Bank of America Merrill Lynch Announces Global Capital Markets Leadership

Borthwick and Carnoy Named Co-Heads

NEW YORK, February 9 - Bank of America Merrill Lynch today announced that Alastair Borthwick and
Lisa Carnoy have been named co-heads of the company's Global Capital Markets
business. This move follows the recent announcement that Bruce Thompson,
former head of Global Capital Markets, has been appointed chief risk officer
for Bank of America.

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The company is an industry leader in capital markets, having completed
2009 as the No. 2 underwriter in global debt, equity and equity-related
offerings, raising more than US$347 billion of capital for clients around the
world, according to Dealogic data.

As co-heads of Global Capital Markets, Borthwick and Carnoy will be
responsible for further building the global footprint of the capital markets
business, and will share equal responsibility for all parts of the business
globally. They will report to Global Banking and Markets President Tom
Montag.

Borthwick was formerly head of global investment grade capital markets, a
position he held since joining the company in 2005. Carnoy, a 15-year veteran
of the company, was most recently head of global equity and equity linked
capital markets.

"By any measure, our Global Capital Markets business is one of the best
in the world, known for providing companies with access to capital in any
environment through creative solutions and our deep distribution
capabilities," said Montag. "I'm confident that Alastair, Lisa and their
teams will continue the great work in leading and growing our premier debt
and equity capital markets platform."

Additionally, Montag announced that Rupert Hume-Kendall has been named
chairman of Global Capital Markets. Hume-Kendall will work closely with
Borthwick and Carnoy, and will report to Andrea Orcel, executive chairman,
Global Banking and Markets. "In this role, Rupert will partner with client
coverage and product teams and apply his considerable talents to provide
ideas, innovative solutions, and superior execution to Bank of America
Merrill Lynch clients," said Montag.

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 59
million consumer and small business relationships with 6,000 retail banking
offices, more than 18,000 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
globally by banking affiliates of Bank of America Corporation, including Bank
of America, N.A., member FDIC. Securities, strategic advisory, and other
investment banking activities are performed globally by investment banking
affiliates of Bank of America Corporation ("Investment Banking Affiliates"),
including, in the United States, Banc of America Securities LLC and Merrill
Lynch, Pierce, Fenner & Smith Incorporated, which are both registered
broker-dealers and members of FINRA and SIPC, and, in other jurisdictions,
locally registered entities. Investment products offered by Investment
Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank
Guaranteed

John Yiannacopoulos, +1-646-855-2314, john.yiannacopoulos at bankofamerica.com, or Victoria Garrod, +44-207-955-4437, victoria.garrod at baml.com, both of Bank of America Merrill Lynch