Nick Stanhope and Ari Towli will join the team in early November, as the investment administration and platform technology provider gears up to launch a range of actively managed multi-asset model portfolios.
These will sit alongside its existing risk targeted models, Smartfund and SmartIndex.
Michael Ohaneessian, Praemium’s chief executive officer, said the firm had seen increasing demand from its clients based internationally and in the UK for additional solutions that will help growth their business.
“Nick and Ari join as we broaden the range of cost effective discretionary services we offer,” Ohaneessian said. "They have extensive expertise in both designing and managing risk graded portfolios as well as considerable experience running models on the Praemium platform.”
Praemium, which administers in excess of 300,000 investor accounts spanning £50bn in funds globally, is a Jersey-based subsidiary of the publicly-traded Australian firm of the same name.
Joining Praemium, Stanhope brings with him 13 years’ experience working in the investment management industry, having previously served at Abbey and Legal & General.
Towli, meanwhile, has 19 years’ experience of the sector. In the past has held roles at Quilter & Co, now Quilter Cheviot, Singer and Friedlander and Rothschild.
