Press Releases

Hoboken, New Jersey – July 23, 2013 – Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that IMEX®, its high-volume back-office trade finance solution, has been award the SWIFT Certified Application – Trade Finance label for a 15th consecutive year. This year, to add further value to the globally recognized SWIFT accreditation label, the …

Paris, 24th July 2013 SOCIÉTÉ GÉNÉRALE OFFERS ITS MERCHANTS THE PAYMENT SERVICE OF UNIONPAY CARD  Société Générale and UnionPay International have signed an agreement to permit the acceptance of UnionPay cards at Société Générale merchants in France and Monaco. This new agreement reinforces the two groups’ cooperation since March 2010, when Société Générale opened its 4,600 ATMs to UnionPay cards. …

Qatar strengthens bid to become Gulf region’s finance hub New regulatory policies aimed at avoiding the mistakes of the global financial crisis will be dissected for the first time at the MEED Qatar Banking Summit 2013 Doha, Qatar; 16 July 2013 – Qatar is bidding to become the Gulf region’s financial hub, introducing a new regulatory framework for financial institutions …

10 July 2013: Dubai Aluminium (DUBAL) and Mubadala Development Company (Mubadala) today secured full ownership of Guinea Alumina Corporation (GAC), having completed the acquisition of the remaining project interests in the joint venture from Global Alumina Corporation (TSX: GLA.U) and BHP Billiton. This follows the recent announcement of the creation of Emirates Global Aluminium (EGA), which will become the world’s …

HONG KONG – The majority of Asia Pacific-based chief financial officers expect growth in revenues and profits at their corporations in 2013. A full 71 percent are forecasting year-on-year revenue growth in 2013, while 62 percent are anticipating that their 2013 net profits will exceed that of 2012, according to the Bank of America Merrill Lynch 2013 CFO Outlook Asia …

New York July 3, 2013 Deutsche Bank today announced that Susan Skerritt will join as Regional Head Americas for its Global Transaction Banking division. Skerritt will report to Werner Steinmueller, Head of Global Transaction Banking and member of Deutsche Bank’s Group Executive Committee. Skerritt will also report to Jacques Brand, Chief Executive Officer, North America, and member of the Group Executive …

Based on a Detailed Analysis of the Conditions Underlying the Aluminum Industry’s Crisis, BCG Has Developed an Agenda for Aluminum Industry CEOs—A Comprehensive Starting Point for Setting Turnaround Priorities MANAMA, July 04, 2013— The aluminum industry has experienced an abundance of severe challenges in recent years, resulting in a sharp decline in company valuations and profits. To reignite the value …

We are pleased to announce that Jennifer Boussuge has been named head of Global Transaction Services (GTS) for EMEA at Bank of America Merrill Lynch. Boussuge has been with the company for more than 19 years, during which time she has held a number of leadership roles, most recently as head of Global Sales for GTS. Jennifer’s other positions have …

GCC banks’ corporate banking divisions at their highest levels since 2008 by revenues and profits, however there is high divergence in performance across banks with no common solution for further improvements. Dubai, UAE 27 June 2013 – According to a recent study published by The Boston Consulting Group (BCG), GCC banks’ corporate banking divisions are at peak levels in terms …

London – 26 June 2013 – BNP Paribas Securities Services (BNP Paribas), a global custodian with over USD 7 trillion assets under custody, boosts its collateral management solution by launching Collateral Access, a fully integrated and comprehensive offering to cater for both buy-side and sell-side clients. Market dynamics and the search for increased transparency are pushing participants to implement a …

25 June 2013  Bank of America Releases Corporate Social Responsibility Report Outlines company’s impact on environmental, social and economic issues  Bank of America today released its annual Corporate Social Responsibility (CSR) report to provide an overview of the environmental, social and economic impact of its businesses as well as progress in meeting commitments to customers, clients, employees, shareholders and the …

Fraud and financial manipulation pose great risk for companies in EMEIA, says survey Accounting and financial management need to sharpen skills to help avoid financial risks  Dubai, United Arab Emirates; 13 June 2013 – One in five employees of American firms operating in Europe, Middle East, India and Africa are aware of financial manipulations in their company in the last …

Misys appoints new Regional Director of Middle East, Africa and South Asia Ashish Dass joins Misys at a time of growth for the company June 12, 2013 – Misys announces today it has appointed Ashish Dass as the new Regional Director for Middle East, Africa and South Asia including India. The appointment comes at the end of a successful year …

Standard Chartered named ‘Best Project Finance House in the Middle East’ by Euromoney Bank recognized for innovative finance instruments and ability to cater to diverse range of projects Dubai, UAE – 12 June, 2013 – Standard Chartered has been named “Best Project Finance House in the Middle East” at the Euromoney Awards for Excellence 2013. The award reiterates Standard Chartered’s …

Targeted Client Teams, Product Enhancements Build on 50 Years Canadian History    NEW YORK – Bank of America Merrill Lynch today announced the expansion of its Global Transaction Services (GTS) business in Canada. The planned growth maps onto the firm’s increasing base of clients doing business in Canada and will enable BofA Merrill to better serve and meet the needs …

6 June 2013 BNP Paribas Corporate and Investment Banking (CIB) is pleased to announce a number of strategic appointments to its ‘Derivatives Client Clearing’ business. These appointments, based in London and New York, demonstrate the bank’s continued investment in the OTC clearing and FX Prime Brokerage (FXPB) space, to support client requirements in the fast-changing regulatory environment. BNP Paribas has …