Praemium names chair successor

Praemium has appointed a non-executive director to its board, who will succeed the current chair Barry Lewin at the conclusion of the annual general meeting scheduled for November.

After chairing the board for nine years, Lewin has decided to retire from the board, and Praemium has appointed Matthew Quinn as non-executive director and chair-elect, effective immediately.

Quinn brings extensive experience across board governance and executive roles in the wealth and financial technology sectors. He previously chaired the boards of Class and Bravura Solutions, alongside a range of other non-executive positions.

He also served as chief executive of Stockland from 2000 to 2013, overseeing the company's evolution into the ASX 50.

After a transition period, Quinn will succeed Lewin as chair at the conclusion of the AGM.

Praemium chief executive Anthony Wamsteker thanked Lewin for his contributions.

"Barry has helped steer Praemium through some challenging times over the past nine years and guided the business from its early scale-up phase to a profitable, strategically focused platform," Wamsteker said.

"Under his leadership, we have sharpened our high-net-worth strategy, executed key acquisitions and the successful divestment of the UK business, and strengthened our technology offering, delivering meaningful growth in earnings and market position. On behalf of the Board, I thank Barry for his outstanding contribution and stewardship.

"We are excited to build on this strong foundation under Matthew Quinn's leadership as we enter our next phase of growth and deliver on our strategy."

Lewin added: "Matthew joins Praemium at an exciting time and will add significant value as we embark on our next chapter."

"Chairing Praemium, working with a focused board and a talented team has been a great privilege, and I look forward to supporting Matthew as he transitions into his role as chair of the board."

Meanwhile, Quinn said he is pleased to join at an important period for the company.

"Under Barry's leadership, Praemium has resolved a range of legacy issues and made key strategic investments, establishing a strong foundation to pursue an aggressive growth agenda," he said.

"I look forward to working with my fellow directors and management to deliver on that opportunity."

Quinn joins Katrina Efthim and Justin Lipton - both appointed non-executive director in April - as part of Praemium's broader board renewal strategy.