Formica signs up with Bank of America
The bank will provide cash management services for the Asian operations of the US-based surface designer and manufacturer.
Bank of America global treasury services GTS has won the Asia cash management mandate for the Formica group of companies. Formica is a US-based surface designer and manufacturer with offices across Asia.
Bank of America said Formica had previously used another bank and had won the mandate following a competitive exercise.
Bank of America initiated the implementation in Taiwan and is now rolling it out to FormicaÆs five other markets in the region - Korea, Hong Kong, China, Singapore...
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