JBWere to continue using Praemium

JBWere to continue using Praemium

JBWere has extended its agreement with the ASX-listed platform business to provide reporting and non-custodial administration for the private banking giant’s wealth management client portfolios.

JBWere will continue using Praemium for another two years.

Praemium said the contract has a current annual value of over $1 million for its business.

“We are delighted that JBWere has chosen to extend its partnership with Praemium,” Praemium chief executive Michael Ohanessian said.

“Praemium’s Virtual Managed Accounts (VMA) continues to be the benchmark in complex corporate actions management, performance and asset analytics, and tax reporting.

“Our market-leading capability spans a broad investment asset range including all ASX-listed securities, more than 4000 international securities on 40 exchanges and many types of unlisted investments, bonds, managed funds and cash management accounts.”

The two initially partnered on client reporting and administration solution on JBWere’s wealth management portfolios on in 2016.

Source: JBWere to continue using Praemium | Financial Standard