Banc of America Securities-Merrill Lynch Research Names Sheryl King as Head of Canada Economics and Investment Strategy



    TORONTO, Canada, May 1 /CNW/ -- Banc of America Securities-Merrill Lynch
Research today announced that Sheryl King has been named head of Canada
Economics and Investment Strategy. King has been a senior U.S. economist at
Merrill Lynch since 2004. She is a native Canadian and will relocate to
Toronto.
    "Sheryl's extensive experience and strong knowledge of the North American
economies will be a tremendous asset to our clients," said Adam Quinton, head
of Banc of America Securities-Merrill Lynch Macro Research. "Sheryl will also
focus on providing our Canadian clients with innovative investment strategies
and trade ideas that bridge the gap between the economic fundamentals of both
equities and fixed income."
    Prior to joining Merrill Lynch, King worked at TD Bank Financial Group in
Toronto for four years. Previously, she spent eight years at the Bank of
Canada. King earned a BA in economics from Concordia University in Montreal
and an MA in economics from Carleton University in Ottawa, Canada.
    Reporting to King is Dan Sukmanowsky, who joined Banc of America
Securities-Merrill Lynch Canada Research in April, from TD Bank Financial
Group's Economics team.
    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 three analysts in
Canada, 12 analysts in the United States and an additional 15 analysts
globally. The company also provides economic analysis and forecasts for nearly
60 countries.
    The company covers over 3,000 stocks globally and ranks in the top tier
in many external surveys. Most recently the firm ranked No. 1 in the U.S., No.
2 in Asia Pacific ex-Japan, No. 2 in Latin America, and No. 3 in Developed
Europe in the 2009 Financial Times/StarMine broker rankings for earnings
forecasts. In addition, the company ranked No. 2 in the 2009 Institutional
Investor All-Europe Research team survey and No. 3 for Equity and Fixed Income
Research in the 2008 Institutional Investor All-America Research team surveys.
    
    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: Carrie Gray, Bank of America, +1-212-449-2845,
carrie_gray@ml.com Web Site: http://www.bankofamerica.com

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