CHICAGO - Banc of America Securities LLC and Merrill Lynch & Co.'s ongoing efforts to merge their municipal departments advanced recently as the firms named regional, sector, and specialty group managers, sources said.

Most of the banking leads will report to managing director Ed Sisk, according to sources. He will serve as a liaison between most of the groups and report directly to the head of the municipal unit John Lawlor, according to an internal memo circulated earlier this month.

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