Praemium sacks chief executive Michael Ohanessian

A spokesperson for the platform said the move was a "strategic decision" by the board to take the business into the next phase of growth, following a positive few years in regions outside of its home market Australia. "They [the board] all recognise Michael has done a fantastic job of turning the profitability of the business around, but believe we need somebody with a different set of skills moving forward," the spokesperson said. Praemium entered the UK market with its separately managed accounts platform in 2007. It has since acquired self-invested personal pension specialist Wensl...