Robert F. Greenhill, former president of Morgan Stanley Group Inc., will join the newly forming Smith Barney Shearson as chairman and chief executive officer, Primerica Corp. said yesterday.

Greenhill replaces Frank G. Zarb, who had been chairman and chief executive of Smith Barney, Harris Upham & Co. - a unit of Primerica and also the new company's parent. Greenhill also will join Primerica's board of directors.

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