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Showing 1 - 10 of 58 results for "OHA"

Chief distribution officer leaves Praemium

CHLOE WALKER  |  TUESDAY, 23 MAY 2023
After seven years, Martin Morris stepped down from his role of chief distribution officer at Praemium. Morris, who announced his departure on LinkedIn, will serve a precursory three months' gardening leave until mid-August. In a statement, Praemium ...

T. Rowe Price to acquire credit manager

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
The US$1.61 trillion investment manager is set to take over alternative credit management firm Oak Hill Advisors (OHA). T. Rowe Price will pay US$4.2 billion for 100% of OHA with US$3.3 billion payable at closing, approximately 74% in cash and 26% in ...

Praemium FUA doubles, profit slips

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
The platform recorded 105% growth in funds under administration in its full-year results while profit after tax dropped 68%. Praemium recorded $1.5 million in profit after tax down from $4.0 million in FY20. Overall, revenue increased 28% to $65.8 million ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The ASX-listed platform business has announced a permanent chief executive, replacing Michael Ohanessian. Anthony Wamsteker, who was appointed interim chief executive and an executive director in May, will step into the role permanently on August 16. ...

Praemium to sell international business

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
Following a strategic review, Praemium is proposing to sell its international business despite record performance. The platform provider has confirmed it plans to sell its international business, despite its strong performance in recent times. The strategic ...

Praemium chief executive exits

ANNABELLE DICKSON  |  FRIDAY, 21 MAY 2021
The platform chief executive has suddenly left the company after almost a decade in the role as Praemium calls in consultants to review the international business. Michael Ohanessian joined as chief executive in August 2011 and was terminated by the ...

Praemium FUA up, opens Edinburgh office

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
The platform has recorded increased funds under administration (FUA) of $37.9 billion as it expands its presence in the UK with the opening of an office in Edinburgh, Scotland. For the March quarter, Praemium recorded an 11% increase in FUA, and a 96% ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
The managed accounts platform has recorded a 113% increase in net profit after tax from the first half of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration ...

Praemium sees benefits of scale

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
Praemium saw a sharp rise in the December quarter as a result of its acquisition of Powerwrap, showcasing the benefit of increased scale. The platform saw a 69% increase year-on-year in global funds under administration (FUA), lifting the business to ...

Praemium develops relationship with US platform

KANIKA SOOD  |  MONDAY, 30 NOV 2020
The ASX-listed platforms business has added to its holding in an American platform for alternative funds. Qualis Capital's platform offers sophisticated investors funds in private equity, real estate, private debt and hedge funds. In May, Powerwrap ...
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