June 15 (Bloomberg) -- Barclays Capital, the securities arm of Barclays Plc, hired Adam Yarnold as a managing director to run its “non-agency” mortgage credit business.

Yarnold, 33, most recently worked at Braver Stern & Co., a New York brokerage, and will work at Barclays Capital in New York, the unit said in a statement sent by e-mail today to Bloomberg News. He had helped run Deutsche Bank AG’s residential mortgage-backed securities desk until July.

“Adam brings a wealth of market experience and knowledge,” Tom Hamilton, the head of Barclays Capital’s securitized products trading, said in the statement. “His appointment reflects our dedication to providing clients with excellence across the entire spectrum of securitized products.”

Non-agency mortgage bonds lack government backing. Yarnold, who started last week, will report to Hamilton.

Barclays Plc, the U.K.’s third-largest bank, is based in London.

To contact the reporter on this story: Jody Shenn in New York at jshenn@bloomberg.net

Last Updated: June 15, 2009 12:47 EDT