TPT Investment Management (TPTIM) has appointed Nicholas Clapp as its new managing director.
As part of a wider expansion of its senior team, TPTIM has also hired Chris Dickins as client director and Valia Tzoka as operations and reporting manager.
Clapp will replace Cliff Speed who has left the business. Clapp has been commercial director for TPT Retirement Solutions since May last year and in this role was responsible for the commercial development across both DB and DC offerings. He will continue in this role while also heading up the TPTIM function.
Prior to this Clapp worked at Kempen Capital Management as head of business development. He has also held senior business development and consultancy roles at Hymans Robertson and what is now XPS.
In his role as client director Dickins will be responsible for leading client relationships with trustees who use the firm’s DB Connect and Fiduciary Management services. Prior to joining, Dickins worked as a director at Van Lanschot Kempen Investment Management.
Tzoka 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.
These 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 DB schemes. TPT uses a range of asset class specific funds to aggregate the assets across clients, generating 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.
Clapp says: “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.”
