Nicholas Clapp has been named managing director and CEO of TPT Investment Management, an outsourced CIO business overseen by multiemployer defined contribution plan TPT Retirement Solutions, Leeds, England, according to a news release.
He replaces Cliff Speed, TPTIM’s first CEO, who had been in the role since the unit was formed in October last year, and who has now left the business.
Clapp joined TPT Retirement Solutions as commercial director in May 2023, and is responsible for the commercial development across both defined benefit and defined contribution offerings. He will continue in this role while also heading up TPTIM.
Before TPT, Clapp was head of business development at Kempen Capital Management, leading the fiduciary management sales team. He has also held senior business development and consulting roles at Hymans Robertson and XPS Pension.
“I’m thrilled to take over the leadership of TPTIM as we launch our new fiduciary management service,” Clapp said in the news release. “Our distinctive ownership model allows our fiduciary management services to stand out, providing value, operational simplicity, and the ability to invest at scale in private markets.”
Chris Dickins has also been named client director for TPTIM, and will be responsible for leading client relationships with trustees who use the firm’s DB Connect and fiduciary management services.
Dickins previously was a director at Van Lanschot Kempen Investment Management, where he was responsible for leading and managing client relationships within its fiduciary management business. Van Lanschot Kempen IM officials couldn't immediately be reached regarding information about a replacement for Dickins.
Valia Tzoka also joined TPTIM as operations and reporting manager. Valia will be responsible for TPTIM’s client reporting and will incorporate new datasets into the reporting process to help support client engagement and decision-making. She previously was a client reporting manager at Millennium Global Investments for 16 years. Millennium Global Investments officials couldn't immediately be reached regarding information about a replacement for Tzoka.
TPT Retirement Solutions has about £10 billion ($13.1 billion) in assets, oversees pension plans for 2,600 employers and supports more than 400,000 participants.
