The France Growth Fund has extended its relationship with Brown Brothers Harriman to include fund administration as well as custody and fund accounting. The fund cited the ability of the Boston-based bank to integrate its custodial and administrative functions as key to the decision.
“The benefits from consolidating operations coupled with BBH’s renowned excellence in client service and value-added technology solutions made BBH the natural choice to fulfill our fund administration needs,” says Pierre Daviron, President and Chief Investment Officer of The France Growth Fund. “We have enjoyed a very successful custody and accounting relationship with BBH and look forward to the next phase of our relationship with BBH.”
BBH will service the fund out of Boston and will be responsible for $100 million in assets. The appointment is an extension of a long-standing relationship between the two firms. BBH has acted as custodian and fund accounting provider since the fund’s inception in 1990.
“We are pleased that France Growth Fund has decided to expand its long-standing relationship with BBH to include fund administration services,” says Tim Connelly, BBH Partner. “BBH places a high degree of emphasis on developing strategic partnerships with clients to better understand their business objectives and successfully meet their individual needs. We look forward to playing an even more integral role in assuring France Growth Fund’s continued success.”
The France Growth Fund is a closed-end, diversified management investment company invested primarily in French equities.