Bank of America Merrill Lynch secures UK operations with G4S

Bank of America Merrill Lynch in the UK has awarded security and outsourcing firm G4S a major contract to help protect its operations here.

From December this year the three-year contract will see over 200 officers from G4S Secure Solutions protect six key sites for the bank, in a move that G4S says will form one of the company’s largest commercial UK contracts.

Under the deal G4S staff will provide reception security, access control, patrolling, administration, CCTV operations and systems, intelligence and risk management at the six sites across the UK and Ireland, including its headquarters at King Edward Street, London.

The UK deal will also see G4S provide "sophisticated technology-based security solutions", said the bank, including handheld devices for G4S officers providing intelligence, reporting and monitoring.

Other technology-enabled operations will include reporting procedures harmonised between the UK and the US, leading to a single global standard for the bank. The total value of the contract has not been disclosed.

G4S already provides security solutions to over 3,000 Bank of America branches across the US and facilities across the world.

G4S has just confirmed that the chief executive of its UK and Ireland business, Richard Morris, has resigned after 10 years at the company.

He has been replaced by Eddie Aston, who was the company’s chief operating officer. Morris’ departure comes after a series of controversies surrounding G4S’s work on public contracts, including being accused of overcharging for them.

And last year, a failure in an internal computer system was the primary reason G4S was not able to provide a sufficient number of security staff to support the London 2012 Olympic Games. That led to UK COO David Taylor-Smith resigning.


Copyright © 2013 IDG Communications, Inc.

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