BBH Launches 5 European Vanguard ETFs with Web Servicing Platform

View of the London Stock Exchange from above
Paternoster Square, London Stock Exchange

The ETFs, listed on the London Stock Exchange, will be backed by a newly-developed Authorized Participant Exchange.

US private bank Brown Brothers Harriman (BBH) has rolled out its Authorized Participant Exchange (Apex), a newly developed component of its web platform for exchange-traded fund (ETF) servicing that will automate workflow and redemption order processing between authorized participants, sponsors and BBH.

The bank launched several European exchange-traded fund (ETFs) listed on the London Stock Exchange and offered in partnership with Malvern, Penn.-based Vanguard, which has more than $200 billion in ETF assets under management.

The initial launch, which was initiated in May, includes five ETFs covering the FTSE 100, S&P 500, FTSE All-World, FTSE Emerging Markets, and UK government bond.

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