Brown Brothers Harriman (BBH) has appointed Chris Michel as its first head of diversity & inclusion. Based in New York he reports to Partner Kathryn George. He joined BBH from American International Group (AIG) where he served as senior director of diversity & inclusion for EMEA & the Americas and helped build a global diversity and inclusion programme. Prior to AIG, he was director of diversity & inclusion at the United States Tennis Association where he was responsible for executing the organization’s strategic diversity plan. Previously, he was responsible for supplier diversity initiatives at Merrill Lynch.
A day earlier BBH reported news of the industry’s first STP straight-through-processing interface to CME Clearing’s Collateral Connect messaging protocol, the BBH Cleared Derivatives Collateral Management platform (BBH-CDCM).
“This launch is an important next step as we continue to enhance client offerings,” said Frank Perrone, Head of the BBH FCM (Futures Commission Merchants) and Derivatives Settlement Banking Group. “Now more than ever, our FCM clients have expressed a need for new solutions to help them navigate new regulations and changing market dynamics, all while being responsive to increased demand for high-quality collateral, reduced costs and improved risk management controls. BBH-CDCM will help our FCM clients remain competitive with cost effective technology options that offer STP, aid in risk management, and accommodate evolving regulatory reporting practices.”