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BBH to service Lord Abbett’s Ucits funds
18 June 2014
BBH will provide services support for newly-launched range of Irish Ucits funds
Brown Brothers Harriman (BBH) has been selected to provide
service support for Lord Abbett's newly-launched range of Irish
The fixed-income fund range, which has been called Passport
Portfolios, consists of a duration-income fund,
strategic-income fund and a high-yield fund.
"[Lord Abbett's choice] came down to BBH's global enterprise
and their track record of successfully servicing Ucits products
for their clients," said Joan Binstock, partner and chief
operations officer at Lord Abbett.
"Europe continues to be an integral part of our strategy,"
said Seán Páircéir, partner at BBH.
"We look forward to supporting Lord Abbett in all facets of
their Ucits business."
The funds, which have surpassed $250m in inflows since their
launch in March, will be marketed first in the UK, Ireland,
Netherlands, Denmark, Finland and Norway. Other European
markets are expected to follow.
"The launch of our Ucits platform is an integral component
of our international growth strategy," Páircéir