Brown Brothers Harriman Appoints James Kent as Head of Investor Services for U.S. and W. Casey Gildea as New Managing Director in Luxembourg.

Business Editors

BOSTON--(BUSINESS WIRE)--April 2, 2001

Brown Brothers Harriman (BBH) is pleased to announce that Mr. James Kent has been appointed Managing Director of the Firm and as of March 1, 2001, has returned to the Boston office from Luxembourg to assume responsibility for Investor Services U.S. Kristen Giarrusso, Partner in charge of Investor Services in the U.S., will turn over daily responsibility to Mr. Kent while retaining overall oversight. In other appointments, Mr. W. Casey Gildea has relocated from Boston to BBH's Luxembourg office to serve as Managing Director in charge of its Client Service Group.

James R. Kent began his career at Brown Brothers Harriman in December 1991 as a relationship manager in Investor Services Relationship Management & Marketing in Boston, after having spent the previous five years with the Bank of Boston as senior administrative manager of Institutional Custody. During his first six years at BBH, he played a dual role, managing the relationships of the firm's largest Investor Services clients, and leading the sales and marketing efforts in the U.S. In May of 1998 he became the Managing Director of BBH Luxembourg, overseeing the growth of the office from $14.5 billion in assets under custody to the current $87 billion.

Mr. Gildea has worked for Brown Brothers Harriman since 1990 and was previously responsible for the Relationship Management Department, overseeing U.S. mutual fund complexes for which the Firm provides global custody, accounting, administration, securities lending, brokerage and treasury services. He also has operations experience within the Investor Services Division. Prior to joining BBH, Mr. Gildea was employed in the Mutual Funds Division of State Street Corporation.

About BBH

A global leader with 180 years of experience, Brown Brothers Harriman (BBH) assists many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies achieve their international business objectives. BBH provides specialist services and innovative solutions to clients in 102 markets for custody, accounting, administration, securities lending, foreign exchange and brokerage services. Combining entrepreneurial thinking, innovative technology and unmatched client service, BBH is consistently ranked among the world's top global custodians and maintains a presence in each of the principal financial centers around the globe. For more information on BBH's unique integrated approach, please visit www.bbh.com.