Defined Contribution

NOW: Pensions gives interim CEO the position permanently

Troy Clutterbuck was named permanent CEO at NOW: Pensions, London, a spokeswoman said.

Mr. Clutterbuck became interim CEO in August 2017 when he replaced Morten Nilsson, who founded the £600 million ($826.6 million) multiemployer defined contribution plan in 2011. Mr. Nilsson joined Danish DC provider Grandhood as non-executive director in November, where he worked until March 2018.

"(Mr. Clutterbuck) has clearly demonstrated his credentials as CEO and shown strong leadership in recent months. The board is looking forward to working with him as NOW: Pensions enters its next phase," Henrik Ramlau-Hansen, non-executive chairman, said in a news release.

Since joining NOW: Pensions in 2016, Mr. Clutterbuck held the role of chief financial officer at the wholly owned subsidiary of the 768.5 billion Danish kroner ($125 billion) ATP, Hilleroed, Denmark.