Brown Brothers Technology Overhaul Will Lead To New Portfolio Systems

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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 processes

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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