Bank of America Names Jean-Luc Dubois Head of European Commodities and Paul Barwell Head of European Energy Trading

NEW YORK and LONDON, March 26 /PRNewswire/ -- Bank of America today announced the appointment of Jean-Luc Dubois as head of European Commodities. Based in London, he is charged with growing the commodities business in Europe and reports to Jeffrey Pagano, head of EMEA Global Liquid Products, and Stephen Griffin, head of Commodities Sales, who is based in New York. In addition, the bank has named Paul Barwell head of European Energy Trading. Based in London, Barwell reports to Dubois and Paul Broderick, global head of Energy, who is based in New York.

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"Jean-Luc and Paul are extremely talented professionals with proven track records in building, running and expanding a franchise," said Richie Prager, head of Global Commodities. "The continued growth of our Commodities platform in the U.S. and Europe is a key initiative for our Global Markets business, and the combined expertise of Jean-Luc and Paul will be an asset to us in meeting the continually evolving needs of our client base."

A seasoned professional with nearly 25 years of commodities sales, marketing and trading expertise, Dubois has joined Bank of America from Koch Supply & Trading Ltd where he spent the past 10 years in varying capacities, including managing the international oil derivatives team; developing the firm's North American metals trading activity, and as a founding member of Koch Metals Trading Ltd. He holds a license in Geological & Mineral Sciences from UCL-LLN, Belgium and a degree in Business Administration from IAG-LLN, Belgium.

Barwell has also joined Bank of America from Koch Supply & Trading Ltd, where he spent the past seven years as head of derivatives trading for Europe and Asia. He brings nearly 10 years of energy derivative sales, trading and marketing experience to the bank and holds a degree in Management Studies from Swansea University.

Earlier this month, Bank of America launched coal and freight trading capabilities and announced the intent to enter carbon emissions trading pending, regulatory approval.

About 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 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 80 percent of the Global Fortune 500. Many of the company'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. Issued and approved by Banc of America Securities Limited. Banc of America Securities Limited is a wholly-owned subsidiary of Bank of America, N.A. and is authorised and regulated in the United Kingdom by the Financial Services Authority. For additional information, visit http://www.bankofamerica.com/