John Hallacy, a 35-year industry veteran, is retiring as head of municipals research at Bank of America Merrill Lynch effective the end of July, he confirmed late Monday.

Hallacy, 57, spent 23 years with the firm. He spent more than fourteen years managing Merrill Lynch’s overall municipal bond credit research effort and was a tax-backed and general municipals research analyst. Hallacy assumed his existing title on Jan. 6, 2010.

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