Director of Investment Advisory and Client Portfolio Management

Location: New York

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships.  We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

Brown Brothers Harriman (BBH) is currently recruiting an experienced professional to join as Head of Client Portfolio Management & Strategy, which is part of the Investment Research Group (IRG). IRG is broadly responsible for asset allocation, portfolio construction, manager selection and monitoring, risk management, and other investment decisions on behalf of BBH Capital Partners, which manages approximately $60 billion in Multi-Family Office (MFO) assets.

IRG is also responsible for helping our Capital Partner Relationship Managers and clients implement our investment best thinking.

The IRG Client Portfolio Management & Strategy Team is a recently created group within IRG that is focused on serving as a liaison between the front office and IRG to ensure our best investment thinking is customized and implemented on behalf of our clients. The Client Portfolio Management & Strategy Team works closely with
1) the Investment Research Team (within IRG), keeping abreast of manager and market updates;
2) the Relationship Managers to ensure that the appropriate investment oversight and implementation is provided to our clients; and
3) the Investment Operations & Analytics Team (within IRG), to ensure seamless creation and execution of IRG vehicles.

The Head of Client Portfolio Management & Strategy will possess broad expertise in investing across asset classes and portfolio management strategies, and in this role will be responsible for staying abreast of developments with all managers on the BBH investment platform as well as providing market and macroeconomic updates to IRG. The Head of Client Portfolio Management & Strategy will also interact with existing and potential clients as an investment representative from IRG, perform and oversee ad hoc investment analyses as requested by clients, and provide oversight of clients’ asset allocation and portfolio construction in conjunction with the clients’ Relationship Manager.

The Head of Client Portfolio Management & Strategy will help to build out, and manage, a small team of regional Client Portfolio Management & Strategy team members who will be located in various regional offices providing on-the-ground support to Relationship Managers and clients. The position is expected to have 4-5 direct reports to provide executional and analytical support within the next 1-2 years.
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* Key responsibilities include:

**** 1. Portfolio Analysis & Monitoring
*** Serve as an IRG investment expert for BBH’s taxable and non-taxable clients. Participate in client meetings, as appropriate, and prepare summary memos documenting meeting discussions and key takeaways;
Ensure that all deliverables are met on a timely basis.
* Develop and implement client portfolio analytical frameworks to assist Relationship Managers in investment decision making, including private equity modeling, portfolio look-throughs, capital gains and other tax information, etc.
* Work with the IRG Investment Team to stay abreast of manager developments and be able to speak to clients about performance, themes, opportunity set, and individual manager holdings.
* Take the lead on monitoring managers that are in client portfolios, but which are not covered by the Investment Research Team. Examples may include legacy private equity investment and hedge funds, individual public securities that have been distributed by venture capital funds, etc.
* Produce timely thought pieces to address frequently asked client questions.
* Actively engage in IRG investment discussions and decision-making processes.
** 2. Reporting & Relationship Management
*** Create client-specific materials and reports as needed.
* Respond to front office inquiries and data requests.
* Draft communications for relationship teams including, but not limited to: 1-pagers that…