Netwealth's Head of Managed Accounts to join Praemium

Listed platform provider, Praemium, has announced the appointment of Steve Thomas as manager of self-invested and international solutions, effective 7 May 2018.

In this role, he will be responsible for the further development of recently launched initiatives, including a packaged SMSF Administration service, International Investment Models within the Praemium SMA, and several other products and services related to Praemium's integrated managed-accounts platform.

Thomas, who has over 30 years' experience in product management and strategy, was previously the head of managed accounts strategy and development at Netwealth, responsible for the firm's managed accounts retail and private-label business.

His career in platform development and strategy commenced in 2000 at Norwich Union Navigator, and continued through various roles at Avanteos, Colonial First State, Aviva, Australian Unity and AXA.

Commenting on his appointment, Praemium's head of product and marketing, Mat Walker, said: "We are thrilled to add Steve's experience to the team. His technical product and industry expertise will help drive a range of exciting strategic initiatives...Steve's appointment is another example of how we are investing for current and future growth to support the evolving needs of our rapidly growing investor and adviser base."

Thomas' previous responsibilities at Netwealth are now managed by Megha Gupta who joined the firm in April as head of strategic projects.