JBWere renews Praemium VMA contract


Wealth manager JBWere has extended its agreement with Praemium to provide non-custodial portfolio administration and reporting software to its wealth management client portfolios for another two years.
The contract had a current annual value over $1 million.
Michael Ohanessian, Praemium chief executive, said the firm was pleased JBWere renewed the virtual managed accounts (VMA) contract.
“Our reporting is backed by the most comprehensive range of data feeds, with performance benchmarking supported by an unmatched range of market indices,” Ohanessian said.
“Furthermore, our reconstruction technology enables us to automatically handle post ex-date ATO [Australian Tax Office] tax rulings, delivering our clients accurate portfolio, performance and tax reporting under all scenarios.”
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.