Banc of America Securities was established on 31, July 2001. It has been designed to work as an investment banking subsidiary of Bank of America. As a subsidiary of Bank of America, it deals in both the domestic and international equity and investment banking markets.
A combined structure of corporate lending with investment banking advice and services, is what Bank of America Securities follows as their business strategy. It is growing at a good pace compared to other investment agencies in the world right now. This company is a member of the New York Stock Exchange and the National Association of Securities Dealers.
The use of �banc� in the BAS’s name is to make the clients understand that the company is basically not a bank, and thus all the deposits and other holdings are not insured by the FDIC. Bank of America Securities accompanies their client at every step in the investment market.
Bank of America Securities Prime Brokerage�s suite of products includes securities lending, financing solutions on the basis of huge research work, and clearing services which are beyond comparison in helping fund managers achieve their investment objectives.
The company provides the clients with a single platform for the full range of prime brokerage services and with it there is always the friendly consultive approach to serve the client better. The benefits from the resources and capabilities of the entire Bank of America Corporation, is a bonus.
Banc of America Securities Prime Brokerage has been consistently ranked No.1 for client service, reporting, technology and operations (Global custodian).
The headquarters of BAS are situated at the Bank of America Corporate Center in Charlotte, but at present, Solow Building in New York City, is handling the bulk of BAS’s Investment Banking Operations. At the same time they also operates through their offices at Tokyo, Chicago, Frankfurt, London, etc.
Last Updated on : 26th June 2013