund companies.
Operating from a single technology platform, BBH will provide the Schwab Funds integrated services, with access to over 90 markets offered through BBH’s extensive network of subcustodian banks.
“BBH has provided the Schwab Funds with excellent custody and securities lending services and has demonstrated that it continues to be a leading edge provider of these services in our industry,” said George Pereira, Chief Financial Officer of Charles Schwab Investment Management. “We are happy to be expanding our relationship with them.”