BBH Mints Fintech Head
Brown Brothers Harriman has appointed Michael McGovern to head its Investor Services Fintech Offerings, company officials announced today, July 5.
McGovern, who most recently was the firm’s chief information officer and head of systems, will focus on data strategy and client information delivery channels – two areas that asset managers and financial institutions have increasingly looked to leverage for revenue generation, cost control, and product enhancements.
Managing directors Brian Condon and Lorrie Gordon have been appointed co-heads of technology for the firm. Condon joined BBH from J.P. Morgan in 2016, where held numerous positions including CTO of the bank’s Global funds services business, and managing director and head of product development & product solutions for the Custody & Funds Services Business. Gordon joined BBH in 1994. She has held various leadership positions in Europe and the U.S., including chief development officer and global head of BBH’s Infomediary business line.
“Many asset managers target the middle office to reduce cost and increase analytic value, and there are clear efficiencies to be gained in this area,” said Geoffrey Cook, Partner responsible for BBH Fintech. “But if the real objective is transformation, asset managers will want to go beyond an organizational construct that was developed before automation and big data. Mike’s experience applying information technology across the borders of front, middle, and back offices is rare and differentiated. It’s the kind of competence our forward-thinking clients can put to use with today’s new and emerging technologies.”
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