BoA Merrill scores cash management mandate

SGI appoints Bank of America Merrill Lynch for its cash management needs in Asia.

Bank of America Merrill Lynch BoA Merrill has won a mandate from Silicon Graphics International SGI to provide the US-based server and data storage solutions provider with a regional cash and treasury management solution in Asia-Pacific. SGI is to implement the bank’s solution, which will cover payments, receivables, payroll and liquidity management, across its eight markets in the region.

“The solution we have provided SGI in Asia-Pacific speaks not only of efficacy but also of immediacy, both critical elements in today’s demanding business world,” said Ivo Distelbrink, BoA Merrill’s Asia-Pacific head of global treasury solutions who joined at the beginning of February last year after 16 years...

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