RBC Wealth Management, part of Royal Bank of Canada has appointed Hermann Leiningen to the newly-created position of managing director of family office and institutional investments.

RBC Wealth Management, part of Royal Bank of Canada, has appointed Hermann Leiningen to the newly-created position of managing director of family office and institutional investments.

Based in London, he reports to Mark Fell, head of global ultra high net worth services, RBC said in a statement.

Leiningen will be responsible for building RBC Wealth Management’s ultra-high net worth investments business, targeting global family offices based in Europe, as well as supporting the growth of the institutional business.

Leiningen has over 25 years of experience and has held various roles within Royal Bank of Canada, having worked for both the RBC Global Asset Management and RBC Capital Markets as an investment strategist for the private client division in Toronto, vice president of institutional sales in Lausanne, and also head of the investment committee for RBC Suisse in Geneva.

“Hermann’s extensive international, institutional and investment experience, combined with an in-depth knowledge of our global capabilities, makes him perfectly positioned for this new role. He will prove to be an invaluable member of the team as we continue to build out our UHNW offering,” said Fell.

In other news, last month RBC Wealth Management brought in Marcus Schalkwijk - latterly of Merrill Lynch - as an investment advisor in St Michael, Barbados, serving high net worth and ultra-high net worth clients.