Source: Brown Brothers Harriman
Brown Brothers Harriman is pleased to introduce the firm's securities lending mobile application for the iPhone® and BlackBerry® smartphones. Among other critical information, the application will provide immediate access to program revenues, loan balances, and loan distribution by borrower, along with the latest market news and information about how market developments are affecting securities lending revenues.
"Recent market events and ongoing market volatility have intensified our clients' need for immediate access to financial information," says Chris Donovan, Head of Global Securities Lending for BBH. "At a moment's notice, clients want to know what securities they have out on loan, their loan exposure to any institution, and how a market event is affecting their portfolio.
"While clients can currently access detailed program information via the web, our fully integrated mobile application is an extremely effective mechanism for accessing the information quickly and efficiently," continues Donovan.
The "BBH GSL" mobile application is the latest enhancement to BBH's reporting suite. The firm recently modified its securities lending reporting platform to deliver enhanced information delivery services that can be tailored to each user, and is planning additional updates in the year ahead.
In recognition of the firm's commitment to providing a differentiated and innovative program offering, BBH received aiCIO's Industry Innovation Award for Securities Lending in October 2010.