December XXX – Brown Brothers Harriman (BBH), a leading global ETF custodian and administrator, has been selected by Brown Advisory to provide Custody and Transfer Agency services for its first ETF, the Brown Advisory Flexible Equity ETF (NASDAQ:BAFE).  

“We value BBH as a long-time service provider and partner. It was clear in our early discussions that BBH would provide tremendous value as the custodian for our first ETF,” said Chris Bartlett, Global Head of Institutional Business at Brown Advisory. “Their collaborative approach has helped us navigate the path to a successful launch.”

The global active ETF industry reached a milestone of $1.07 trillion assets¹
this year. Active ETFs provide multiple benefits, including tax efficiency, transparency, liquidity, and ease of access. With active ETFs holding only 8% of the current market share, there is a strong opportunity for growth over the long term².

“We’re proud to have been selected by Brown Advisory as they embark on the important milestone of launching their first active ETF,” said Tim Huver, Managing Director for ETF Services at BBH. “This expansion of our longstanding relationship is testament to our team’s deep expertise, and we’re thrilled to partner on their future goals for growth.”

Brown Advisory

Brown Advisory is an independent investment management and strategic advisory firm committed to providing its clients witha combination of investment performance, strategic advice and the highest level of service. Brown Advisory has been a private and independent firm since 1998. Today, the firm has more than 900 colleagues – each with an equity interest – serving private clients and institutions in over 40 countries from 18 offices globally and is responsible for approximately US$170 billion in assets for private and institutional clients and charities as of November 29, 2024. The firm’s colleague equity ownership, experienced investment professionals and client-first culture help to make a material difference in the lives of its clients.

About Brown Brothers Harriman Investor Services

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 serve clients and their investments in over 90 markets across BBH’s 18 offices. 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.