Brown Brothers Harriman & Co.
The Brown Brothers Harriman & Co. (BBH) web site states that it "is the oldest and largest partnership bank in America" with $3 billion in assets under management.
"The company dates back to 1818, when founder Alexander Brown started an import and export business that later became an investment banking company known as Brown Brothers and Company In 1931, the company merged with the railroad-owning Harriman family and once again shifted its financial focus, this time to the commercial banking and investment advisory services that it provides today."
BBH's legal structure
"BBH is a partner-owned and partner-managed business, making all partners liable for BBH's obligations. Despite its large-scale business and 16 offices worldwide, BBH prides itself on its personalized client relations, and on its commitment to serving select, affluent institutions, businesses, and individuals. Subsidiary companies include Brown Brothers Harriman Investment Management Ltd. and Brown Brothers Harriman Trust Company."
According to Hoovers Online, "Brown Brothers Harriman is one of the largest, most prestigious private banks in the US. Each of its some 40 partners has unlimited liability; the bank, a private partnership, is not insured by the Federal Deposit Insurance Corporation (FDIC). The company provides investment management, brokerage, banking, mutual funds, and trust services to financial institutions, corporations, and well-off families and individuals around the world. It also performs merger and acquisition advisory, securities lending, foreign exchange, and corporate financing services."
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New York, NY 10005