State Street Corporation is to buy Brown Brothers Harriman’s (BBH) investor services business for $3.5bn (£2.54bn) in cash. The deal - which includes BBH's custody, fund administration, global markets and technology services businesses - is expected to complete by the end of this year subject to regulatory approvals. As of June 30, 2021, BBH Investor Services had $5.4T in assets under custody, adding to State Street's $31.9T in AUC. BOSTON--(BUSINESS WIRE)-- The offering is expected to close on September 14, 2021, subject to customary closing conditions. BBH Investor Services is a global asset servicer with a track record of exceptional client service and deep expertise in cross-border, alternatives, ETFs, and other high-growth asset classes. State Street Corp. agreed to buy Brown Brothers Harriman & Co. ’s investor-services business for $3.5 billion in cash, adding an operation that safeguards about $5.4 trillion in assets. State Street State Street Corp. has agreed to buy Brown Brothers Harriman & Co.’s investor-services business for $3.5 billion in cash, adding an operation that safeguards about $5.4 trillion … (2 minutes) State Street Corp. agreed to buy Brown Brothers Harriman & Co.’s investor-services unit for $3.5 billion in cash, a deal that expands the custody bank’s core business serving … (Photo: Mike Zenari/Archives Maison Moderne) State Street Corporation will pay $3.5 billion to buy the investor services … "State Street is the ideal partner - a firm that shares our core values of unmatched client service, integrity, trust, and a long-term commitment to sustainability." Upon the closing of the transaction, BBHIS employees will move to State Street. State Street Corp will buy investment bank Brown Brothers Harriman & Co's (BBH) investor services business for $3.5 billion in cash, the companies said in a statement on Tuesday. State Street acquires BBH Investor Services for $3.5bn | Citywire State Street to Buy Brown Brothers Unit for $3.5B - TheStreet