Winning Accolades in Foreign Exchange and Treasury Services
Bank of America Merrill Lynch (BofAML) has won three awards across Foreign Exchange (FX) and Global Transaction Services (GTS) in EMEA Finance magazine's Treasury Services Awards 2017.
The awards, presented during a ceremony at Sibos in Toronto, include:
Best Treasury Services in EMEA award (third consecutive year).
Best Foreign Exchange Services in Europe (fifth consecutive year).
Best Foreign Exchange Services in EMEA (sixth consecutive year).
Commenting on the bank's success, Christopher Moore, publisher of EMEA Finance magazine, said, "We at EMEA Finance love 'EMEA-champions' -- these are the companies driving their businesses forward, seizing both regional and global opportunities.
"BofAML is an important partner for many of these champions, supporting them not only in the capital markets, but also working with treasurers to help maximize their working capital cycle, develop supply chains, and of course, keep their day-to-day business ticking along like clockwork."
Bryant Park, global head of FX Sales at BofAML, said, "The awards reflect our client focus, which is at the very core of our FX service. The strength of our offering rests on outstanding global reach combined with local expertise. We are continually investing in our portfolio of products and innovating to help our clients achieve their goals, as they are a key part of our growth journey."
Matthew Davies, head of GTS EMEA at BofAML, added, "We are delighted to be awarded the Best Treasury Services in EMEA accolade for the third consecutive year. As a global bank that has been providing transaction services in Europe for more than 86 years, we remain steadfast in our efforts to provide constructive guidance and strategic advice to our clients.
"We're not only uniquely placed to bring ideas to our clients via our umbrella of capabilities -- including trade, cash management, commercial cards and transactional FX -- but through our fully integrated approach across the bank, including GTS and FX, we deliver a seamless client offering that supports them on a cross-discipline level, helping them achieve their business objectives."
The EMEA Finance Treasury Services Awards have been running for eight years and recognize banks for ingenuity, innovation and investments in cash management, FX and other treasury services.
Bank of America is one of the world's leading 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 47 million consumer and small business relationships with approximately 4,500 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 34 million active users, including approximately 24 million mobile users. Bank of America is a global leader in wealth management, 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 all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 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 and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by 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. ©2017 Bank of America Corporation.
# # #
Reporters may contact:
Megan Pearson, Bank of America Merrill Lynch