Bank of American Merrill Lynch has rolled out a new module ofits CashPro Online treasury management portal, CashPro Invest, thatcorporate clients can use to enter orders for short-terminvestments and obtain reporting and information on theirtransactions.
CashPro Invest replaces two other products, Connection andMoneyMarkets Express; B of A acquired the latter when it purchasedLaSalle Bank.
“CashPro Invest is a real synthesis of what was best aboutConnection and MoneyMarkets Express,” says Fred Berretta, globalliquidity investment solutions executive at Bank of America MerrillLynch, noting that the bank took 2½ years to develop thenew module.
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