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February 22, 2010 Monday 2:31 PM GMT
SECTION: BUSINESS NEWS
LENGTH: 120 words
HEADLINE: Bank of America hires 2 former Merrill executives
DATELINE: NEW YORK
Bank of America Corp. says former Merrill Lynch executives Sam Chapin and Todd Kaplan are returning to serve as executive vice chairmen of its global banking operations.
The two investment bankers have a long history with Merrill Lynch, which was purchased by Bank of America in January 2009. Chapin spent 26 years with Merrill, serving as a vice chairman and member of the executive client coverage group from 2003 to 2009.
Kaplan logged 22 years at Merrill, where he was in charge of the global principal investments unit. He most recently served as the investment banking head at Citadel Investment Group.
Both men will report to Tom Monta, president of the Bank of America Merrill Lynch Global Banking and Markets business.
LOAD-DATE: February 22, 2010