Mr Seldon joins Smith & Williamson Fund Administration (SWFAL) from NatWest, where he spent two and a half years as assistant director, business development, in the Trustee & Depositary Services Team.
He has also previously held roles at Cofunds and Suffolk Life.
SWFAL acts as authorised corporate director and authorised fund manager for OEICs and unit trusts respectively and as alternative investment fund manager of a Common Investment Fund.
The business has grown in recent years, supported by its in-house operational model with assets under administration (AUM) standing at £13.2bn (as at 28 February 2019), more than double the level reported in 2016.
James Gordon, head of SWFAL, said: “I am delighted to welcome Allan to the team.
“His appointment to the newly-created role of business development director will improve our capabilities in this space, allowing us to concentrate on continuing the successful growth of the business, and ensures that SWFAL remains at the forefront of the fund administration and hosted ACD sector in the UK.”
Mr Seldon said: “SWFAL is well placed as one of the leading hosted ACD/fund administration services in the UK and I feel that the business has the platform to go from strength to strength.
“In line with the overall Smith & Williamson business growth strategy, I am excited by the prospect of supporting the ambitions of the business and look forward to working with the team on this journey.”
“With an ever-changing landscape within the industry, I foresee potential opportunities across multiple distribution channels.
“I am excited by the prospect of sharing our expertise within SWFAL to a broader audience and supporting future clients in implementing their business strategies.”