3173 Group has appointed former CEO of both The Pensions Regulator (TPR) and the Universities Superannuation Scheme (USS) Bill Galvin as CEO designate.
Galvin will join 3173 on 22 January as CEO designate and assume full responsibility as CEO from 1 March. He takes over from current CEO and founder of 3173, Brian Spence who is stepping down from his executive role but will continue in a non-executive capacity as deputy chair, alongside Stephan Wilcke as chair.
Spence will continue to serve his current clients and retain his investment in the Group, made at the time of the June 2022 management buy-out of the Group supported by growth investor, Synova.
Galvin will assist Dalriada Trustees, Spence & Partners, and Mantle’s managing directors, Chris Roberts, Alan Collins, and Mike Selby, to expand their companies, as CEO of 3173.
Galvin worked for almost five years at The Pensions Regulator. He eventually rose to the position of CEO, where he was responsible for the effective regulation and oversight of the UK pension industry, particularly during the autoenrollment launch in 2012.
3173 Group includes leading pension businesses Dalriada Trustees Limited, Spence & Partners and Mantle.
Spence says: “Our ability to attract an executive of Bill Galvin’s experience and reputation is testament to the strength of our Group and its offering for the best talent in the pensions industry. 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.
“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. I am looking forward to the next phase of my career as a non-executive director supporting Bill and the fantastic 3173 team.
Galvin says: “Our sector is changing rapidly, new and ambitious industry participants are stepping up to the challenge to deliver better outcomes for members and better propositions to scheme sponsors. That makes it a very exciting time to join a group with such a broad range of market leading services, underpinned by really exceptional talent and very innovative tools.
“I look forward to supporting the leadership teams of Dalriada, Mantle and Spence & Partners and their clients to deliver integrated, cost-effective solutions so that all types of pension schemes can deliver sustainable and secure pensions to an increasingly engaged and rightfully demanding membership.”
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