Praemium CEO resigns

clock

Praemium founder and CEO Arthur Naoumidis has resigned with immediate effect.

He is replaced by Michael Ohanessian, recently chief executive at Genetic Technologies Limited. Naoumidis, also director of the company, will be retained as a consultant to assist his successor, the group said in a statement on the Australian stock exchange. His decision to stand down comes after a strategic review of opportunities in both Australia and the UK. "Praemium is poised at the threshold of a period of rapid growth with strong positions now in place in Australia, the UK and internationally (based in Jersey) offering services to growth markets," said Naoumidis. "I belie...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Quilter reports platform net inflows of £1bn in first quarter

Quilter reports platform net inflows of £1bn in first quarter

Ongoing adviser charging review to start shortly after FCA talks

Jenna Brown
clock 24 April 2024 • 2 min read
Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read