Brown Brothers Technology Overhaul Will Lead To New Portfolio Systems


NEW YORK--Brown Brothers Harriman is poised to launch an ambitious top-to-bottom overhaul of its major investment systems that will take approximately two years. The project will lead to the closely held, private-banking company installing new systems for portfolio management, trade order management and reporting.

Currently, the bank's $30 billion asset management business has split its portfolio management function between Checkfree APL and Thomson Financial Services' Portia. Checkfree proce