Salomon Smith Barney has moved its German equity sales platform from London to Frankfurt in a move which underlines the firm's expansion of its local equities operations in continental European equities business.

The firm has appointed Stefan Mülheim as head of European equity sales in Frankfurt, and he will transfer from London to Frankfurt with Nicola Riley and Philip Piltz from the London office. Mülheim was previously a director in European equity sales to German clients based in London, having joined Salomon from Warburg Dillon Read in 1997.