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Monday, February 10, 2014

Itaú investor relations head Calderon steps down, Kopel to replace, (NYSE: BAC), (NYSE: ING)

Rogerio Calder�n quit as Ita� Unibanco Holding SA's head of investor relations, to pursue other professional interests after six years at Brazil's largest bank by market value, the company said on Monday. Calder�n's effective departure will take place on April 30, once a transition period is completed, according to a statement released by Ita�. Calder�n, who also acted as vice president for risk management and compliance, will be replaced by Marcelo Kopel, the statement said.According to the statement, Kopel has been a finance director at Redecard SA, which Ita� bought out in 2012, as well as for the Brazilian unit of ING Groep NV and Bank of America Corp.Prior to his stint at Ita�, Calder�n was an exective at Uni�o de Bancos Brasileiros SA, which Ita� acquired at the end of 2008 in what is so far the largest bank merger in Brazil. Previously he acted as a consultant for financial and auditing firm PriceWaterhouseCoopers for about two decades, and as a senior executive for Bunge Ltd.Preferred shares of Ita�, the bank's most widely traded class of stock, shed 0.9 percent to 31.53 reais on Monday, a second straight decline. The stock is up 8.8 percent over the past 12 months.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 0.78% or $0.13/share to $16.82. In the past year, the shares have traded as low as $10.98 and as high as $17.42. On average, 106175000 shares of BAC exchange hands on a given day and today's volume is recorded at 152015504.

ING Groep N.V. (ING) is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. Shares of ING traded higher by 1.02% or $0.14/share to $13.91. In the past year, the shares have traded as low as $7.00 and as high as $14.93. On average, 1626200 shares of ING exchange hands on a given day and today's volume is recorded at 1346430.



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