BMG awarded for Best Multi-Currency Liquidity Solution in 2018 (TMI)
The stand-out characteristics of a Bank Mendes Gans (BMG) solution for Ingram Micro made it an indisputable winner of the Best Multi-Currency Liquidity Solution accolade in TMI’s Awards for Innovation & Excellence 2018.
Ingram Micro was looking to set up a global notional cash pool that would give treasury the flexibility to move funds between entities without intercompany loans. While the obvious solution may have been to centralise all of the company’s cash management with one global bank, treasury was looking for an altogether different solution. The answer came in the form of an innovative – and now award-winning – global overlay structure from Bank Mendes Gans, an ING subsidiary.