Bank of America Merrill Lynch Hires Steven Niemczyk as Global Head of Asset Management Investment Banking

    NEW YORK, April 7 /CNW/ -- Bank of America Merrill Lynch today announced
that Steven J. Niemczyk will join the company's Global Corporate & Investment
Banking business as global head of Asset Management Investment Banking in June
2009. Niemczyk has been global head of Asset Management Investment Banking at
UBS Limited in London. He will relocate to New York and report to Michael
Rubinoff, head of Global Financial Institutions Corporate & Investment


    "Bank of America and Merrill Lynch have long been leaders in advising and
raising capital for financial institutions," said Brian T. Moynihan, president
of Global Banking and Wealth Management. "Steve has over 20 years of
experience in financial services investment banking. His hire underscores the
combined firm's continued commitment to this important client sector."

    "We expect to see more consolidation and increased capital needs among
financial institutions, including asset managers," said Rubinoff. "Steve's
expertise in advising asset management companies is a vital addition to our

    From 2001 to 2006, Niemczyk was a managing director in Morgan Stanley's
Financial Institutions group in New York and London. Niemczyk was a general
partner at Lazard Freres & Co. from 1990 to 2001 where he was a member of the
Supervisory Board, the Opinion Committee and the Lazard/Daiwa SBCM Steering
Committee. He held previous positions with The Blackstone Group and Salomon
Brothers from 1983 to 1990.

    Niemczyk holds an M.B.A. degree from Harvard Business School from which
he graduated with distinction in 1983. He received an MSc degree from The
London School of Economics in 1979 and a B.A. in economics from Yale
University, from which he graduated cum laude in 1976.

    Bank of America (NYSE:   BAC) 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 products and services. The company's corporate,
commercial, investment banking, and sales and trading businesses operate under
the Bank of America Merrill Lynch brand. Bank of America Merrill Lynch focuses
on companies with annual revenues of more than $2.5 million; middle-market and
large corporations; institutional investors; financial institutions; and
government entities. It provides innovative services in M&A, equity and debt
capital raising, lending, trading, risk management, research, and liquidity
and payments management. Bank of America Merrill Lynch serves clients in more
than 150 countries and has relationships with 99 percent of the U.S. Fortune
500 companies and 88 percent of the Fortune Global 500. Many of the services
for corporate and institutional clients are provided by Banc of America
Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or
other affiliates of Bank of America Corporation. For additional information,


For further information:

For further information: Alison MacDonald, Bank of America,
+1-646-855-5529, Web Site:

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