Ask any treasurer or CFO and they will tell you that efficient and effective cash management is the cornerstone of success. Without it, the most brilliantly executed business plan in any market can flounder and fail.
In an increasingly complex global economy, where different markets sometimes require radically different solutions, there has been a gradual but marked shift in the kind of partners clients turn to for their cash management needs.
An established global name is no longer enough on its own: clients are looking for local and regional market expertise along with an ability to provide innovative, tailor-made solutions – and one bank stands ahead of the field as Asia’s number one choice.
Bank of China was ranked number one overall for cash management services in Asia in Euromoney’s 2016 Cash Management survey – and its triumph underscores a remarkable and effective new approach to cash management for the region.
With established relationships with more than 1,600 banks in 179 countries, there is no question that Bank of China has global reach. It is the world’s fifth-largest bank by market capitalization and has a network powerful enough to support multinational corporations worldwide.