Bank of America Merrill Lynch Achieves Six No. 1 Ratings in Global Custodian Prime Brokerage Survey
Global Custodian magazine announced the results of its annual Prime Brokerage survey, with Bank of America Merrill Lynch receiving No. 1 ratings in six key categories, up from two last year.
- (1888PressRelease) July 21, 2012 - The results of the survey demonstrate the strength of the firm’s global franchise with top rankings achieved in key markets around the globe.
Major strengths identified by Bank of America Merrill Lynch clients include the Global Capital Introductions team, where the firm received a No. 1 rating in the survey for the third consecutive year, and the overall enterprise value that Bank of America Merrill Lynch delivers. Additional top honors include a No. 1 ranking for the third consecutive year in Europe, No. 1 in Asia ex-Japan, No. 1 in Australia, and No. 1 in Latin America.*
Additional highlights of the survey include:
• 127 Best in Class awards this year, versus 106 last year (19.8 percent improvement).
• No. 2 ranking in Financing and Margining.
• No. 3 ranking in Hedge Fund Consulting.
Prime brokers receiving 30 or more responses were eligible for awards from five different categories of clients, sized by assets (less than $100 million; $100 million - $1 billion; $1 - 5 billion; $5 - 10 billion; and more than $10 billion) and two client strategy categories (single or multi-strategy). Bank of America Merrill Lynch received a No. 3 rating in the following three client categories:
• $1 - 5 billion
• $10 billion+
• Multi-strategy
Global Custodian is a leading publication covering international financial services and has become the benchmark used by the industry for rating prime brokerages.
*Rankings calculated based on Global Custodian reported category scores for the top nine prime brokerage service providers.
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 56 million consumer and small business relationships with approximately 5,600 retail banking offices and approximately 16,200 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 a member 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.
www.bankofamerica.com
Reporters May Contact:
John Yiannacopoulos, Bank of America, 1.646.855.2314
john.yiannacopoulos ( @ ) bankofamerica dot com
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