Bank of America Merrill Lynch Recognised for Treasury Excellence by EMEA Finance
Bank of America Merrill Lynch has been honoured by EMEA Finance magazine in their 2014 Treasury Services Awards, winning the accolade for Best Treasury Services in Europe.
This is the first time the company has won the treasury category, which the magazine said is in recognition of “...a proactive and consultative client approach, product enhancements and focus on thought leadership.”
Bank of America Merrill Lynch’s Foreign Exchange team was also recognised in the awards, winning Best FX services in Europe and Best FX services in EMEA accolades for the second and third consecutive years.
Jennifer Boussuge, head of Global Transaction Services EMEA at Bank of America Merrill Lynch said, “Given the more strategic role taken by today’s corporate treasurer, and the push for greater efficiency, we see more and more companies integrating their cash, payments and FX functions and reaping the benefits across process, visibility and cost.”
“At Bank of America Merrill Lynch, our online payments system is fully integrated across GTS and FX, and our teams work side by side to better understand our clients and provide a more tailored service. So we are delighted to be recognised by EMEA Finance with this hat trick of accolades across our business.”
The EMEA Finance Treasury Services Awards have been running for five years and recognise banks for ingenuity, innovation and investments in cash management, FX and other treasury services.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small businesses, 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 49 million consumer and small business relationships with approximately 5,000 retail banking offices and approximately 16,000 ATMs and award-winning online banking with 30 million active users and more than 15 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 member of SIPC, and, in other jurisdictions, a locally registered entity. 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.
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Reporters May Contact:
Megan Pearson, Bank of America Merrill Lynch, +44 (0)20 7995 6977