Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.
Much has been made of the fragile state of the platform sector but Praemium is predicting a step change with the ever-wider adoption of SMA technology.
Australia-headquartered platform technology provider Praemium has set its sights on acquiring a SIPP provider in the UK to tap into the opportunities created by George Osborne’s radical pension reforms.
Total platform assets under management rose by £14bn in the second quarter of 2014 to reach £317bn, a 5% rise on the year’s first quarter.
Praemium UK has broadened the distribution channels of its Smartfund Advantage fund range to include distribution into Asia, Europe and the Middle East.
Praemium has appointed a new chief operating officer to support its international and UK businesses.
Brooks Macdonald International, a subsidiary of the AIM-listed, London-based Brooks Macdonald wealth management group, today is launching a platform-based international managed portfolio service.
Praemium International has agreed a deal with the Jersey-based international division of Royal Bank of Scotland, to provide platform services to its expatriate clients.
Praemium has bolstered its discretionary capabilities with two senior hires.
London-based wealth management firm Bestinvest has agreed a deal with one of Jersey’s largest IFAs by offering it access to five bespoke portfolios on the Praemium International platform.
Praemium International has integrated its investment platform with its recently acquired WealthCraft customer relationship management system.
Melbourne-headquartered platform provider Praemium returned to profit in the year ending 30 June, boosted by two acquisitions made over the previous 12 months.
