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Praemium UK boss calls it quits

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By Reporter
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1 minute read

Portfolio administration provider Praemium has announced the resignation of its UK managing director, effective 31 January 2014.

John Martin has left the company after six years “to pursue new challenges”, according to a statement by the company on the Australian Securities Exchange (ASX) this morning.

Praemium chief executive Michael Ohanessian said Mr Martin had been the key driver of the UK business since its launch in late 2008 during the global financial crisis.

“John was instrumental in building the service proposition and securing our first clients in very difficult circumstances,” said Mr Ohanessian.

“More recently, John drove the creation and launch of our Jersey-based International platform, thus creating a significantly expanded addressable market for our UK-based operation,” he said.