Brown Brothers Harriman (BBH), the oldest and largest privately owned bank in America, has turned to SAS Institute, the leading provider of business intelligence software, to provide its clients with the most sophisticated method for determining a strategic asset allocation under variable conditions whilst at the same time providing risk management and investment guidance.
SALSASM, short for Stochastic Asset Liability Strategy Analysis, relies on SAS' solutions to power its sophisticated reporting and analytical capabilities. It 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 analyse 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."
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 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 http://www.bbh.com or http://www.salsa.bbh.com
SAS provides software and services that enable customers to transform data from all areas of their business into intelligence. SAS solutions help organisations make better, more informed decisions and maximise customer, supplier, and organisational relationships. Solutions from SAS, the world's largest privately held software company, are used at more than 37,000 business, government and university sites around the world. Customers include 98 of the Fortune 100 and 90 percent of Fortune 500 companies. For 25 years, SAS has been giving our customers The Power to Know(tm).
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