State Street to buy Brown Brothers Harriman for US$3.5 billion

8 September 2021 | 3 minutes read

State Street Corporaton Wednesday said it will buy Brown Brothers Harriman & Co. for US$3.5 billion in cash in a deal likely to help America’s second-oldest bank to bolster its presence in Asia, especially in the private banking industry. The deal, expected to be concluded by year-end, will see the manager of US$3.9 trillion in AUM acquire BBH’s investor services…

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