TheMIGroup Picks BofA Merrill for Asia-Pacific Payment and Liquidity Mandate
TheMIGroup, a global relocation services company, has chosen Bank of America Merrill Lynch (BofA Merrill) as sole provider of payment and liquidity services in Asia-Pacific. The services will improve the visibility and transparency of TheMIGroup’s treasury operations in the region to better position it for the delivery of the full range of global mobility and relocation solutions.
Greater control over its payables and receivables processes will also support TheMIGroup’s growth plans in Asia-Pacific.
“BofA Merrill is excited about winning this mandate for TheMIGroup. As a leader in global treasury solutions, we will provide TheMIGroup with the efficacy, immediacy and accuracy that it promises its clients, elements vital to the relocation services industry,” said Ivo Distelbrink, BofA Merrill’s head of global treasury solutions in Asia-Pacific.