Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to its data management services for fund operations.
The firm writes that, powered by BBH’s data integration and connectivity engine Infomediary, the service involves the curation of fund holdings data, which can be leveraged as part of multiple fund output publications, including regulated fund disclosures.
The curated data, which involves ingesting, transforming, and aggregating disparate data and optimising it for distribution, has resulted in greater efficiencies, enhanced risk mitigation and transparency, and improved consistency across AB’s outputs, the firm says.
“Having easy access to high-quality fund holdings data that can be leveraged in our fund reporting is critical for us to evolve our business,” says Joe Mantineo, Head of Fund Administration at AB. “With BBH as our partner in this regard, we have consistent and reliable data to support these activities – data that is available on-demand and is customizable.”
BBH’s data management services can be configured to aggregate data across all administrators and third parties, enabling a provider-agnostic model that gives flexibility and interoperability to the asset manager. The authoritative data set has provided a doorway into other strategic areas in need of data transformation and oversight solutions and will lead to addressing additional use cases.
“Simply put, an asset manager’s ability to focus on the front office is limited by inconsistency and the burden of manual reviews and processes,” says Josh Fine, Co-Head of Infomediary Data Solutions at BBH. “Our work with AB demonstrates the value of addressing those issues with authoritative data sets. What started as a specific use case with fund disclosure documents, is now scaling to other use cases across fund operations.”
