Bank of America Merrill Lynch Receives Multiple Industry Awards for Trade and Supply Chain Finance

Before you go, we thought you'd like these...
Before you go close icon

Bank of America Merrill Lynch Receives Multiple Industry Awards for Trade and Supply Chain Finance

NEW YORK--(BUSINESS WIRE)-- Bank of America Merrill Lynch's strong performance in global trade and supply chain finance has been recognized throughout the industry, highlighted recently by a number of key awards. Reflecting the opinions of prestigious financial trade publications and their readers, these industry awards underscore Bank of America Merrill Lynch's market-leading offering in supporting its clients around the globe.

  • Most recently, Trade Finance honored BofAML with the "Best Trade Bank in the USA" award in the Trade Finance Awards for Excellence 2013, derived from a comprehensive poll surveying the market in recognition of the ongoing evolution of the bank's offering to its expanding client base in the region.
  • Trade Finance along with Global Trade Review also recognized BofAML in their respective "Deals of the Year" programs. When Cummins, a global power leader, issued an RFP for its global supply chain finance (SCF) program to nine major providers, it was a testament of BofAML's global trade and supply chain capabilities that it was selected as the sole provider.
  • Global Finance magazine named the "World's Best Trade Finance Banks" by region and country in an exclusive survey published in its February issue, which named BofAML as Best Trade Finance Bank in the United States. Criteria for choosing the winners included trade-related transaction volume, scope of global coverage, customer service, competitive pricing, risk management and innovative products, services and technology.
  • In January, Global Trade Review published the results of its Leaders in Trade 2012 Readers' poll, proving that for the second year running, BofAML leads the North American trade market. These awards underline the achievements of the bank during the past year, including the introduction of Trade Pro, the latest in trade technology. BofAML was also recognized for undertaking a huge expansion of its longer-term structured trade finance business globally, taking on 18 export credit agencies in Europe, Asia and North America.

Bruce Proctor, head of BofAML's Global Trade and Supply Chain Finance, commented: "Bank of America Merrill Lynch's clients comprise thousands of large multinational and middle-market importers and exporters, as well as financial institutions involved in international trade, each with very different needs.


"Increasingly, companies are realizing the importance of expanding internationally as a way to grow their business. Bank of America Merrill Lynch is committed to enhancing the expertise and services we offer to best meet the needs of our clients wherever we serve them around the world. It is critical that they view us as a vital source of knowledge and expertise, as well as providing the services they need to optimize their businesses globally. These awards not only recognize our clients' confidence in us, but also that of the wider trade finance industry."

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. We serve approximately 52 million consumer and small business relationships with approximately 5,400 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active 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 (NYS: BAC) is a component of the Dow Jones Industrial Average and 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 FINRA and SIPC, and, in other jurisdictions, a locally registered entity. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

Copyright 2013 Bank of America Corporation. All rights reserved. Bank of America, Merrill Lynch, Broadcort and their logos are trademarks of Bank of America Corporation and/or its affiliates.

Visit the Bank of America newsroom for more Bank of America news.

www.bankofamerica.com



Reporters May Contact:
Louise Hennessy, Bank of America Merrill Lynch, 1.646.858.1403
louise.hennessy@bankofamerica.com

KEYWORDS:   United States  North America  New York  North Carolina

INDUSTRY KEYWORDS:

The article Bank of America Merrill Lynch Receives Multiple Industry Awards for Trade and Supply Chain Finance originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners