- Fourth Consecutive Year of Sponsorship
NEW YORK – Bank of America Merrill Lynch’s Global Transaction Services (GTS) business is once again proud to announce its sponsorship of the Latin Trade CFO Forums for 2016. The series gathers CFOs, finance directors and treasurers from various industries in Latin America for the opportunity to share knowledge and experiences across domestic and international borders.
The CFO forums are set to take place in Brazil, Colombia, Mexico and Peru throughout 2016. Given its geographical proximity to the region and the pivotal role it plays for companies doing business in Latin America, there will also be an event in Miami.
“We are delighted to be the financial sponsor of the Latin Trade CFO Forums for the fourth consecutive year,” said Fernando Iraola, head of Latin America Corporate Banking and Global Transaction Services. “We look forward to facilitating dialogue and debate about the key issues and opportunities facing companies in the region.”
The forums, which are by invitation only, will address issues that are top of mind for the region’s senior financial executives, such as the role of the CFO in leading business transformation and best practices in market value creation.
The first forum of 2016 takes place in Sao Paulo on April 6, and the agenda will include the following presentations:
- 2016 Economic and Market Outlook by David Beker, chief Brazil economist and Fixed Income strategist, Bank of America Merrill Lynch
- Strategies for Developing Talent and Diversity by Andrea Chamma, vice chairwoman, Brazil, Bank of America Merrill Lynch
According to a survey conducted at last year’s forum in Sao Paulo, 36 percent of respondents said enhanced risk management (i.e., market, FX/currency, and counterparty risk) was their top treasury priority, while 26 percent said it was funding inefficiencies. When asked what they wanted from their banking partner to help them manage their treasury priorities, 32 percent of respondents said foreign exchange solutions, while 29 percent said core cash management.
“It’s clear that globalization has multiplied the complexity of doing business in Latin America as in the rest of the world,” said Iraola. “We look forward to lending our expertise, insights and knowledge to help companies in Latin America continue to navigate the evolving global marketplace and meet their growth objectives. The forums are one important way where we can make that happen.”
BofA Merrill has operated in Latin America for over 75 years. The region is strategically important to BofA Merrill’s GTS business, which provides companies, multinational corporations, bank and non-bank financial institutions, and government agencies a comprehensive set of transaction services, including liquidity management, payments and receipts, trade and supply chain finance, foreign exchange, commercial card, and custody and agency services.[1]
[1] Not all services may be available in all jurisdictions and are subject to change without notice.
