David Bilbe, the SVP who is the public face of institutional custody sales at State Stteet Bank & Trust Company in London, is joining Brown Brothers Harriman as Managing Director of Investor Services. Unlike State Street, BBH is not seeking pension fund business in Europe, so it will be a new role for Bilbe. Indications are that he will be marketing to fund managers in the United Kingdom and to the fund management arms of the Scandinavian universal banks, as well as fulfilling the broader role of relationship and marketing figurehead. One of his responsibilities will be to ensure the alliances designed to add enhanced performance measurement and reporting capabilities to the BBH product portfolio work smoothly.
“David has a proven track record of successfully developing solutions for large asset managers and banks, and he understands the global needs of our client base thoroughly. He is a champion and advocate of excellent service delivery and his experience in the local market will consolidate our recent growth in servicing UK fund managers.”
BBH London services clients throughout Europe and the Middle East for a varying array of products ranging from fund servicing to integrated global custody and brokerage. On his appointment David Bilb said, “I am extremely excited about taking up the post at BBH, it is a great privilege to work with such a group of talented individuals in a firm that I have admired for a number of years. I hope to have a major impact on the development of the London office and to play a key role as a member of the BBH team.”
Since inception in 1974 the London office has grown to become an important European hub for BBH, servicing clients’ Custody, Equity Brokerage and Research, Securities Lending and Foreign Exchange needs. BBH also maintains European servicing centers in Dublin, Luxembourg and Zurich.
Bilb spent the last seven years at State Street Bank & Trust Company, where he served as Managing Director covering the UK, Middle East, Netherlands and Scandinavia. Prior to his time at State Street, he was assistant general manager of Chase Manhattan Bank, a board member of the London Stock Exchange and Managing Director of Chemical Bank.