Bank of America broadens geographic reach of CashPro Invest
Bank of America Merrill Lynch has launched CashPro Invest in Europe. CashPro Invest offers investment execution, research and reporting capabilities for money market mutual funds. It enables clients to view balances, research and compare money market mutual funds, access transaction history and customise control to suit company investment policies.

Source: CashPro Invest

CashPro Invest, an online liquidity management and investment order entry tool, is now available for use by Bank of America Merrill Lynch clients in Europe.

CashPro Invest is fully integrated with CashPro Online, BofA Merrill’s corporate banking portal. CashPro Invest offers investment execution and extensive research and reporting capabilities for money market mutual funds, the primary investment product solution for daily liquidity needs. With CashPro Invest, clients are able to:

View investment account balances

Research and compare money market mutual funds

View and download transaction history and other reports

Customize controls to support company investment policy

In addition, clients in Europe are able to enter investment orders for money market funds across currencies.

“The addition of CashPro Invest to our CashPro Online portal is an important enhancement for our clients in the region,” said Jennifer Boussuge, head of Global Transaction Services for Europe, the Middle East and Africa at BofA Merrill. “Now, it is easier and simpler for our clients to stay connected with us for making their routine transactions, checking and analyzing their transaction history, and doing research to help develop strategy for future transactions.”

CashPro Invest is primarily used by clients of BofA Merrill’s Global Liquidity Investment Solutions (GLIS) group, a team of highly-experienced, consultative investment specialists who can provide end-to-end liquidity and investment solutions. The GLIS team recently expanded into Europe with the opening of an office in London.

“Through CashPro Invest, our clients in Europe can now more easily execute investment orders, using the same sign-in and navigation they already are familiar with using CashPro Online,” said Greg Kavanaugh, head of Global Core Cash Management at BofA Merrill. “With this service, our clients have the critical, timely information they need to manage their investment decisions, and a streamlined process to place current- or future-dated orders.”

The geographic expansion is the first since BofA Merrill developed and introduced CashPro Invest in the United States.

