Bank of America Merrill Lynch has expanded its CashPro Invest online liquidity and investment order entry tool to its European clients.
The solution is fully integrated with CashPro Online, Bank of America Merrill Lynch’s corporate banking portal, and offers investment execution, research and reporting capabilities for money market mutual funds.
It allows clients to view investment account balances, research and compare money market funds, view and download transaction history and other reports, and customise controls to support company investment policy.
Clients in Europe can also enter investment orders for money market funds across various currencies.
Primarily, CashPro Invest is used by clients of Bank of America Merrill Lynch’s Global Liquidity Investment Solutions (GLIS) group, a team that specialises in consultative investment and provides end-to-end liquidity and investment solutions.
The GLIS team recently expanded in to Europe and opened an office in London.
Greg Kavanaugh, head of global core cash management at Bank of America Merrill Lynch, said: “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.”
He added: “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.”
