Investment platform provider Praemium has appointed Anthony Wamsteker as its new chief executive officer (CEO). He will be replacing Michael Ohanessian in this role, effective from 16 August, following Ohanessian’s sudden departure from the company in May.
The news follows Praemium’s announcement in June that it will be selling its international operation following a strategic review, in order to focus on the Australian market.
Go deeper with GlobalData
Wamsteker was previously Praemium’s executive director and acting chief executive following Ohanessian’s exit. He joined Praemium in November 2020 following Praemium’s acquisition of Powerwrap, where he was chairperson for three years. Wamsteker brings over 30 years of experience to the role, having previously worked with ME Bank (where he was the founding CEO) and National Mutual/AXA.
Praemium’s chairman Barry Lewin said he was ‘delighted’ that Wamsteker had accepted the role.
“At a time of heightened industry consolidation, when we are experiencing very strong growth across all parts of our business and we have commenced the divestment process for our UK and international business, the board is delighted Anthony has agreed to accept the permanent appointment as CEO,” he said.
“He will contribute stability, leadership and his deep financial services, management experience and acumen to the wider senior management team at an important time for the Company.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataOther recent high-profile appointments include Chris Grigg, who has been named chairperson of Tilney Smith & Williamson, and Kath Cates, who is also chairperson at Brown Shipley.
