Investing

Pensions Infrastructure Platform picks head of asset management

Andy Clapp was named head of asset management at Pensions Infrastructure Platform, an infrastructure investment manager for U.K. pension funds, a spokesman said.

The role is new. Mr. Clapp starts in February and will focus on PIP's multistrategy infrastructure fund.

"(Mr. Clapp) has perfect experience to lead our asset management function," CEO Paula Burgess said in a news release.

PIP manages pension funds' investments in renewable energy, transportation and social infrastructure, managing commitments and external investments of close to 2 billion ($2.6 billion).

Mr. Clapp previously worked as director at Dalmore Capital. A Dalmore spokesman could not be reached immediately to comment about a replacement.