Tilney Smith and Williamson has appointed Sally Macdonald as an independent non-executive director of Smith and Williamson Fund Administration, its host ACD and fund administration business.
Macdonald will also become a member of the firm’s Investment Committee where she will “enhance and strengthen” the overall governance in this area.
As an “experienced non-executive director” and a former portfolio manager, she has been a non-executive director of the JP Morgan Japanese Investment Trust since December 2018 and joined the board of Fidelity Asian Values in late 2021.
Macdonald started her career as a UK equity analyst before moving to cover Asian markets.
She has worked in a number of senior investment roles, latterly as head of Asian Equities at Marlborough Fund Managers where she was jointly responsible for both the Asian and Global Emerging Markets funds and sat on the firm’s Group Investment Committee.
Dean Buckley, chair of Smith and Williamson Fund Administration Limited, said: “I am delighted to welcome Sally to the board.
“Sally brings extensive investment industry experience, including five years spent on the investment committee of a host ACD, which will be invaluable to our business as we continue to expand our operations providing services to the UK funds industry.”
Macdonald added: “I am excited to be joining Tilney Smith and Williamson at a pivotal point in its development and I look forward to working with such a respected board.”
Tilney Smith and Williamson’s host ACD and fund administration business offers a full-service fund administration solution for UK collective investment schemes.
The business supports 14 fund sponsors and approximately 40 delegated third-party investment managers, providing in-house Host ACD / Authorised Fund Manager (AFM) and fund administration services to c.£10bn assets under management across 142 funds.