Bank of America Global Capital Management : Franchise Herald

Bank of America Global Capital Management

Bank of America Global Capital Management

BlackRock Acquires BofA's $87 Billion Cash Assets, Strengthens Cash Distribution Relationship

BlackRock, Inc. has announced in a press release that it has agreed for Bank of America Global Capital Management to transfer its investment management responsibilities of approximately $87 billion of assets under management to BlackRock. The transaction combines BlackRock’s expertise in global cash management and product suite with BofA Global Capital Management’s strength in client relationships.

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