Banc of America Securities' Global Industries Corporate & Investment Banking Group Expands Industry Expertise and Midwest Presence

Eric Hirschfield and Paul Hawkinson Join BAS' Chicago Office

NEW YORK, Sept. 13 -- Banc of America Securities LLC (BAS) today announced that Eric Hirschfield and Paul Hawkinson have joined the Global Industries Corporate & Investment Banking Group as managing directors. Hirschfield joins as Head of Packaging, reporting to Tony Magro, managing director and head of the Global Industries Group. Hawkinson will cover the Auto sector, reporting to Scott Ullem, managing director and head of Midwest Industrials. Both are based in Chicago. Hirschfield and Hawkinson join a growing team of Global Industries bankers based in the Chicago office, following the appointment in June of Scott Ullem from Goldman Sachs to head Midwest Industrials.

"Eric and Paul are welcome additions to the team and just the latest examples of the exceptional talent that has joined the Global Industries Group over the past two years," said Magro. "Eric's in-depth knowledge of the packaging industry and Paul's track record working with automotive manufacturers and suppliers will be valuable as we deepen our sector expertise across Global Industries to enhance the quality of counsel we can provide to our clients."

Hirschfield is an eighteen-year veteran of corporate finance and merger advisory. He was most recently head of Packaging, Metals & Mining at Deutsche Bank. Prior to Deutsche Bank, Hirschfield was a managing director in the Mergers & Acquisitions Group at Societe Generale/Lodestar Group. He received a BS from Indiana University.

Hawkinson also comes to BAS from Deutsche Bank where he worked in the Industrial Practice, focused on providing corporate finance and merger advisory services primarily to automotive companies. Prior to Deutsche Bank, Hawkinson was a senior auditor in the Financial Services Practice at Deloitte & Touche. He received an MBA from Northwestern University and a BA from North Park College.

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 global coordinator roles in the $2.4 billion bond offering for United Technologies and $4 billion debt IPO for ResCap (GM); lead M&A and financing roles in the sale of American Tire Distributors and the sale of Custom Building Products; M&A advisor in the spin-off of Chaparral Steel by Texas Industries; and M&A advisor in the sale of the Marketing Services Division of Cendant.

About Bank of America

Bank of America is one of the world's leading financial services companies. The company's Global Corporate and Investment Banking group (GCIB) provides investment banking, equity and debt capital raising, research, trading, risk management, treasury management and financial advisory services. Through offices in 32 countries, GCIB serves domestic and international corporations, institutional investors, financial institutions and government entities. 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 www.bankofamerica.com