Kenneth Tuchman Joins Bank of America's Consumer and Retail Corporate & Investment Banking Group

NEW YORK, June 18 /PRNewswire/ -- Bank of America today announced that Kenneth Tuchman has joined Banc of America Securities as Vice Chairman - Consumer and Retail reporting to Paul Donofrio, Global Head of Consumer and Retail. Ken will be based in New York and will work closely with David Russell, U.S. Head of Consumer and Retail.

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"Ken's extensive experience providing M&A advisory services to clients as well as his deep industry knowledge and client relationships in the Consumer and Retail sector will be a great asset to our franchise," said Donofrio. "We look forward to leveraging his insight and proven leadership abilities with our current leadership team."

Bank of America's Consumer and Retail Group consistently ranks as one of the top investment banking groups within its industry and is a market leading franchise for Bank of America. The group has specialties in a broad range of sectors including Branded Consumer Products, Food & Beverages, Restaurants and Retail.

Tuchman was previously Chairman of Global Banking for the Americas and Global Head of the Retail and Consumer Group at Dresdner Kleinwort. Prior to that, he was Vice Chairman of Wasserstein Perella. He spent nearly 16 years at Lehman Brothers where he rose to co-head of the Global M&A Group and was also Head of the Consumer and Retail Group. Tuchman received a J.D. degree from the University of Pennsylvania Law School and an M.B.A. degree from the Wharton School of the University of Pennsylvania.

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 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 http://www.bankofamerica.com/.