Klaus Pinter is taking the reins at Lloyd Fonds as the German financier prepares to roll out a new strategy.

Pinter was today confirmed as the sole member of the management board just a couple of weeks after Torsten Teichert‘s shock exit was announced.

The long term chief executive is departing after a disagreement over strategic direction.

Stefan Rindfleisch, chairman of the Supervisory Board, said: “The baton is being passed to Klaus Pinter, a proven investment expert.