Banc of America Securities, seeking to round out the investment banking and capital markets services it provides to fellow financial companies, plans to announce today that it has hired three senior executives for its financial institutions practice from Merrill Lynch.

"Financial institutions have been one of the largest users of the capital markets, and we want to be a top" underwriter and adviser to them, said Andrew Cooley, head of the global credit fixed-income capital markets group, which includes financial institutions coverage.

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