Bank of America Merrill Lynch Expands CashPro® Invest to Europe
September 23 2015 - 9:00AM
Business Wire
Online Portal Feature Supports Global Liquidity
Investment Solutions Clients
CashPro® Invest, an online liquidity management and investment
order entry tool, is now available for use by Bank of America
Merrill Lynch clients in Europe.
CashPro Invest is fully integrated with CashPro Online, BofA
Merrill’s corporate banking portal. CashPro Invest offers
investment execution and extensive research and reporting
capabilities for money market mutual funds, the primary investment
product solution for daily liquidity needs. With CashPro Invest,
clients are able to:
- View investment account balances.
- Research and compare money market
mutual funds.
- View and download transaction history
and other reports.
- Customize controls to support company
investment policy.
In addition, clients in Europe are able to enter investment
orders for money market funds across currencies.
“The addition of CashPro Invest to our CashPro Online portal is
an important enhancement for our clients in the region,” said
Jennifer Boussuge, head of Global Transaction Services for Europe,
the Middle East and Africa at BofA Merrill. “Now, it is easier and
simpler for our clients to stay connected with us for making their
routine transactions, checking and analyzing their transaction
history, and doing research to help develop strategy for future
transactions.”
CashPro Invest is primarily used by clients of BofA Merrill’s
Global Liquidity Investment Solutions (GLIS) group, a team of
highly experienced, consultative investment specialists who can
provide end-to-end liquidity and investment solutions. The GLIS
team recently expanded into Europe with the opening of an office in
London.
“Through CashPro Invest, our clients in Europe can now more
easily execute investment orders, using the same sign-in and
navigation they already are familiar with using CashPro Online,”
said Greg Kavanaugh, head of Global Core Cash Management at BofA
Merrill. “With this service, our clients have the critical, timely
information they need to manage their investment decisions, and a
streamlined process to place current- or future-dated orders.”
The geographic expansion is the first since BofA Merrill
developed and introduced CashPro Invest in the United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20150923005018/en/
Reporters May Contact:Will Wilson, Bank of America Merrill
Lynch, 1.980.388.3360will.wilson@bankofamerica.comMegan Pearson,
Bank of America Merrill Lynch,
44.02079956977megan.n.pearson@baml.com
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