The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

North America

Best at cash management
Bank of America Best at investor services
State Street

Best at risk management
Risk Capital Management Partners

Bank of America wins the North America regional award for best cash management bank for the second year in a row. BofA’s franchise, which is as close to a US national banking franchise as it gets, is mirrored in its cash management business, which according to one leading financial markets research firm has the leading market penetration, at 73%, of US large corporates.

It continues to perform well according to other measures, such as the Ernst & Young US treasury management survey, according to which the business is top in market share for cheque clearing, wholesale lockbox, account reconciliation and sweeps.

Best at investor services this year is State Street. It is always a close race between State Street and JPMorgan Investor Services, but this year the Boston bank just edges ahead. It continues to win new business, such as the contract to provide fund accounting and administration services for Calamos’s new $2 billion total strategic return fund.

State Street has put an emphasis on its hedge fund business in the past couple of years, for both the funds and those who provide them with service.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree