Dan Madsen has left his role as head of dealing and trading at Stonehage Fleming Investment Management, The TRADE can reveal.
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, including as an assistant fund manager, before later stepping up to lead the firm’s dealing and trading offering in June 2010.
Speaking in an announcement on social media, Madsen said: “I am incredibly proud of this period of my career. I like to think that in some small part I contributed to a very successful period for the firm, but times change.
“Hopefully, for my colleagues who remain the future with Corient and Stanhope Capital Group will be a success […] after a short period ‘in the garden’ it’s time I move onward and upward.”
Prior to Stonehage Fleming, he also worked at UBS Global Asset Management, as a client liaison officer for almost four years. He began his industry career working across pooled funds at the firm in 2000.
His next role is currently unconfirmed, The TRADE understands.