Stonehage Fleming
Dan Madsen has left his role as head of dealing and trading at Stonehage Fleming Investment Management, The TRADE revealed last week.
London-based Madsen has departed from the firm after almost 20 years, having joined in 2006 as a senior fund administrator.
In his position as head of dealing and trading, Madsen supported the establishment of the London dealing desk and also oversaw the merging of the Fleming Family and Partners and Stonehage, as well as the later acquisition of Cavendish Asset Management and Maitland Partners.
Additionally, Madsen’s desk also supported the growth of the firm’s business to £20 billion assets under management (AUM).
During his time at the firm, Madsen has held various senior positions, and stepped up to lead the firm’s dealing and trading offering in June 2010.
Prior to Stonehage Fleming, he also worked at UBS Global Asset Management as a client liaison officer for almost four years.
His next role is currently unconfirmed, The TRADE understands.
Barclays
Jean-François Mastrangelo has been named head of markets, Asia Pacific at Barclays following nearly 20 years at Société Générale.
Hong-Kong based Mastrangelo will lead the bank’s Asia Pacific business for its Global Markets platform, including broadening product offerings and deepening client relationships.
He will report into Adeel Khan, head of Barclays Global Markets functionally, and Jaideep Khanna, chief executive, Asia Pacific regionally.
Most recently, Mastrangelo served as head of equities APAC at Société Générale, and has worked across Paris and Hong Kong in several senior leadership roles – spanning structuring, trading, and platform development.
HSBC
David Fenwick has swapped the buy-side for the sell-side and joined HSBC in a role covering investment grade (IG) credit sales, following a nine-year tenure at Legal & General Investment Management (LGIM).
He brings almost two decades of industry experience to his new role, and during his time at LGIM, Fenwick served as a fixed income trader, covering IG, high yield (HY) and emerging markets (EM) credit. He also held a similar role at Schroders for more than six years.
Prior to this, he also spent a year at Stifel in a role covering UK credit sales, based out of London, and began his industry career in the same position at UBS from 2006 to 2009.
RBC Capital Markets
RBC Capital Markets has made two senior hires to its European equities sales trading team.
The appointments see Imad Frigui joining the firm as head of Continental Europe cash equities sales trading, based out of Paris, as well as Malcom Pratt becoming a director in EMEA high touch sales in London.
Frigui brings almost 15 years of equity sales trading experience to his new role, and joins RBC from Wells Fargo, where he spent almost six years. He has also previously held equity sales trading positions at Exane BNP Paribas and Bank of America Merrill Lynch.
Additionally, Pratt was most recently at Clear Street, where he worked as a sales trader in execution services.
Prior to this, he spent eight years at Bank of America Merrill Lynch, joining in 2017 as a director, sales trader, before becoming co-head of EMEA high touch sales trading in 2023.
He has also previously worked at firms including Goldman Sachs, Credit Suisse and Deutsche Bank.
In addition, George Budd has also joined RBC as vice president, equity sales.
London-based Budd brings almost a decade of experience working across financial markets to his new role, and will report to Lisa Tugwell, head of European SMID equity sales.
He joins the firm from UK investment bank Cavendish, where he spent almost four years, most recently as an associate director working across equity sales.
Previously in his career, he also served as an investment analyst at JP Morgan for more than two years.
Legal & General
Euan Martin has joined Legal & General’s asset management division as a fixed income trader.
Martin will be based out of London and brings almost a decade of industry experience to his new role.
Before joining Legal & General, Martin spent almost eight years at Aberdeen Investments in Edinburgh, most recently as a credit trader, a role he held for more than three years.
Previously in his career, he also served as a financial analyst at ALMIS International.