Praemium names Acting CEO

Praemium has announced the appointment of Robert De Luca as acting CEO for the firm, effective 6 March 2017.

His appointment follows Praemium's decision to terminate the role of former CEO, Michael Ohanessian, which was announced on 22 February 2017.

De Luca has spent 20 years working in the financial services sector, most recently as the managing director at Bankwest, a role that he left in December 2016. He started his career in 1997 at National Australia Bank and joined the Commonwealth bank in 2000, where he held various executive roles before joining Bankwest in 2012.

Commenting on his appointment, Praemium's chair, Greg Camm, said: "Robert De Luca is a senior Australian financial services executive with a very strong leadership and business management track record...this appointment will enable us to conduct a full search and selection process for a permanent CEO with the comfort of knowing that the day to day running of the business is in good hands."

De Luca is expected to act in the role over the next few months while the recruitment process for a permanent replacement is underway.

Camm added: "Robert will be a strong candidate for the permanent role, should he elect to participate in the process."