1.
Before entering the banking business in 1818, in which of the following business(es) were the Brown Brothers involved? Choose ALL that apply
Correct Answer(s)
A. Irish linen
B. Cotton
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.
2.
What was Brown Brothers & Co.'s first location?
Correct Answer
C. pHiladelpHia
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?
Correct Answer
B. 1931
Explanation
Brown Brothers combine with two Harriman family firms to create Brown Brothers Harriman in 1931.
4.
In which city was Brown Brothers Harriman's first office outside the United States?
Correct Answer
B. Zurich
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.
5.
What was BBH Boston's first address?
Correct Answer
B. 63 State Street
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.
6.
Which of the following is NOT currently one of BBH's lines of business?
Correct Answer
D. Investment & Wealth Management
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.
7.
As of January 1, 2011, what was the approximate value (in USD) of BBH's assets under custody?
Correct Answer
D. 3 trillion
Explanation
The approximate value of BBH's assets under custody as of January 1, 2011, was 3 trillion USD.
8.
As of September 1, 2011, how many General Partners does BBH have?
Correct Answer
C. 41
Explanation
BBH has 41 active partners. BBH names any new partners in November and partnership becomes official in January of the following year.
9.
True or False? The Brown family once owned an ocean liner.
Correct Answer
A. True
Explanation
The Browns owned the Collins Cruise Line and in 1848 won a contract to transport U.S. mail between America and England.
10.
How many locations does BBH currently have?
Correct Answer
D. 16
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.