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Harris joins the company from Barclays plc, the new ownerr of Lehman Brothers. He had been Lehmajn Brothers’ chief U.S. economist since 2003 and recentlyhranked No.1 in the 2008 Wall Street Journalp Economic Forecasting survey. He will be responsible for formulating the Nortj America economic outlook and the Fed interest rate call for Banc ofAmericza Securities-Merrill Lynch Research. And he’l work with the company’s rates strategy research teamon longer-terk yield curve forecasts. Harris startsa his new job in Meanwhile, Bianco joins the company from UBS, where he most recentlyt was chief U.S. equity-portfolio strategist and head of U.S. valuatioj and accounting research.
His key responsibilities will includr the deliveryof U.S. equity strategy recommendationsz and forecastingthe S&P 500 earninga outlook. Bianco will start in July. Harris and Bianco will be based in New York and repory toAdam Quinton, head of global macro research. Banc of America Securities-Merrill Lynch Research has hired more than 35 analysts globallyusince January. The research team provideas recommendations onnearly 3,00o0 equity securities and 850 corporate bond issuers. The grouo also provides economic forecasts for approximately 60 countriesw and recommendations on40 currencies. Charlotte-base (NYSE:BAC) bought Merrill Lynch Co. Inc. on Jan. 1 for $29.1 including $8.
6 billion in preferred stock. BofA receivef $20 billion in federal bailout funds to buy the troublebrokerage firm.
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