Boston, MA, February 18th, 2025 – Brown Brothers Harriman (BBH), the asset servicing provider for financial institutions and asset managers, announced today that it has partnered with Euroclear, the Brussels based international central securities depository (ICSD), to provide SWIFT message transformation and network connectivity for its new Bilateral Repo service.
To effectively communicate with custodians across inter-dealer markets, Euroclear is deploying BBH Infomediary Data Solutions (IDS), a set of data management capabilities that help financial institutions overcome their operating model challenges across their network of providers. The platform streamlines data transfers, standardizes information flows across providers, and enables flexible data connectivity. The tool insulates organizations from the distractions of multiple data sources, new data formats, and counterparty changes.
“We are delighted to partner with Euroclear on this initiative. A key objective of our strategy for financial institutions is to share our technology to deliver more effective operating models and enable product expansion. We are proud that BBH Infomediary Data Solutions is enabling Euroclear to do just that,” said Sinéad McIntosh, Managing Director for Financial Institutions at BBH.
“Euroclear is very pleased to work with BBH on this key market undertaking,” said Olivier Grimonpont, Euroclear’s Global Head of Market Liquidity. “Enabling Repo market participants' connectivity to multiple custodians is a key attribute of this new service and provides highly sought after depository diversification and resiliency. This launch is a key part of our business strategy focused on developing cutting edge solutions, working with the market to drive efficiencies for clients.”
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, foreign exchange, and securities lending. 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.
Learn more about Infomediary Data Solutions here.
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 and MFEX by Euroclear.
Brown Brothers Harriman & Co. (“BBH”) may be used to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries. This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. All trademarks and service marks included are the property of BBH or their respective owners. © Brown Brothers Harriman & Co. 2025. All rights reserved. IS-10476-2025-01-30
