NEW YORK - Smith Barney has hired David Randle and Brett Marvin for its mortgage-backed securities department.

Mr. Randle, 29, will be a vice president in derivatives trading. He most recently worked on the inverse floater trading desk at Prudential Securities.

Mr. Marvin, 35, will be director and head of adjustable-rate, mortgage- backed securities trading. He most recently was a director at Kidder, Peabody & Co.

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