Banc of America Securities-Merrill Lynch Research Adds Two Strategists to Global Commodities Team



    LONDON, June 2 /CNW/ -- Banc of America Securities-Merrill Lynch Research
today announced the addition of two strategists to its Global Commodities
Research team. Michael Widmer joins to lead the research coverage effort in
metals markets and Tanapoom Damraks joins as a commodities strategist.
    

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20090218/CLW006LOGO )

    
    "These strategic hires confirm the commitment of Bank of America Merrill
Lynch to the substantial expansion of our global commodities business," said
Francisco Blanch, head of Banc of America Securities-Merrill Lynch Global
Commodities Research. "We are expanding our team to provide broader and deeper
commodities research for our clients."

    Widmer joins from BNP Paribas where he was Senior Metals Strategist.
Before BNP, Widmer was head of Metals Research at Lehman Brothers where he had
been responsible for building their base and precious metals research
franchise in fixed income. He is based in London and will report to Blanch.

    Widmer brings to this role in-depth industry expertise and a thorough
understanding of client needs having held a variety of senior commodities
positions, including head of Metals Research at Calyon Corporate and
Investment Bank, and Macquarie Bank, among others. He earned a dual MSc degree
in Finance/Economics and International Management from the University of
Cologne in Germany.

    Damraks will earn a Ph.D. in Economics from the University of Chicago in
June 2009. He also earned an M.S. in Economics from the University of Chicago,
an M.S. in Informatics from the University of Tokyo and a BEng in Electronic
Engineering from Chulalongkorn University in Thailand. Damraks is based in
London and will report to Blanch.

    The goal of the company is to be the premier global research franchise,
providing clients with exceptional service, value-added investment insights
and alpha-generating investment recommendations. Since January 2009, Banc of
America Securities-Merrill Lynch Global Research has hired seven analysts in
EMEA and an additional 32 analysts globally. The Research team provides
recommendations on nearly 3,000 equity securities and 850 corporate bond
issuers. The group also provides economic forecasts for approximately 60
countries and recommendations on 40 currencies.
    

    Bank of America

    
    Bank of America is one of the world's largest financial institutions,
serving individual consumers, small- and middle-market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk management products and services. The company
provides unmatched convenience in the United States, serving approximately 55
million consumer and small business relationships with more than 6,100 retail
banking offices, more than 18,500 ATMs and award-winning online banking with
nearly 30 million active users. Bank of America is among the world's leading
wealth management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to more than 4 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients in more than 150 countries. Bank of
America Corporation stock (NYSE:   BAC) is a component of the Dow Jones
Industrial Average and is listed on the New York Stock Exchange.

    "Bank of America Merrill Lynch" is the marketing name for the global
banking and global markets businesses of Bank of America Corporation. Lending,
derivatives, and other commercial banking activities are performed by banking
affiliates of Bank of America Corporation, including Bank of America, N.A.,
member FDIC. Securities, financial advisory, and other investment banking
activities are performed by investment banking affiliates of Bank of America
Corporation ("Investment Banking Affiliates"), including Banc of America
Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which
are both registered broker-dealers and members of FINRA and SIPC. Investment
products offered by Investment Banking Affiliates: Are Not FDIC Insured (*) May
Lose Value (*) Are Not Bank Guaranteed.
    

    www.bankofamerica.com



    




For further information:

For further information: Reporters: Susan McCabe Walley, Bank of
America, +1-212-449-0389, susan_mccabe@ml.com, or Tomos Rhys Edwards, Bank of
America, +44-20-7995-2763, tomos_edwards@ml.com Web Site:
http://www.bankofamerica.com

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