Coral Gables Trust Company announces strategic alliance with industry leader Brown Brothers Harriman

Clients gain access to proven high-quality investment management services

Coral Gables Trust Company, the first, new independent trust company to be formed in South Florida in recent years, has entered into a strategic alliance with Brown Brothers Harriman, a New York-based investment firm managing in excess of $38 billion of assets with Florida offices located in Palm Beach and Naples. "This is an important alliance," said Dean Klevan, President and CEO of the Coral Gables Financial Corporation, the holding company for the Coral Gables Trust Company. "Brown Brothers Harriman is one of the most respected names in the financial services industry. Their willingness to enter into this strategic alliance during the early stages of our formation is a real endorsement of our strategy."

Under the terms of the agreement, Brown Brothers Harriman will provide fixed income investment management services to the Coral Gables Trust Company and its clients, customized investment management (including private equity and hedge funds), and fiduciary services as well as access to external economic, financial market and fiduciary commentaries.

"This alliance will allow clients of Coral Gables Trust Company to gain immediate access to high quality investment management services, a proven track record of performance, as well as customized investment management services not otherwise available to them," added Willard Wheeler, Jr., a Coral Gables Trust Company Director and former Vice Chairman and Chief Investment Officer of Northern Trust Bank of Florida.

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2121 Ponce de Leon Blvd., S uite 720
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Contact:Dolores Fernandez
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