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""Bank of America Merrill Lynch"":http://www.bankofamerica.com/index.cfm?page=corp announced this week that Alan Todd will join the group in August as head of U.S. commercial mortgage-backed securities (CMBS) research.
Todd joins the company from JPMorgan, where he served in the same capacity as head of U.S. CMBS research since
[IMAGE] [COLUMN_BREAK]2005. He also spent five years at Bear Stearns, also in CMBS research.
Todd correctly called the recovery of the U.S. CMBS market since the 2009 bottom and the decline of the U.S. CMBS market in 2008, BofA said in a statement. He is currently ranked No. 1 in the CMBS category of the _Institutional Investor_ All-America Fixed Income Research team survey and has been among the top-ranked analysts for the past five years.
In his new role, Todd will be responsible for generating trade-specific research recommendations to external and internal clients in both cash and synthetics. He will also focus on providing macro-level overviews and analysis of domestic CMBS and commercial real estate markets.
""With more than 11 years of experience and market-leading insights into the U.S. CMBS space, Alan has a proven track record of making timely market calls and invaluable investment recommendations,"" said Chris Flanagan, head of U.S. mortgages and structured finance research at BofA Merrill Lynch.
