Praemium has announced the board member, Michael Ohanessian will be leaving the company. After almost 10 years in the role, the Praemium Board wishes to thank Mr. Ohanessian for his dedication and acknowledge his contribution to the company. Non-Executive Director Anthony Wamsteker has immediately stepped into the interim CEO role. Anthony joined the Praemium Board in November 2020 following Praemium's acquisition of Powerwrap. 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 National Mutual/AXA and 3 years as Chairman of Powerwrap. The Board has full confidence in Anthony and the wider senior management team to take the company forward, and new leadership will allow the Company to take advantage of favourable market conditions, including industry consolidation. Additionally, the Board has appointed Deloitte Corporate Finance to undertake a strategic review of Praemium's international business.