TPT Retirement Solutions as appointed Paddy Lye to its executive board as chief operating officer.
Lye joins from the British Business Bank, where he also held the role of COO. This is the UK government funded bank offering loans to UK small businesses, and supporting equity finance into private market opportunities in the UK.
Prior to this Lye has also worked as a management consultant at KPMG, advising on customer and digital transformation. He has also previously worked for the Nationwide Building Society.
In his new role, Lye will oversee TPT’s pensions administration, technology delivery, change management, and supply chain and procurement functions, and lead the development of the company’s technology and future growth plans.
Lye will report to David Lane, chief executive officer at TPT. He replaces Ash Price as COO who has retired.
Lane says: “[Lye’s] wealth of knowledge and experience will be a valuable addition to the team at an exciting time for TPT. As we look to enhance our digital and data capabilities to keep up with the company’s growing business size and ambitions, Lye will be critical in aligning our products and services with our client needs and the market’s demands. ”
Lye add: “I look forward to working with the team to develop our strategy for growth and digital transformation.”