Salomon Smith Barney acquired a powerful asset for its commercial mortgage-backed securities roster last week, as CMBS veteran Joseph Franzetti, formerly of Duff & Phelps Credit Rating Co., climbed on board to head up Salomon's commercial conduit loan project.

"We hired Joe in an effort to bolster our staff and expand our market share," said David Tibbals, managing director of Salomon Smith Barney's mortgage finance group. "Joe is a seasoned veteran in the market and he will truly add value to our department."

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