GERMANY - The treasurer of the Hewlett-Packard pension fund in Germany, Hubert Teichmann, has left the fund to set up his own business, the company said.

Manfred Neuffer, manager of compensation and benefits of the pension fund at the German division of the US technology firm, said Teichmann left at the end of April to start his own business within “the pension management area”.

“In the future, our colleagues in US are going to_be responsible for the pension fund management,” Neuffer added.

Teichmann could not immediately be reached for comment.