Schroder Salomon Smith Barney has recruited Christian Ganssmueller from Deutsche Bank as head of fixed income for Germany as it continues to expand its German investment banking business.

The addition of Ganssmueller, from Germany's most dominant bank, follows soon after the appointment of Mark Woessner from German publishing company Bertelsmann as chairman of Citigroup Germany and testifies to the financial services group's determination to develop its operations in the country.