Schroder Property, the £10bn (€14bn) real estate arm of the UK investment manager, has recruited a head of fund management for Germany and transferred its global head of fund management to the country, in a move aimed at strengthening both its investment capabilities and client base there.

Mark Wolter joins Schroders from AMB Generali Immobilien in Germany, where he was head of portfolio strategy, responsible for strategic and tactical asset allocation for about €4bn ($6.1bn) in real estate. In his new role as head of fund management for Germany, he will be responsible for bolstering operations in the country.