BofA Merrill Wins Eight Global and Regional Industry Awards for Transaction Banking Innovation and Excellence
Published: January 28, 2015
From the Americas to Asia-Pacific, Recognition Includes Award for the Best Card Solution
Bank of America Merrill Lynch was recently named winner of eight awards by financial trade publication, “Treasury Management International (TMI),” in its annual Awards for Innovation & Excellence in Treasury.
Topping the recognition list for the firm’s Global Transaction Services (GTS) business were Global Bank of the Year for Cash & Liquidity Management and Global Bank of the Year for Financial Supply Chain Management. Both awards highlighted global excellence in each business line, alongside regional awards for:
- Best Bank for Cash & Liquidity Management – North America
- Best Bank for Cash & Liquidity Management – South America
- Best Bank for Payments & Collection – North America
- Best Bank for Payments & Collection – India
- Best Bank for Financial Supply Chain Management – Asia Pacific (excl. China)
The magazine also acknowledged the success of BofA Merrill’s commercial card solution, Travel Pro, that aims to revolutionize how companies manage their business travel expenditure. For this innovation, the firm was awarded Best Card Solution in the magazine’s Technology Innovation Awards.
“We are honored to receive this recognition from TMI,” said Paul Donofrio, head of Global Corporate Credit and Transaction Banking at BofA Merrill. “It’s a testament to the strength and diversity of our treasury solutions that this top-tier publication has recognized the firm’s excellence across cash, liquidity, payments and supply chain finance. We look forward to replicating similar successes in 2015, helping our clients manage and improve their treasury practices globally.”
Helen Sanders, editor, TMI, adds, “Bank of America Merrill Lynch’s success in this year’s TMI awards reflects the remarkable progress the bank continues to make across the globe in offering comprehensive, robust and client-centric solutions across cash and working capital management. We were particularly impressed by the bank’s ability to devise and deliver cohesive regional and global solutions whilst remaining sensitive to the regulatory and cultural needs in each country, and the specific challenges of each customer organization.”