Barclays Capital, the investment banking arm of Barclays, has made two appointments for the bank's Frankfurt office.

Steffen Dahmer, previously head of credit trading at DG Bank, joins Barclays as a director and head of European Pfandbriefe trading. Pfandbriefe are mortgage based bonds issued by German state-backed institutions. Dahmer will also be a member of the Barclays Capital management committee in Germany.