Toronto-based RBC Global Asset Management Inc. (RBCGAM), is stepping up its distribution efforts in continental Europe.

RBCGAM subsidiary RBC Europe Ltd. has hired Roland Schmidt as its director of Europe, the Middle East and Africa business development to help drive its distribution efforts in the European institutional market.

Schmidt, who is based in Frankfurt, focuses on the distribution of RBCGAM investment strategies, particularly expanding its presence in the German institutional market.

Prior to joining RBCGAM, he worked in institutional sales at Carmignac Gestion, Fidelity Investments, Baring Asset Management and M&G Investments.

“RBC Global Asset Management is committed to providing exceptional investment solutions to institutional clients globally. This growth in our distribution channel enhances our ability to provide clients in continental Europe with relevant investment solutions and valued service,” says Clive Brown, CEO of RBC GAM International, in a statement.