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JAMES ZELTER JOINS SMITH BARNEY SHEARSON AS HEAD OF HIGH YIELD TRADING AND SALES; BUILD-UP IN HIGH YIELD SECTOR CONTINUES

 NEW YORK, Sept. 29 /PRNewswire/ -- James C. Zelter has joined Smith Barney Shearson Inc. to head trading and sales in its expanding High Yield Securities group, it was announced today by Robert F. Greenhill, chairman and chief executive officer. Mr. Zelter was also named a senior managing director.
 Mr. Zelter, 31, came to Smith Barney Shearson from Goldman, Sachs & Co., where he was the senior high yield securities trader. The high yield trading and sales unit Mr. Zelter now manages is a growing component of the firm's Capital Markets Division, which covers all of its trading groups and is headed by Steven D. Black, vice chairman.
 "The fact that Jim Zelter has joined our firm is a clear signal of our serious commitment to the high yield sector of the marketplace," said Mr. Greenhill. "His talents and experience round out the other elements supporting that commitment, particularly our sales network, research, our expanding investment banking presence in the high yield area, and capital deployment behind the product."
 Mr. Black noted that in the past several months, Smith Barney Shearson has added several key people to its high yield effort, including E.J. Pipkin, formerly of Donaldson, Lufkin & Jenrette, who joined the firm in August as sales manager for the unit. Said Mr. Black: "We believe that the team we have put in place enables us to compete effectively in the high yield sector with any firm in the industry."
 Smith Barney Shearson is a wholly owned subsidiary of Primerica Corporation (NYSE: PA), the diversified financial services company, with assets of $27 billion. Primerica is engaged in investment, insurance and consumer finance services.
 -0- 9/29/93
 /CONTACT: Bob Connor of Smith Barney Shearson Inc., 212-698-3123/
 (PA)


CO: Smith Barney Shearson Inc. ST: New York IN: FIN SU: PER

MP-TS -- NY008 -- 6686 09/29/93 09:16 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
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