Praemium names new chief

In a statement, Praemium said it had permanently appointed acting CEO Anthony Wamsteker to the role.

“Anthony previously joined the Praemium board in November 2020 following Praemium’s acquisition of Powerwrap, where he was chairman,” the group said.

“He brings over 30 years’ experience in financial services, including nine years as the founding CEO of ME Bank, 12 years in funds management with AXA/National Mutual and three years as chairman of Powerwrap.”

“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,” Praemium chair Barry Lewin said.

The news follows previous Praemium chief Michael Ohanessian’s immediate departure from the company in May.

Praemium said Mr Wamsteker would assume the CEO role effective 16 August.