Osaka, Japan (PRWEB) October 31, 2012
Bank of America Merrill Lynch’s Global Transaction Services (GTS) and SunGard’s AvantGard today announced the launch of their Asia Pacific treasury knowledge alliance. The dedicated Asia Pacific program will leverage the respective business strengths and networks between Bank of America Merrill Lynch GTS and SunGard’s AvantGard, providing a client-focused platform to connect the market’s experiences and opinions, promote best-in-class practices and help drive enhanced technological innovation within the regional treasury industry.
Bank of America Merrill Lynch GTS and SunGard’s AvantGard will jointly develop and implement the comprehensive and interactive program to support corporations in Asia as they adapt to increased business demands. This collaboration is unique as it brings together the complementary expertise and practical experience from multiple views to provide an Asia Pacific treasury knowledge platform. The knowledge platform will rely on the collective domain knowledge gained from working with a diverse range of companies throughout the region.
The program will offer corporate treasurers a knowledge platform that is comprised of Asia Pacific-focused industry studies, market-inspired thought leadership and editorial content, combined with a series of in-country knowledge-based events.
To help ensure continual relevance to Asia Pacific treasuries and treasury specialists, the alliance will leverage the business strengths of both providers’ global and regional platforms. Bank of America Merrill Lynch will draw on its client-centric service model and internationally-recognized development of integrated treasury products and solutions within the collaboration. SunGard AvantGard’s global automation and centralization expertise in cash, compliance and risk will provide the alliance with the technological knowledge needed by Asia Pacific’s evolving treasury industry.
“Everyday we support our Asia Pacific treasury clients through knowledge – the more we know, the more we can help them to achieve their business ambitions and balance their risk,” said Ivo Distelbrink, BofA Merrill Lynch’s Head of Global Transaction Services for Asia Pacific. “As market sophistication continues to evolve and competition intensifies across the region, treasury knowledge is more reliant on technological innovation than ever before. Given this fact, we are proud to collaborate with SunGard, a cutting-edge technology services provider, on this innovative alliance.”
“We are looking forward to working with BofA Merrill Lynch on this alliance,” said Michael Fullmer, senior vice president, SunGard’s AvantGard. “Our aim is to offer our customers a holistic approach to treasury management. This means that, in addition to providing award-winning solutions, we provide best practices and networking opportunities and we conduct market research and focus groups. This cooperative program enables us take to take these initiatives to an entirely new level.”
The alliance was officially launched at a ceremony today at Sibos 2012 in Osaka, Japan. Asia Pacific executives from Bank of America Merrill Lynch GTS and SunGard were in attendance at the event and pledged respective commitments to jointly develop a dedicated program that combines the complementary treasury and technology expertise of both companies.
About 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. 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 2012 Bank of America Corporation.
About SunGard’s AvantGard
The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. For more information, visit http://www.sungard.com/avantgard.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
© SunGard 2012. All rights reserved.