He was the son of Elizabeth Malseed.
Malseed probably joined the Belfast Bank around 1910 working in Donegal and Head Office.
In 1911 the family were living in house 7, Clooney, Londonderry. He also lived at 2 Ben Madigan Park South, Belfast.
The Belfast Banking Company 'Roll of Honour' booklet records him as being 'previously wounded' with his last known location as 'invalided home'.
Malseed was a member of the Belfast Banking Company Sports Club on 26th March 1945 paying 5 shillings subscription.