Lloyd stops working for Patriciu, as well

British-born Michael Lloyd, the man who has assisted billionaires Gabriel Popoviciu and Dinu Patriciu in their real estate businesses over the last ten years has decided to stop working with the former owner of the Rompetrol group, leaving his position at the helm of Quintet company, as well as his position of non-executive manager of the Rutley fund controlled by Patriciu.

Through Quintet, an asset management company that Lloyd established two years ago, as well as directly, the Brit has provided assistance to Dinu Patriciu in acquiring and managing Fabian, Deutsche Land and Rutley investment funds lately, on which Patriciu bet more than 100 million euros despite the ongoing crisis.

"I will continue my private business in Romania and I will also focus on new business initiatives, both in Romania and in the UK," Michael Lloyd told ZF.