Bank of America Merrill Lynch has received two top honours from Euromoney magazine, being named Best Global Investment Bank and Best Global Transaction Services House in the Euromoney 2014 Awards for Excellence.
This is the first time in the history of the Euromoney awards that any firm has simultaneously won both awards.
In the publication’s write-up about the investment banking honour, Euromoney wrote: “Bank of America Merrill Lynch has come a long way in a short space of time. It is clearly one of the go-to firms today, harnessing the strength of its overall business and balance sheet to complement its growing capabilities in providing financing and smart solutions to corporate and institutional clients.”
“This is a notable milestone for us and a tremendous achievement by everyone in Global Banking and Markets,” said Christian Meissner, head of Global Corporate and Investment Banking. “The fact that we are recognized as both Best Global Investment Bank and Best Global Transaction Services House highlights the power of our fully integrated business, the strength of our global platform and the commitment of our team.”
For transaction services, the publication said: “An energized, collaborative and solutions-driven approach targeting global companies is proving to be a winning formula for Bank of America Merrill Lynch in its transaction services business.
[The company]... has built an impressive range of strategic local and regional partnerships, while investing heavily in technology to ensure that its targeted clients get the transparency and liquidity that they need, wherever they need it."
Paul Simpson, head of Global Transaction Services, added, “As our global franchise continues to grow in stature, we are confident that we will continue to deliver first class service to all our clients and consolidate our position as one of the best banks in the world.”
The firm also received the following five accolades from Euromoney:
• Best Investment Bank in North America/U.S.
• Best Debt House in North America
• Best Transaction Services House in North America
• Best Equity House in the United Kingdom
• Best Equity House in Turkey
The Euromoney Awards for Excellence were established in 1992 and are the global benchmark for the banking industry. These annual awards cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world.