Bill Galvin will become CEO of U.K. retirement governance, advisory, investment and technology group 3173 effective March 1.
Galvin, who becomes CEO designate effective Jan. 22, will replace Brian Spence, also founder of the firm. Spence will continue in a non-executive role as deputy chair, a news release said.
Galvin will be based in the Belfast head office, a spokesperson confirmed. The firm, 3173, is the holding company for businesses including professional trustee Dalriada trustees; technology business Mantle; and consultants, actuaries and administration firm Spence & Partners. Galvin will support Chris Robert, Alan Collins and Mike Selby — managing directors of Dariada, Spence & Partners and Mantle, respectively, as they grow their businesses, the release said.
"Bill's appointment as CEO designate, is another step forward in our ongoing management transition process to position the group for its next phase of its growth and follows the appointment of managing directors for each of the businesses announced in 2022," Spence said in the release. "Bill's experience and long track record makes him the ideal candidate to lead and support the group's businesses through the ever-evolving pension market."
The firm also has offices in Birmingham, Bristol, Glasgow, Leeds, London and Manchester. It is owned by the management team and growth investor Synova.
Galvin was CEO at Universities Superannuation Scheme, London, which had a total £75.3 billion ($93 billion) in assets as of March 31. He joined the pension fund in 2013 from the Pensions Regulator, where he was also CEO. Carol Young took over as CEO at USS in September.