Platform provider Praemium has named Robert De Luca as the company’s interim chief executive until a permanent candidate can be found.
The appointment comes after previous CEO Michael Ohanessian had his contract terminated earlier this year.
Mr De Luca has worked in the financial services sector for 20 years and has held positions with Commonwealth Bank of Australia, National Australia Bank and Bankwest, the company said.
“Robert De Luca is a senior Australian financial services executive with a very strong leadership and business management track record and direct experience in our sector of financial services,” Praemium chair Greg Camm said.
“Praemium will be a clear beneficiary of his experience and capability. In addition, this appointment will enable us to conduct a full search and selection process for a permanent CEO with the comfort of knowing that the day-to-day running of the business is in very good hands.”
Mr De Luca commences his new role on 6 March 2017 with no fixed term. Mr Camm noted that he “will be a strong candidate for the permanent role, should he elect to participate in the process”.
Magellan chairman and CIO Hamish Douglass has said he’s not afraid of missing out on a “short-term market rally” and that mutant virus...