Michael Caulfield Joins Banc of America Securities' Global Industries Investment Banking Group

NEW YORK, April 11 /PRNewswire/ -- Banc of America Securities LLC (BAS) today announced that Michael Caulfield has joined the Global Industries Investment Banking group as managing director in the Diversified sector, where he will have coverage responsibility for a portfolio of large cap names as well as the Security sub-sector. Caulfield is based in New York and reports to Keith Hennessey, managing director and head of Diversified.

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"Michael's deep transactional experience and industry expertise will enable us to expand significantly our presence in the Diversified space," said Hennessey.

"In recent months, we have added several leading bankers to the Global Industries team and are pleased to welcome Michael as the latest in this string of new talent. We look forward to his leadership," added Tony Magro, head of the Global Industries Banking group.

Caulfield comes to BAS from Morgan Stanley where he was a managing director in the Industrials group and responsible for covering a diversified portfolio of large-cap and security companies. Prior to Morgan Stanley, he spent 11 years at General Electric Capital Corp., where he was most recently a managing director and head of the Corporate Finance group. In this capacity, he advised GE Capital and GE Divisions on capital structuring, M&A, acquisition financing and private equity.

Caulfield received an MBA from the Wharton School of the University of Pennsylvania and a BA from the University of Minnesota.

Banc of America Securities' Global Industries group is a leading advisor to major corporations in such sectors as Aerospace & Defense, Auto & Auto Parts, Chemicals, Diversified, Packaging, Building Products, Paper & Forest Products and Transportation & Logistics. The Group's leadership in these sectors is underscored by its prominent role in several market leading transactions, including lead M&A and financing roles in the purchase of Covalence Specialty Materials by Apollo Management; lead M&A and financing roles in the sale of Aearo Technologies to Permira Advisors; joint book runner roles in equity transactions for Walter Industries, Albany International and Knoll Inc., and joint book runner roles in debt transactions for Johnson Controls, Corrections Corp. of America and Westlake Chemical Corporation.

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 150 countries and has relationships with 97 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/