ASX-listed Praemium reveals ‘new look’ executive team

Praemium’s Chief Executive Officer Anthony Wamsteker has announced that Rachel Axton (pictured) will be joining Praemium on 17 July 2023 in the role of Chief Governance and Risk Officer and report directly to him.

Wamsteker said, “Rachel will be a tremendous addition to our Executive Leadership Team. She will lead our Risk Management, Compliance, Company Secretarial, Legal, Outsourcing and Supplier Management activities. This appointment will bolster Praemium’s risk management bench strength at a time when challenges in areas such as cyber security have never been greater.”

Rachel was previously the Chief Governance Officer, Netwealth and has over 25 years of experience in financial services working across a range of wealth management providers.

Rachel Axton’s appointment completes a full refresh of Praemium’s executive team, which was commenced when Anthony Wamsteker was appointed permanent CEO on 12 August 2021. In the intervening period, the following executive appointments were made:

Chief Financial Officer – David Coulter

Chief Commercial Officer (now Chief Product Officer) – James Edmonds

Chief Strategy Officer, including responsibility for Distribution and all client facing Operations activity – Denis Orrock

Head of People and Culture – Angela Godfrey

Chief Technology Officer – Richard Large

In relation to the ’new look’ Praemium executive team, Wamsteker said, “With the recruitment of Rachel we have now completed the renewal of Praemium’s Executive Leadership Team. The new team has the experience and capability to ensure Praemium is positioned to realise the full potential of the market opportunity in wealth management platform and related services for Australia’s leading financial advisers and their clients.”