TPT Investment Management appoints Nicholas Clapp as MD and announces new senior hires

Nicholas 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 alongside heading up the TPTIM function.  Before this, Nicholas served as Head of Business Development at Kempen Capital Management, leading the fiduciary management sales team. He has also held senior business development and consultancy roles working with corporates at Hymans Robertson and what is now XPS. Nicholas Clapp replaces Cliff Speed, who has left the business. Peter Smith and Nic Ashworth continue in their roles leading on investment and operations respectively.

In his role as Client Director for TPTIM, Chris Dickins will be responsible for leading client relationships with trustees who use the firm’s DB Connect and Fiduciary Management services. Prior to joining, Chris served as a Director at Van Lanschot Kempen Investment Management, where he was responsible for leading and managing client relationships within its fiduciary management business.  

Valia Tzoka also joined TPTIM as Operations & Reporting Manager. Valia will be responsible for TPTIM’s client reporting and will incorporate new data sets into the reporting process to help support client engagement and decision-making. She joins TPTIM from Millennium Global Investments, where she served as a Client Reporting Manager for 16 years.

The leadership changes follow the launch of TPTIM’s new fiduciary management service. This service builds on the successful model of scheme consolidation for the benefit of defined benefit pension schemes. TPT uses a range of asset class specific funds to aggregate the assets across clients, generating immediate scale benefits across a wide range of strategies. This enables schemes to benefit from increased diversification, reduced fees through economies of scale, high quality governance, and ongoing investment expertise.

Nicholas Clapp, Managing Director of TPT Investment Management, comments:  

“I’m thrilled to take over the leadership of TPTIM as we launch our new fiduciary management service. 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. The new offering aims to provide better value to the schemes, incorporate the highest levels of stewardship and deliver better outcomes for members. I would also like to welcome Chris and Valia to the business. Their extensive experience and industry knowledge will ensure they both make valuable contributions to our future growth.”

David Lane, Chief Executive of TPT Retirement Solutions, said:  

“TPTIM’s new leadership team has an excellent track record and a readiness to take on the challenges and responsibilities of running an important part of our business.  I look forward to working closely with them as we grow TPTIM in line with our clients’ high expectations. These new appointments will focus on our high-quality client offerings and deliverables as we grow our new fiduciary management service.”

Notes to Editors:

TPT Retirement Solutions (TPT) is one of the UK’s leading providers of workplace pensions with over 75 years’ experience of managing defined benefit and defined contribution pension schemes. It has £9.6 billion of assets under management (as at 30 September 2023) and more than 450,000 members.

TPT’s mission is to make pension schemes perform better for everyone, from the sponsoring employers and trustees to the members who are saving for the future. It is an innovative, forward-thinking organisation, investing in technology to improve the services they provide. TPT is ultimately owned by a pension fund, providing genuine alignment of interests with those of its clients and scheme members.

TPT Retirement Solutions Limited is wholly owned by Verity Trustees Limited in its capacity as trustee of The Pensions Trust. TPT Retirement Solutions Limited provides pension management and administration services to UK pension schemes.

TPT Investment Management Limited is a wholly owned subsidiary of TPT Retirement Solutions Limited. TPT Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FCA) and provides investment management and consultancy services to UK pension schemes.

Registered address: Verity House, 6 Canal Wharf, Leeds LS11 5BQ.