Bank of America Merrill Lynch has been named a 2011 Greenwich Associates Quality and Share Leader for distinguished service in U.S. Large Corporate Banking, Large Corporate Treasury Management and Debt Capital Markets. The firm received the following awards:
- Share Leader for U.S. Large Corporate Banking (84 percent market penetration).
- Quality Leader for U.S. Large Corporate Banking.
- Share Leader for U.S. Large Corporate Treasury Management (70 percent market penetration).
- Quality Leader for U.S. Large Corporate Treasury Management.
- Share Leader for U.S. Debt Capital Markets (67 percent penetration).
“We are delighted by this vote of confidence by our clients,” said Paul M. Donofrio, co-head of Global Corporate and Investment Banking for BofA Merrill Lynch. “Clients value our solution-oriented, integrated approach to corporate and investment banking as well as access to global treasury solutions, wherever they do business around the world.”
Banks earning distinction as a Greenwich Associates Quality and Share Leader have been recognized by their clients as providing the industry’s best coverage and quality of service in a range of financial service businesses over the course of the year, including investment and commercial banking activities, fixed-income sales and trading, equities sales and trading, derivatives, retail structured products, commodities, convertible bonds, and cash management in the United States, Canada, Europe and Asia.
The findings were based on in-person interviews by Greenwich Associates with chief financial officers, treasurers and assistant treasurers at U.S.-based companies, typically with $2 billion or more in annual revenue, including Fortune 500 corporations. Interviews were conducted between April and June 2011 with 262 Fortune 500 corporate executives on their corporate banking practices, 207 Fortune 500 investment banking professionals in debt capital markets, and 275 Fortune 500 cash management specialists and other financial professionals on market trends and their relationships with their banks.
The Greenwich Associates results are the latest in a series of accolades the firm has received in 2011. Most recently, in Euromoney’s 2011 Annual Cash Management Survey, corporate clients ranked BofA Merrill Lynch number one for:
- Level of Commitment to Your Cash Management Business.
- Industry Expertise and Knowledge.
- Quality of Personnel.
- Liquidity Capabilities.
- Compatibility with Your Own Systems.
- Contingency Plan Capabilities/Preparedness.
In addition, for the second consecutive year, corporate clients also ranked BofA Merrill Lynch as the top Cash Management Bank in the United States and number two in North America in the same survey.
Additional recognition the firm has received in 2011 includes: Best Cash Management House in North America and Best Investment Bank in North America by Euromoney in their annual “Awards for Excellence” program; Best Bank for Risk Management, North America, Best Overall Bank for Cash Management, North America and Most Creative Global Investment Bank by Global Finance; Best Trade Bank in North America by Trade & Forfaiting Review; Best Bank Cash Management - North America, Best Bank Financial Supply Chain - North America, Best Bank Risk Management - North America, Best Bank Cash Management - South America, and Global Bank of the Year - Capital Markets and Investment Banking by Treasury Management International; and Most Innovative Investment Bank from North America by The Banker.
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 58 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,800 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 4 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 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 members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.
For more Bank of America news, visit the Bank of America newsroom.
Contacts:
Alison MacDonald, Bank of America Merrill
Lynch, 1.646.855.5529
alison.macdonald@bankofamerica.com
