Praemium has announced the appointment of Denis Orrock to the newly created position of Chief Strategy Officer (CSO). Denis will join the Executive Leadership Team reporting to CEO Anthony Wamsteker.
Denis has enjoyed a successful career including as Head of Asia Pacific and Head of Capital Markets for GBST, a leading Australian Financial Services Technology business with a blue-chip client base in Wealth Management and Capital Markets. GBST was acquired by FNZ in 2019.
The newly created CSO role recognises Praemium’s opportunity to fully capitalise on the current market dynamics within the wealth platform and non-custodial administration market segment.
Denis Orrock commented, “I’m excited to be joining Praemium at this time, their fully integrated technology solution can meet the needs of advisers, private wealth firms and institutions which few competitors can match and they are well placed to capture a healthy share of the ongoing shift occurring in this market segment.”
Anthony Wamsteker commented on the appointment, “We are delighted to welcome Denis to the Praemium leadership team. With his experience and track record in leading GBST through a period of strong growth in Praemium’s preferred client segment, Denis will not only contribute the ability to develop robust strategy, but strong relationships in the sector which will ensure that strategy is tightly focussed on client needs and opportunities.
The recent divestment of the international business means Praemium has the capital, cashflow and focus to deliver on our strong growth aspirations in Australia. We are confident that Denis will make a significant impact on helping us to realise those aspirations”
Denis will be starting with Praemium on 28 November and will be based in Praemium’s Sydney office.
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