BofA Merrill Wins Eight Global and Regional Industry Awards for Transaction Banking Innovation and Excellence
January 28 2015 - 10:14AM
Business Wire
From the Americas to Asia-Pacific, Recognition
Includes Award for the Best Card Solution
Bank of America Merrill Lynch was recently named winner of eight
awards by financial trade publication, “Treasury Management
International (TMI),” in its annual Awards for Innovation &
Excellence in Treasury.
Topping the recognition list for the firm’s Global Transaction
Services (GTS) business were Global Bank of the Year for Cash &
Liquidity Management and Global Bank of the Year for Financial
Supply Chain Management. Both awards highlighted global excellence
in each business line, alongside regional awards for:
- Best Bank for Cash & Liquidity
Management – North America
- Best Bank for Cash & Liquidity
Management – South America
- Best Bank for Payments & Collection
– North America
- Best Bank for Payments & Collection
– India
- Best Bank for Financial Supply Chain
Management – Asia Pacific (excl. China)
The magazine also acknowledged the success of BofA Merrill’s
commercial card solution, Travel Pro, that aims to revolutionize
how companies manage their business travel expenditure. For this
innovation, the firm was awarded Best Card Solution in the
magazine’s Technology Innovation Awards.
“We are honored to receive this recognition from TMI,” said Paul
Donofrio, head of Global Corporate Credit and Transaction Banking
at BofA Merrill. “It’s a testament to the strength and diversity of
our treasury solutions that this top-tier publication has
recognized the firm’s excellence across cash, liquidity, payments
and supply chain finance. We look forward to replicating similar
successes in 2015, helping our clients manage and improve their
treasury practices globally.”
Helen Sanders, editor, TMI, adds, “Bank of America Merrill
Lynch’s success in this year’s TMI awards reflects the remarkable
progress the bank continues to make across the globe in offering
comprehensive, robust and client-centric solutions across cash and
working capital management. We were particularly impressed by the
bank’s ability to devise and deliver cohesive regional and global
solutions whilst remaining sensitive to the regulatory and cultural
needs in each country, and the specific challenges of each customer
organization.”
Bank of AmericaBank of America is one of the world's largest
financial institutions, serving individual consumers, small- and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
48 million consumer and small business relationships with
approximately 4,800 retail banking offices and approximately 15,800
ATMs and award-winning online banking with 31 million active users
and approximately 17 million mobile users. Bank of America is among
the world's leading wealth management companies and is a global
leader in corporate and investment banking and trading across a
broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America
offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations in more than 40 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
Bank of America Merrill Lynch is the marketing name for the
global banking and global markets businesses of Bank of America
Corporation. Lending, derivatives, and other commercial banking
activities are performed globally by banking affiliates of Bank of
America Corporation, including Bank of America, N.A., member FDIC.
Securities, strategic advisory, and other investment banking
activities are performed globally by investment banking affiliates
of Bank of America Corporation (“Investment Banking Affiliates”),
including, in the United States, Merrill Lynch, Pierce, Fenner
& Smith Incorporated, which is a registered broker-dealer and a
member of FINRA and SIPC, and, in other jurisdictions, locally
registered entities. Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Merrill Lynch Professional Clearing Corp. are
registered as futures commission merchants with the CFTC and are
members of the NFA. Investment products offered by Investment
Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not
Bank Guaranteed.
For more Bank of America news, visit the Bank of America
newsroom.
www.bankofamerica.com
Reporters May Contact:Louise Hennessy, Bank of America Merrill
Lynch, 1.646.858.1403louise.hennessy@bankofamerica.com
Bank of America (NYSE:BAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bank of America (NYSE:BAC)
Historical Stock Chart
From Apr 2023 to Apr 2024