Praemium renews portfolio admin deal
Praemium has renewed its contractual agreement with Asgard Capital Management to provide portfolio administration services.
The firm has been providing portfolio administration to Asgard for the last 11 years, and its current contract was set to expire in November this year.
The renewal would extend the arrangement for up to six years, with a minimum three-year period, and would retain a minimum contract value of $3 million per year.
AUTHOR
Anastasia Santoreneos
Recommended for you
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
