Strategy

Brown Brothers Harriman Bolsters Trust Offering

Vanessa Doctor 20 May 2010

Brown Brothers Harriman Bolsters Trust Offering

Brown Brothers Harriman Trust Company of Delaware National Association has simultaneously announced the introduction of fiduciary services from its Wilmington, Delaware and Philadelphia, Pennsylvania offices and the appointment of a new president.

William Levy, previously the regional trust head of the Philadelphia office, is the new president of the Brown Brothers Harriman Trust Company of Delaware NA, responsible for overseeing all trust and estate administration, as well as working with clients on estate, financial and charitable planning. He will be based in Wilmington and report to board chairman John Gehret.

The news came hand-in-hand with the opening of new services at two of its branches, including the administration of personal and charitable trusts which the firm will offer to clients under its Investment & Wealth Management unit. Individual and institutional clients will also benefit from the provision of Delaware Statutory Trusts, the firm said.

Under Levy will be a team of trust administration, planning and law specialists which includes S Thomas Davidson as senior trust officer, Sarah Heimbach as trust officer, and Karen Ambrosine as trust administrator. Davidson was most recently the trust counsel and senior trust officer for Wilmington Trust, Heimbach joins the Wilmington branch from Brown Brothers' Texas office where she was vice president and director, while Ambrosine comes from Delaware Trust where she was VP and trust administrator.

BBH is a privately-held financial institution that specializes in investor services, banking and advisory, and investment and wealth management and has offices in New York, Boston, Charlotte, Chicago, and Delaware. For non-US clients, it offers trust services via its Cayman office.

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