James F. Haddon, a former managing director at PaineWebber Inc., has been named a senior managing director and manager of the infrastructure group at Smith Barney Shearson Inc.
Haddon, who assumed his new post yesterday, will oversee the firm's infrastructure finance efforts. He will report to Frank Chin, executive vice president in Smith Barney Shearson's public finance department.
Commenting on his post, Haddon, 39, said the position provides a "challenging opportunity to join Smith Barney and help them in their new efforts in the infrastructure area.
"It was a decision I thought about for a long time," Haddon said.
Prior to joining Smith Barney Shearson, Haddon spend his entire public finance career at PaineWebber. He joined PaineWebber in 1980, and most recently served as cohead of the firm's Northeast infrastructure group. During his tenure, Haddon focused on structuring deals for large northeastern cities such as New York City, Philadelphia, Detroit, and Washington, D.C.
PaineWebber will not name a replacement for Haddon, said Terry Atkinson, a managing director and division manager of the municipal securities group. Instead, Haddon's accounts have been reassigned to other senior bankers, Atkinson said.
At PaineWebber, Haddon also worked in the firm's student loan finance group.
In October 1992, Haddon was cited by Black Enterprises magazine along with seven other municipal finance professionals as one of "the 25 hottest blacks on Wall Street."