Cited for Overall Strength, Liquidity, Risk Management Expertise in North America
Bank of America Merrill Lynch has been named by Global Finance magazine as Best Overall Bank for Cash Management in North America for the fourth consecutive year. The publication also named BofA Merrill as North America winner for Best Bank for Liquidity Management, for the third straight year, and Best Bank for Risk Management.
Global Finance editors considered input from industry analysts, corporate executives and a readers poll in selecting BofA Merrill as best in these categories. Factors considered included profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which providers have successfully differentiated themselves from their competitors around core service provision.
“This recognition reflects both our longstanding strength in North America as well as our ability to innovate and offer new solutions to our broad and varied client base as markets evolve,” said Paul Simpson, head of Global Transaction Services. “Whether it’s a small business, middle market company, large corporation or government entity, our transaction services team has the expertise to provide tailored solutions for any sized company or agency.”
BofA Merrill has more than $200 billion in corporate deposits in North America, is the largest wholesale international bank in Canada and can make payments in more than 140 currencies covering 190 countries and territories. The firm provides integrated liquidity solutions for corporate clients and holistic risk management solutions to address a company’s payments, concentration and hedging requirements. In recent years, BofA Merrill has invested heavily in its CashPro® suite of electronic solutions to help clients be able to execute transactions with greater ease and speed.
“Our success rests with the success of our clients,” added Simpson. “We’re focused on helping treasury organizations improve their efficiency, optimize their working capital, execute their day-to-day financial transactions and identify and invest idle cash. We look forward to continuing to work with our clients, and to creating new products and services that solve their challenges amidst the changing economic landscape.”