NEW YORK - Merrill Lynch & Co. has promoted Steven Narker to director of research for U.S.-based private clients and David A. Wilson to director of U.S. private-client investment policy.

Mr. Narker, who was Merrill's senior director of global equity marketing, will manage the research efforts for equities, fixed income, and mutual funds and help develop and market new research products for the firm's financial consultants. He will report to Andrew Melnick, director of global securities research and economics, and Joseph Moglia, head of U.S. private client investment performance and products.

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