The executives will lead the entertainment industries coverage unit in their newly formed positions as co-heads.
The duo is responsible for portfolio strategy, client coverage, credit execution and risk management in addition to advising clients on capital structure alternatives.
Bank Of America Merrill Lynch recently led transactions totalling more than $3bn for such clients as CAA, Open Road Films, Dune Entertainment, Legendary Pictures, New Regency and MGM Studios.
Stearns began his career on the content side of the entertainment Industry, holding various positions in physical production for motion picture and television companies. He worked at Morgan Creek Productions and The Shooting Gallery.
Timmons (pictured) began his career in consulting with Accenture in San Francisco, where he spent five years advising a wide range of clients within the financial services and technology sectors.