What's My BBH IQ?

1. True or False? The Brown family once owned an ocean liner.

True

False

The Browns owned the Collins Cruise Line and in 1848 won a contract to transport U.S. mail between America and England.

Explanation

The Browns owned the Collins Cruise Line and in 1848 won a contract to transport U.S. mail between America and England.

2. What was Brown Brothers & Co.'s first location?

New York

Boston

Philadelphia

Paris

Brown Brothers & Co. opened in Philadelphia in 1818. The New York office opened in 1825, followed by Boston in 1844.

Explanation

Brown Brothers & Co. opened in Philadelphia in 1818. The New York office opened in 1825, followed by Boston in 1844.

3. In what year did the Brown Brothers & Co. and two Harriman firms merge to create Brown Brothers Harriman?

1818

1931

1865

1920

Brown Brothers combine with two Harriman family firms to create Brown Brothers Harriman in 1931.

Explanation

Brown Brothers combine with two Harriman family firms to create Brown Brothers Harriman in 1931.

4. How many locations does BBH currently have?

14

13

15

16

As of September 1, 2011, BBH's locations include: Boston, New York, Philadelphia, Jersey City, Denver, Chicago, Charlotte, Wilmington, London, Dublin, Luxembourg, Zurich, Tokyo, Beijing, Hong Kong, and Grand Cayman.

Explanation

As of September 1, 2011, BBH's locations include: Boston, New York, Philadelphia, Jersey City, Denver, Chicago, Charlotte, Wilmington, London, Dublin, Luxembourg, Zurich, Tokyo, Beijing, Hong Kong, and Grand Cayman.

5. As of January 1, 2011, what was the approximate value (in USD) of BBH's assets under custody?

500 billion

1 trillion

2 trillion

3 trillion

The approximate value of BBH's assets under custody as of January 1, 2011, was 3 trillion USD.

Explanation

The approximate value of BBH's assets under custody as of January 1, 2011, was 3 trillion USD.

6. Before entering the banking business in 1818, in which of the following business(es) were the Brown Brothers involved? Choose ALL that apply

Irish linen

Cotton

The Pony Express

When Alexander Brown settled in Baltimore in 1800, he established an import export business between America and Europe. He and his four sons exchanged linen, tobacco, cotton, and other products. The Browns were never involved with the Pony Express.

Explanation

When Alexander Brown settled in Baltimore in 1800, he established an import export business between America and Europe. He and his four sons exchanged linen, tobacco, cotton, and other products. The Browns were never involved with the Pony Express.

Submit

7. As of September 1, 2011, how many General Partners does BBH have?

38

40

41

42

BBH has 41 active partners. BBH names any new partners in November and partnership becomes official in January of the following year.

Explanation

BBH has 41 active partners. BBH names any new partners in November and partnership becomes official in January of the following year.

8. What was BBH Boston's first address?

Blake Building

63 State Street

40 Water Street

10 Post Office Square

The Boston office has had used approximately ten Boston addresses since opening in 1844. BBH occupied 63 State State Street between 1844 and 1860.

Explanation

The Boston office has had used approximately ten Boston addresses since opening in 1844. BBH occupied 63 State State Street between 1844 and 1860.

9. In which city was Brown Brothers Harriman's first office outside the United States?

London

Zurich

Paris

Luxembourg

The Zurich office was opened in 1968. London did not open until six years later -- in 1974. The Paris office opened in 1979 and has since closed. Luxembourg opened in 1989.

Explanation

The Zurich office was opened in 1968. London did not open until six years later -- in 1974. The Paris office opened in 1979 and has since closed. Luxembourg opened in 1989.

10. Which of the following is NOT currently one of BBH's lines of business?

Investor Services

Banking & Advisory

Administration

Investment & Wealth Management

In 2011, BBH made a strategic decision to split Investment & Wealth Management into two separate business lines -- Investment Management and Wealth Management. BBH's Lines of Business also include: Investor Services, Banking & Advisory, Administration, Operations, and Systems.

Explanation

In 2011, BBH made a strategic decision to split Investment & Wealth Management into two separate business lines -- Investment Management and Wealth Management. BBH's Lines of Business also include: Investor Services, Banking & Advisory, Administration, Operations, and Systems.

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