formica-signs-up-with-bank-of-america

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 and Malaysia. The scope will extend as the company expands in the region and Bank of America will continue to provide cash management solutions.

Richard Brown, head of global treasury services for Asia, says ôOne...
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