BarCap boosts German coverage with Frankfurt hires

Cristoph Brueggentisch will join in February as managing director and head of regulatory and accounting advisory services.

He joins the bank after 12 years at accountancy firm KPMG, where most recently he was in charge of financial risk management in the asset management insurance group.

Joining Brueggentisch’s team at Barclays Capital are Bernhard Gilgenberg and Marc Licharz, who both worked for him at KPMG. The bank said these appointments are a key part of a strategic initiative started early last year to build its services to banks, insurance companies and corporate clients across Germany, Austria and Switzerland.

Barclays Capital also appointed Theodor Knepper as a senior client coverage professional, focusing on banks in Germany. Knepper was formerly at the Munich-based Hypo Real Estate Bank.

The bank believes the new German covered bond legislation means the appointment of Knepper is of “strategic importance” as it tries to build market-share in the mortgage bank sector.

Both Brueggentisch and Knepper will report to Omar Selim, head of distribution and trading for Germany, Austria and Switzerland in its debt capital markets group.