Praemium appoints CEO
Praemium has appointed executive director and interim chief executive Anthony Wamsteker to the CEO role permanently.
Officially effective from 16 August, 2021, Wamsteker took over from Michael Ohanessian who left the firm after almost a decade at the helm.
Wamsteker’s base remuneration would include a $600,000 salary inclusive of superannuation, with up to a 50% performance bonus, based on targets approved by the board.
Wamsteker previously joined the Praemium board in November 2020 following Praemium’s acquisition of Powerwrap where he was chair.
He had over 30 years’ experience in financial services, including nine yeas as the founding CEO of ME Bank, 12 years in funds management with National Mutual/AXA and three years as chair of Powerwrap.
Barry Lewin, Praemium chair, said: “At a time of heightened industry consolidation, when we are experiencing very strong growth across all parts of our business and we have commended the divestment process for our UK and international business, the board is delighted Anthony has agreed to accept the permanent appointment as CEO.
“He will contribute stability, leadership and his deep financial services, management experience and acumen to the wider senior management at an important time for the company.”
AUTHOR
Chris Dastoor
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
