Financial planning firm Tilney has appointed a new head of multi-asset funds.

The firm has hired Ben Seager-Scott to the new position.

In his new role the firm says Mr Seager-Scott “will oversee both the fund research and the portfolio management teams responsible for Tilney’s centrally-managed, unitised strategies”.

Tilney is one of the UK’s largest private client investment managers, with £24.4bn of assets under management, of which 76% are under either bespoke or centrally managed discretionary mandates.

The latter includes over £7bn in its various OEIC funds, which consist of its multi-asset portfolio, global multi-asset portfolio, advanced passive portfolio fund ranges and its Dublin-domiciled Core Investment Management Service.   

Chris Godding, chief investment officer, commented: “Tilney has one of the largest multi-asset fund books in the UK, supported by a sizeable team of twelve analysts and portfolio managers.

“I am delighted to announce that Ben will be responsible for this key function in his new role.

“Our proprietary fund research capabilities cover active managers, passive funds and smart beta investment strategies, enabling us to support a wide range of clients across different risk and goal profiles.

“Pleasingly, performance across our multi-asset funds, as measured by Asset Risk Consultants, has been highly competitive over multiple time horizons and market environments.

“We are therefore very optimistic that we will continue to see healthy growth in assets under management in this key part of the business.”