FRANKFURT-Fernando Salazar has a new job. The 14-year veteran of Eurohypo AG has come to the European operations of the New York City-based Carlton Group to head up its new office here.

This will be Carlton's fifth formal office in the Euro Zone. In addition to outposts in Madrid, Milan, Tel Aviv and Athens, the investment banking firm also has a strong presence in Northern Europe and Russia. In the days since the credit crunch, Carlton lays claim to something on the order of $30 billion.

Salazar, who has originated or in some way structured transactions numbering in the billions of euros, will be responsible for originating and closing new transactions on behalf of financial institutions and individual borrowers.

Prior to joining Eurohypo, Salazar worked at Banco Bilbao Viczaya S.A. and Banco Central Hispanoamericano S.A. In his work over the years, he has served as lender in virtually every European country including Switzerland, Luxemburg, Belgium, Italy, Portugal, Greece, Turkey, Cypress, Italy, Germany, France and Spain.

In the new role, Salazar will work closely with chairman Howard L. Michaels and the other key senior members of the European team. Carlton is presently executing over $3 billion of investment sale and debt and equity transactions throughout Europe.