Praemium’s Ohanessian to leave firm
Praemium has announced its chief executive and board member, Michael Ohanessian, will be leaving the firm after almost a decade in the role effective immediately.
In an announcement to the Australian Securities Exchange (ASX) the firm said non-executive director, Anthony Wamsteker, had immediately stepped into the interim CEO role.
Praemium said Wamsteker would be paid a monthly fee of $50,000 for immediately assuming the role of executive director and interim CEO.
The board had also appointed Deloitte Corporate Finance to undertake a strategic review of Praemium’s international business.
The firm’s chair, Barry Lewin, said: “During his tenure, Michael has built a solid and profitable foundation at Praemium. He leaves the business having positioned Praemium for continued strong growth, both in Australia and overseas”.
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
