Phil Fischer, 30-year public finance veteran and previous head of municipals research at Bank of America Merrill Lynch, is returning to the firm to lead municipals and indices research, sources at B of A confirmed.

He was head of the municipals research group from 2004 until 2009, when he retired. After he left BofA, Fischer started a consulting firm with municipal bond attorney John Sprung, where he has been working as a managing partner.

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