NEW YORK--(BUSINESS WIRE)--Global Finance magazine has named Bank of America Merrill Lynch Best Bank for Cash Management in North America for the fifth consecutive year. The publication also named the firm Best Bank for Liquidity Management in North America for the fourth straight year, and Best Treasury & Cash Management Provider in the United States, an inaugural category.
Global Finance editors considered input from industry analysts and a poll of corporate readers in selecting BofA Merrill as best in these categories. Factors considered included volume, market share, customer service, investment in the business and examples of solutions that delivered significant benefits for clients.
BofA Merrill Global Transaction Services (GTS) executives offered these comments on each award:
Best Bank for Cash Management – North America
“We are honored with this recognition of consistent success in North America. In 2015, clients are managing both growing and slowing economies, regulatory actions and volatile currency markets. Our opportunity is to provide our clients with the trusted advice and tools they need to navigate in today’s ‘new normal’ financial environment.” – Dub Newman, head of North America GTS
Best Bank for Liquidity Management – North America
“The liquidity award from Global Finance affirms our strategy of working across our broad organization to bring our whole firm to our clients in an integrated manner. One particular example in the past year were the numerous webcasts we offered to our clients to help educate them about the implications of Basel III and other new regulations and impacts across the whole client relationship.” – Greg Kavanaugh, head of Global Liquidity Investment Solutions and Revenue Management
Best Treasury & Cash Management Provider – United States
“Many of our U.S.-based clients are expanding internationally, and we are able to leverage our extensive global footprint covering more than 40 countries and 140 currencies to help them gain footing in new financial landscapes. We believe this international strength was a key factor in winning the U.S. award.” – Galen Robbins, head of GTS for Global Commercial Banking, Business Banking and Small Business
Global Finance has further award details at World's Best Treasury & Cash Management Providers 2015.
Bank of America
Bank 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 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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