PaineWebber Inc. Names Executives

director and co-head of the structured products department in its global fixed-income division.

Mr. Barnes will share responsibility for managing the department with Patrick J. Gallaway, managing director.

Mr. Barnes was head of the structured product business at Bear Stearns. Earlier he was a member of Bear Stearns' mortgage-backed securities group. He has 10 years of structured product experience.

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