Brown Brothers Harriman Finds Profitable Investments With SAS.

Business Editors/High Tech Writers

CARY, N.C.--(BUSINESS WIRE)--Feb. 11, 2002

Brown Brothers Harriman (BBH), the oldest and largest privately owned bank in America, has turned to SAS, the leading provider of business intelligence software, to develop its exclusive online reporting and analytics module of SALSA(SM).

This unique investment asset allocation service relies on SAS' Enterprise Guide(R) and SAS/IntrNet(R) solutions to power its sophisticated reporting and analytical capabilities and distinguish itself from its competitors.

Short for Stochastic Asset Liability Strategy Analysis, the SALSA service was developed to meet the investment demands of insurance companies and other institutional clients. Insurance clients have complicated investment strategies because the inflows and outflows of money are unpredictable, especially in a volatile marketplace. Dynamic Financial Analysis (DFA) is used to measure the impact of this cash flow volatility under various economic conditions by exploring a combination of risk factors and "what if" scenarios. But the data generated by this process is often too voluminous and complex to understand completely.

With the help of SAS(R) software, the SALSA service has moved BBH one step beyond DFA, the industry standard. Brown Brothers Harriman gives its clients the most sophisticated method for determining a strategic asset allocation under variable conditions while providing risk management and investment guidance.

"DFA generates tons of data, and SAS provides the perfect tool to pull intelligence out of all this data," said Carl Terzer, senior vice president of marketing at BBH. "It allows us to analyze hundreds of scenarios, taking into account factors both inside and outside the company to give our clients a basis for making informed investment decisions. The output we get using SAS enables us to show our technological leadership and provide our clients with unparalleled and actionable results."

"The time savings with SAS has been a great return on investment," said Raghu Ramachandran, BBH's senior portfolio strategist. "We needed a product that could handle a huge amount of data, was scalable and programmable, and could deliver results over the Internet. We chose SAS, and now we can do more in-depth analysis faster and cheaper than ever before. What takes our competitors days to do, we can do in just hours."

About BBH

Established in 1818, Brown Brothers Harriman & Co. (BBH) is the oldest and largest privately owned bank in the United States. BBH offers clients a range of financial services, including investment management, brokerage, custody of securities, banking, corporate finance and trust services. BBH provides investment management for over $38 billion in clients assets offering Domestic and International Equity, Fixed Income, Municipal Bond, High Yield and Alternative Investments. By combining entrepreneurial thinking, innovative technology and unmatched client service, BBH consistently ranks among the top asset managers. For more information on BBH's unique integrated approach, please visit www.bbh.com or http://salsa.bbh.com/.

About SAS

SAS provides software and services that enable customers to transform data from all areas of their business into intelligence. SAS solutions help organizations make better, more informed decisions and maximize customer, supplier, and organizational relationships. Solutions from SAS, the world's largest privately held software company, are used at more than 38,000 business, government and university sites around the world. Ninety-nine of the top 100 companies on the Fortune 500 - and 90 percent of the Fortune 500 overall - rely on SAS. For 25 years, SAS has been giving our customers The Power to Know(TM). For more information, visit http://www.sas.com.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. (R) indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright(c) 2002 SAS Institute Inc. Cary, NC, USA.