Praemium appoints Powerwrap chair to board
Portfolio management platform Praemium has appointed former Powerwrap chair Anthony Wamsteker as a non-executive director to the Praemium board.
Wamsteker was chair of the wealth management platform from January 2018 to October 2020, before it was acquired by Praemium.
He would present himself for election to the board at Preaemium’s next annual general meeting (AGM).
Wamsteker had over 30 years’ experience in financial services, including nine years as the founding chief executive of ME Bank and 12 years in the funds management division of National Mutual/AXA.
Barry Lewin, Praemium chair, said with the successful takeover of Powerwrap, Wamsteker brought deep knowledge of the specialist platform sector.
“With Powerwrap’s strong customer base and Praemium’s track record of growth and cutting-edge technology, we look forward to Anthony making a valuable contribution as Praemium seeks to create one of Australia’s leading independent specialist platforms,” Lewin said.
Due to an administrative error, the re-election of Claire Willette as a non-executive director was not put forward at the most recent AGM.
Because of adherence to Australian Securities Exchange (ASX) listing rules, Willette had stepped down as non-executive director for an interim period until she could be re-appointed by shareholders at the next available opportunity.
She would continue to attend board and committee meetings in an advisory capacity to maintain continuity.
AUTHOR
Chris Dastoor
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
