Hansainvest Lux will switch to a dualistic structure with the management board and supervisory board on 1 July 2019. Christian Tietze has been appointed to the new board.
In addition to Tietze, who will be responsible for administration and legal & fund set-up in the future, the current managing directors Frank Linker and Martin Schulte will act as directors.
Linker continues to be responsible for the Financial Assets division and Schulte heads the Alternative Investments division.
The Supervisory Board is composed of Marc Biermann, Jörg W. Stotz and Ludger Wibbeke.
Stotz said: "Adapting to a dualistic structure with the Executive Board and the Supervisory Board has the advantage that the decision-making body will in future be based in Luxembourg and not - as in the form of the Board of Directors - at the parent company Hansainvest in Hamburg."
"The new structure and the increase in staff lead to a further sharpening of responsibilities, especially in the area of alternative investments. The changes are also aimed at optimizing our quality of service in Luxembourg, even during periods of strong growth, while at the same time continuing to provide customers with individual and personal advice," added Schulte.
Tietze has been working in the fund industry in Luxembourg for more than twelve years. Over the past five years, he has been responsible for the development and expansion of the German business for Axxion, where he previously headed the legal & fund set-up business.