By creating a pool of commercial mortgages that will be convened to bonds, Denise Delaney, division executive of the Bank of Boston's new Real Estate Capital Markets group, is keeping both her bank and herself on the cutting edge of real estate finance.

"This is going to be a very big business, and if we don't stay in front, we'll lose our customer base," said Ms. Delaney, a former Bankers Trust New York Corp. official who joined Bank of Boston in 1989.

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