Praemium hires chief strategy officer

Denis Orrock
DENIS ORROCK
Praemium Limited - Chief Strategy Officer
APPOINTMENT
PRAEMIUM LIMITED
Date: 15 November 2022
Position: Chief Strategy Officer
By Elizabeth Fry

Praemium has added a chief strategy officer to its leadership team to spearhead its growth efforts.

Reporting to the chief executive Anthony Wamsteker. Denis Orrock arrives from FNZ Group, where he ran capital markets.

Before that, he held several senior roles with GBST before its acquisition by FNZ Group three years ago.

Before being appointed head of capital markets, he managed the company's Australian broker and financial services, divisions.

Orrock has also previously worked at InfoChoice as a general manager and at UBS as a futures trader.

Praemium said the newly created role recognises the opportunity to fully capitalise on the current market dynamics within the wealth platform and non-custodial administration market segment.

"With a comprehensive, fully integrated technology solution, Praemium is well-placed to capture a healthy share of the ongoing shift occurring in this market segment," the firm said in a release.

Commenting on the appointment, Wamsteker said: "The recent divestment of the international business means Praemium has the capital, cashflow and focus to deliver on our strong growth aspirations in Australia."

"I am delighted that Denis has agreed to join our business to help realise those aspirations."

The investment platform said that Orrock will help the firm develop a robust strategy and strong relationships, leveraging his experience of leading GBST through a major growth phase.