August 04, 2006 at 10:00 AM EDT
Banc of America Securities Names Patrick Coleman Head of Global Markets Institutional Sales

NEW YORK, Aug. 4 /PRNewswire/ -- Banc of America Securities (BAS) today announced the appointment of Patrick Coleman as Head of Global Markets Institutional Sales. Based in New York, he reports to Mark Werner, Head of Global Markets. Coleman's team includes BAS' Global Markets sales professionals across all asset classes.

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"Pat's more than 20 years of experience across several asset classes make him the perfect fit to run our Institutional Sales platform," said Werner. "Leveraging his expertise to build on the strong foundation and talent already in place, we will continue to develop our sales organization into a top tier distribution platform across both debt and equity."

Mr. Coleman joined BAS in 2005 to launch the Government Institutions Group, which focuses on origination and distribution of agency and supranational paper. In early 2006, he assumed the role as Head of Global Commodities, with a focus on expanding the Bank's presence in those important markets.

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 Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit www.bankofamerica.com.

Source: Bank of America

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