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

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

NEW YORK, April 7 /PRNewswire/ -- 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 Banking.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)

"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
team."

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,
visit www.bankofamerica.com.

SOURCE Bank of America

Alison MacDonald, Bank of America, +1-646-855-5529,
alison.macdonald@bankofamerica.com