Bank of America Merrill Lynch Names Peter Johnson Head of Global Futures and OTC Clearing

NEW YORK--(BUSINESS WIRE)-- Bank of America Merrill Lynch announced today that Peter Johnson will join the company as managing director and head of global futures and OTC clearing. In this role, Johnson will assume global responsibility for all futures, options and OTC derivatives clearing.

Johnson, who is expected to join the company in October, will be based in Chicago and report to Denis Manelski, head of global short rates trading and Stu Hendel, head of global prime brokerage.

"Peter is a highly regarded industry veteran with a proven track record. Bringing him on board underscores our commitment to the futures and OTC space at a critical time as the industry continues to evolve,” said Manelski and Hendel. "We are delighted to welcome him as a member of our leadership team."

Johnson joins the firm from JP Morgan, where he held a variety of senior leadership roles during the last 19 years, including his most recent post as head of global futures, options and OTC clearing. Previously, he served as North American head of futures and options, and head of JP Morgan’s Chicago futures office.

Bank of America Merrill Lynch is a leading global provider of equity, options and futures trading, sales and research services to mutual funds, hedge funds, broker-dealers, pensions, endowments and other institutions.

Bank of America Merrill Lynch's prime brokerage platform was ranked No. 1 in Capital Introductions and No. 1 in Europe in Global Custodian's 2010 Prime Brokerage Survey. In addition, the company was named Best Synthetic Provider in Global Investor/isf's 2010 Synthetic Financing Survey and Most Innovative in Prime Brokerage for 2010 by The Banker magazine.

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 58 million consumer and small business relationships with 5,700 retail banking offices, more than 17,800 ATMs and award-winning online banking with 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 approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 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, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp, which are 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.