BBH’s account opening API embraced by European fund platforms as Euroclear adopts the solution

March 31, 2025
  • Investor Services
Euroclear’s integration marks a milestone in the adoption of the API – now three major European fund distribution platforms are using the connectivity to automate submission of investor account opening instructions.

March 31, 2025 – Brown Brothers Harriman (BBH), a leading asset servicing provider for financial institutions and asset managers, is proud to announce the successful adoption of BBH’s account opening API by Euroclear, the Brussels-based international central securities depository (ICSD). APIs are application programming interfaces that allow different applications to communicate with each other.

Account opening requests and confirmations can now be sent electronically between BBH and Euroclear using the API, resulting in faster account opening times and a more scalable process for the platform. This reduces the time it takes to get money flowing into funds, giving the end investor faster speed-to-market, and an enhanced onboarding experience.

“We are creating a new standard for investor account-opening in an environment which has historically been manual” said Manuel Dienhart, BBH Transfer Agency Product Executive and Global Head of TA. “API account opening is a win-win for all parties and is changing the industry. We are delighted to see such rapid adoption of our solution.”

“This new connectivity with BBH enhances the investor experience by accelerating the account opening process,” said Vincent Clause, Global Head of FundsPlace Strategy and Product Development at Euroclear. “This development is part of our ongoing commitment to improve efficiencies for our clients by leveraging leading edge technology. After having successfully launched API solutions for orders placement, we are pleased that FundsPlace can take the next step with this API account opening with BBH.”

The API is one of many investments made by BBH to enhance the investor and distributor servicing experience and BBH’s technology experts are known for their ability to help their clients remove friction from their processes by enabling data connectivity between internal and third-party systems. More information on recently-released investments can be found here.

About Brown Brothers Harriman

Brown Brothers Harriman (BBH) is a global financial services firm known for premium service and specialist expertise. We have a 200-year track record helping clients innovate and navigate complex financial markets. Our 6,000 employees support our clients’ investments in over 90 markets from 18 offices globally. As a private partnership, we are uniquely built to put clients first and create success that lasts.

BBH Investor Services is a leading provider of asset servicing and operating model solutions to global asset managers and financial institutions. Our asset servicing solutions include custody, global tax services, depositary and trustee, accounting, administration, transfer agency, and foreign exchange. Our operating model solutions solve platform, data, and connectivity challenges across open-architecture operating models. We support our clients’ growth, enhance operational efficiency and resiliency, and streamline reporting and oversight.
 

About Euroclear

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International.

 

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