Hello fellow monkeys,
I am looking into BBH, and would appreciate any insight on their firm. The vast majority of the BBH threads are quite dated and do not have a ton of information.
I have a call coming up with a friend of a friend and that they may be offering some services that interest me. I believe they do some M&A, and work closely with the firms PE arm, but there seems to be minimal information about their overall IBD presence and role.
Any information would be much appreciated.
I think they do little, if any IBD/advisory work.
They do a lot of custodial work for PE/HF/AM, that's their bread and butter (~80% of revenue). They also have a private bank that accounts for pretty much all the rest; not sure how much in-house Asset Management/investment they do.
Awesome, thanks for letting me know
Hey, I literally just got out of a super day with BBH. If you are looking to do IB, you are at the wrong place. Their corporate advisory team does not take interns....so you immediately default to PWM, PE, or some form of commercial banking for the summer.
Brown Brothers is traditionally a Private Bank. It comes from old money so naturally, the partners who have inherited their places from those who came before them can easily be described as risk averse. So, seems like they pivoted the business to a back office custodial firm, as someone mentioned above, and they mostly focus on a niche business similar to BNY.
But the PB still stands to this day. In that company under the umbrella, there's Private Equity, Merchant Banking, an Advisory practice, and Private Wealth Management. I'm not an expert, but I think they all sort of work in some sort of collusion to cater to very wealthy individuals. These would be small to mid-size business owners like commodities dealers and brokers, or retailers, for example. I think the PWM takes deposits and then they're spread into private loans and merchant financing. I don't know what buyout or sponsor deal flow is like there, but I suspect the heavy lifting for analysts is really in lending. The team is so lean that the analysts typically work on any advisory mandates, lending, and deal financing (which is mostly debt).
Another arm under the overhead is their Investment Management team. From what I understand, IM at Brown Brothers is just a group that essentially manages several ETFs. The ER team has very specific protocols to present investment ideas, there's a portfolio committee that approves any idea, and then they have a team that executes the strategy. The investors are PWM folks and the offerings are just the ETF for whatever the specific makeup of that ETF and what it consists of at that time.
Essentially, they operate in low-risk business dealings, with growth towards the custodial and Investor Services side. If you have nothing else take it, but don't be flattered into thinking it's the bees' knees.
Would this make sense for a second-year summer internship?
I interviewed at BBH during my second year in business school. The role was for their investment management team, working on a team that researched long-only equity managers and subsequently allocating client capital to various managers. Pretty boring stuff to be honest. I don't know what other options you are considering, but I would not recommend it as you don't learn much, and it does not lead to great exit opps.
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Thoughts on BBH Brown Brothers Harriman (Originally Posted: 01/11/2018)
Hello! Anyone knows BBH? Brown Brothers Harriman? Their Private Banking is pretty good. But how about their asset management and private equity business? How is their name in this industry??? Thanks.
MmeM, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
Or maybe the following users have something to say: Nimisha-Nidhi Andres-Martinez12 adamarms
If those topics were completely useless, don't blame me, blame my programmers...
BBH Private Equity Arm (Originally Posted: 01/13/2018)
Hey guys, any thoughts on BBH Brown Brothers Harriman's PE arm? BBH Capital Partners? Size, Culture, and name in the Street. Thanks.
Hi MmeM, any of these discussions helpful:
No promises, but sometimes if we mention a user, they will share their wisdom: masters rayrayz @Gloria Ranjie-Long1"
Fingers crossed that one of those helps you.
2nd round at BBH (Originally Posted: 03/25/2007)
Anyone have any experience and or tips for a 2nd round interview at BBH in Boston?
What position are you interviewing for? Ops?
yeah in the corp actions dept
BBH internship interview for healthcare division within corporate lending. (Originally Posted: 04/08/2015)
Hello, Any advice for an upcoming interview for a summer internship position at Brown Brothers Harriman. Interview is with head of healthcare division within corporate lending. What type of corporate lending questions will I be looking at apart from the basic interview questions?
update- 50 min interview. first 25min " walk me through your resume" next 15 min " Tell me a time when you use analytical skills to solve a problem" ect. Last 10min I got to ask questions.
Any views on their PE group? Looks like they just raised a $1.0 B fund focusing on Growth / Buyout? Sounds interesting, but not much out there. Curious what comp / WLB would be at such a group.
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