Praemium chief departs

Praemium chief executive Michael Ohanessian has departed after more than a decade with the organisation.

"On behalf of the Board, we are appreciative to Michael for his hard work and wish him well in his future endeavours," said chair Barry Lewin. "During his tenure, Michael has built a solid and profitable foundation at Praemium. He leaves the business having positioned Praemium for continued strong growth, both in Australia and overseas."

Praemium board member Anthony Wamsteker has become the interim chief executive officer. He joined the board late last year following Praemium's acquisition of Powerwrap. The firm has additionally appointed Deloitte Corporate Finance to undertake a strategic review of Praemium's international business.

Before joining Praemium in 2011, Ohanessian was an investment manager with Lion Capital and the managing director of Select Solar. He's also held project management and consulting jobs with Mobil Oil, Boston Consulting, and listed biotech company Genetic Technologies.