Bank of American Merrill Lynch has rolled out a new module of its CashPro Online treasury management portal, CashPro Invest, that corporate clients can use to enter orders for short-term investments and obtain reporting and information on their transactions.
CashPro Invest replaces two other products, Connection and MoneyMarkets Express; B of A acquired the latter when it purchased LaSalle Bank.
“CashPro Invest is a real synthesis of what was best about Connection and MoneyMarkets Express,” says Fred Berretta, global liquidity investment solutions executive at Bank of America Merrill Lynch, noting that the bank took 2½ years to develop the new module.
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