Praemium has appointed Bruce Loveday as non-executive director of the company.
Loveday assumes the non-executive director role effective immediately, Praemium said in a statement to the Australian Securities Exchange (ASX) yesterday.
He is currently chairman of Bennelong Funds Management where he has been since July 2010.
Loveday replaces former Praemium non-executive director John Bryson who retired from his role in June following five years on the board. He will take over responsibility of chairing the company’s audit, risk and compliance committee.
“Bruce Loveday’s appointment is due to the retirement of John Bryson, a non-executive director, in June,” Praemium company secretary and chief financial officer Paul Gutteridge told InvestorDaily.
“Bruce brings significant experience in both the Australian and international financial services industries, relevant to the markets Praemium operates in.
“There are no more planned changes or appointments at Praemium,” he said.
Loveday’s previous executive roles include head of fund services and head of sales and marketing at Intech Financial Services, director of Hopkins Partners Funds Management, head of institutional broking at HSBC and director of marketing at Colonial Investment Management.
Commenting on the appointment, Praemium chairman Bruce Parncutt said: “We welcome Bruce Loveday to the Praemium board and look forward to him making a valuable contribution.”
