Glenn Engel Joins BofA Merrill Lynch Global Research as Senior U.S. Airlines Analyst

NEW YORK, April 14 /PRNewswire/ -- BofA Merrill Lynch Global Research today announced that Glenn Engel has joined the firm as the senior U.S. Airlines analyst. Engel will be based in New York and report to Steve Haggerty, head of BofA Merrill Lynch Americas Equity Research.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090812/CL60095LOGO )

Most recently, Engel spent nearly three years as an industrials analyst and managing director at Maverick Capital. Prior to that, he worked in research at Goldman, Sachs & Co. for 22 years and was the senior airlines and aerospace analyst from 1990 to 2006. He also served on that firm's stock selection committee from 2005 to 2006 and as co-head of Financial Analyst Training from 1995 to 1997. Engel began his career at Kidder, Peabody & Co. in 1980, where he spent four years as a research analyst. During his career, Engel ranked among the top-rated airline analysts in Institutional Investor/Greenwich polls from 1991 to 2005 and was chosen "Best on the Street" in stock picking by The Wall Street Journal in 2000, 2002 and 2005.

"I am very pleased that Glenn has joined America's Equity Research team as a senior U.S. airlines analyst," said Haggerty. "Glenn's years of experience are consistent with our goal of offering seasoned, tenured analysts to our clients."

Engel graduated from Princeton University with an A.B. cum laude in economics.  He also earned an M.B.A. with distinction from New York University's Stern School of Business.

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 ranked No. 1 in the 2010 Institutional Investor All-Emerging Europe Research team survey and No. 3 in the 2010 Institutional Investor All-Europe team survey for pan-European coverage. In addition, the group was named 2009 Top Global Broker, Top U.S. Broker and No. 2 Europe Broker by Financial Times/StarMine and 2009 Best Brokerage by Forbes/Zacks; No. 2 in the 2009 Institutional Investor 2009 All-Brazil Research team survey; and No. 3 in the 2009 Institutional Investor 2009 All-America Equity, All-Latin America and All-America Fixed-Income Research team surveys.

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.

www.bankofamerica.com

SOURCE BofA Merrill Lynch Global Research