Salomon Smith Barney has moved its entire derivatives group to the firm's disaster recovery facility in Rutherford, N.J. The group was forced to move from its headquarters at 390 Greenwich Street in TriBeCa, Manhattan, following the collapse of the Twin Towers. The firm's headquarters is about eight blocks from the World Trade Center. The building is structurally sound, but New York authorities have closed off access to Manhattan below 14th Street, according to an official. "We are fully operational here in Rutherford. We created this disaster facility some time ago," the official added. He is uncertain when the group will be able to return to
New York.
