At a recent conference in New York, William L. Hartmann gave a concise, well-received lecture on the convergence of the high-yield bond and bank loan markets.

What was not as clear was what firm Mr. Hartmann represented. His Citibank business card reflected his past as the former head of loan syndications for that bank. But his nametag read "Citibank Salomon Smith Barney," a name he conceded did not exactly roll off the tongue.

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