Brown Brothers Harriman (BBH) has been appointed as sub-custodian to the $1bn (€1.18bn) SEI Global Master fund in Dublin.

The fund is a combination of SEI's manager of manager funds, which encompass 35 different managers. BBH won the mandate after a formal tendering process which involved several of its main rivals.

Brown Brothers Harriman wins $1bn custody mandate

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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