Danske Wealth Management’s head of manager and fund selection has left her job to pursue other career opportunities, Citywire Selector understands.
Malene Bason managed a team of eight people and was responsible for selecting and monitoring all the liquid investment strategies, including equities, bonds and hedge funds for Danske Bank’s institutional clients, as well as private banking and retail clients.
According to media reports, Bason has decided to leave the firm without having a new job in place.
The selection chief, who has worked at Danske for more than seven years, has been reported as saying she believes now is a ‘good time for a career change’.
Bason started at Danske in 2010 as a senior analyst, before moving up the ranks and becoming responsible for fund and manager selection.
Over the past few years, Danske Bank has gone through changes which saw its wealth management unit being combined with Danske Capital, Danica Pension and part of the bank's private banking activities.
This is while Danske Bank has also hired a new global head of responsible investments, in order to set a ‘high bar’ for the firm’s ambitions in responsible investments.
A spokesperson for Danske Bank told Citywire Selector: 'We will now start the search for a new head of manager & fund selection. Kristina Ganea Bertelsen will act as interim head of the team.'