David Beker Rejoins BofA Merrill Lynch Global Research as Head of Latin America Economics and Fixed Income Strategy

David Beker Rejoins BofA Merrill Lynch Global Research as Head of Latin
America Economics and Fixed Income Strategy

NEW YORK, Nov. 12 /PRNewswire/ -- BofA Merrill Lynch Global Research today
announced that David Beker will be rejoining the company as head of Latin
America Economics and Fixed Income Strategy. In this role, he will be
responsible for the growth, inflation, exchange rates and fixed income
recommendations across Latin America.

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Beker will be based in New York and will report to Daniel Tenengauzer, head of
Global Emerging Markets Fixed Income Strategy at BofA Merrill Lynch Global
Research.

Beker joins from Ontario Teachers Pension Plan, where he was an Emerging
Markets fixed income portfolio manager.

"I am very pleased to welcome David back to our Emerging Markets research
franchise," said Tenengauzer. "David's thorough understanding of the Latin
American markets, along with his experience on the buy-side, will provide our
clients with a unique perspective on this fast-growing region."

While at Merrill Lynch, Beker was the Brazil economist, based in Sao Paulo,
before relocating to New York to work on the Fixed Income Strategy team.
Before joining Merrill Lynch in 2003, Beker worked at Unibanco Asset
Management, where he held an array of positions over a five-year span. Beker
received his bachelor's in business administration from the Fundacao Getulio
Vargas and his master's degree in economics from Pontificia Universidade
Catolica.

The goal of BofA Merrill Lynch Global Research 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, BofA Merrill Lynch Global Research has hired 41 analysts in the
Americas and an additional 43 analysts globally.

The BofA Merrill Lynch Global Research franchise covers nearly 3,000 stocks
globally and ranks in the top tier in many external surveys. Most recently the
group was named Top Global Broker, Top U.S. Broker and No. 2 Europe Broker by
Financial Times/StarMine and Best Brokerage by Forbes/Zacks. In addition, the
group ranked No. 1 in the 2009 Institutional Investor All-Europe survey for
Pan-European coverage, No. 2 in the Institutional Investor 2009 All-Brazil
Research team survey, and No. 3 in the Institutional Investor 2009 All-America
Equity, All-Latin America, and All-America Fixed-Income Research team surveys.

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SOURCE BofA Merrill Lynch Global Research

Rinat Rond, Bank of America, +1-212-449-4073, rinat.rond@ml.com