Fundpath, the UK-based data and business intelligence business, has hired Adam Harrison as chief growth officer in a newly created role.

An experienced entrepreneur, whose career in funds distribution spans more than 20 years, Harrison was most recently a member of the founding team and chief commercial officer of private markets investment platform, Titanbay.

Prior to that, he was a founder of World Golf Group, the precedent for LIV Golf. He has also held senior positions with Standard Life UK as investment director, global financial institutions and with Capital Group as managing director, global financial institutions.

Harrison's appointment comes in the wake of Fundpath's completion of a £4m late seed funding round with growth capital partner Fuel Ventures, one of the UK's most active early and growth stage investors into leading, fast growth technology businesses.

Fuel observed a significant opportunity to make a positive impact on the fund distribution process, with Fundpath solving a communication problem through technology and data. The investment in Fundpath is one of Fuel's largest commitments to date, allowing Fundpath to extend the breadth and depth of its systems and proprietary data, to invest in new technologies, and recruit the very best people.

Harrison is the most high-profile of four key appointments today announced by the fast-growing firm:
•    Flora Scott joins Fundpath as chief marketing officer, having consulted for the organisation over the last two years. Previously Scott headed Communications & Marketing at asset manager Redwheel.
•    Jim Way joins as senior relationship manager. He brings 24 years of sales experience in asset management, having most recently been with Invesco.
•    Stephen Capon joins the company as Senior Relationship Manager, having spent the last 20 years working with investment funds and solutions at Ninety One Asset Management.

Fundpath has been working ever more closely with the wealth and asset management industry over the last two years, and with c.350 wealth management organisations now regularly sharing their data and business information, and more than 70 asset managers signed as clients, it has made significant progress in a relatively short period.

Co-founder & CEO, Jamie Hinchliffe said: "We simply use the power of real time, accurate and whole of industry data to share information across the whole fund distribution ecosystem to enable more targeted, more effective communication between the buyers and sellers of funds.

"This is a critical period in our evolution as we develop the Fundpath offering and capability, and it is vital that we can invest in the very best people. With his deep experience on the frontline with Standard Life and Capital Group, Adam understands only too well the disconnect which exists between asset and wealth managers. We are grateful to our funding partner Fuel Ventures, without whom we would not be able to invest in building the team with such confidence."

Harrison said:"From my earliest engagement with the team, I could see the enormous potential of the Fundpath model, and the way in which it improves the flow of information and democratises data.

"Fundpath presents a new way of thinking about fund distribution, using the power of data to better serve clients. It's a very powerful tool, and I am excited about the efficiencies we are bringing to our wealth management partners and asset management clients alike - and the company's ambitious development plans."