Michael Maras

Professional Background

Mr. Michael Maras is a Managing Director at BofA Merrill Lynch, Research Division since 1997 and also its Head of Global Credit Research, and Head of Global Emerging Markets Fixed Income Research, Commodities and Equity Derivatives Strategy. Mr. Maras covers high grade, high yield, credit strategy, credit derivatives, mortgages and other structured finance, convertibles, municipals and indices at the firm. He is responsible for running a team fixed income and equity derivatives analysts across the world. Earlier, Mr. Maras was a Manager at the firm. He joined the firm in 1996 as Head of European Equity Derivatives Research, and became Head of Global Equity Derivatives Research the following year. In April 2002, Mr. Maras was appointed Head of the Equity Derivatives, Convertible Research and Global Equity Linked Research. In April 2003, he became Head of the Credit and Equity Linked Research group. From May 2004 to January 2009, Mr. Maras was Head of Global Fixed Income and Equity Linked Research. He was a part of the global ETF strategy team at the firm. Prior to this, Mr. Maras was Global Head of Equity Derivatives Research at HSBC Securities. He began his career as an Equity Derivatives Analyst at Smith NewCourt Securities. Mr. Maras has a Bachelor's degree in Economics and Statistics from the National and Kapodistrian University of Athens, School of Law, Political-Economic Sciences. He also has a Master's degree in International Banking and Economics from Cardiff Business School, University of Wales, and a Master's degree in Econometrics from Southampton University.