Praemium hires discretionary managers for multi-asset launch

Praemium has hired two discretionary fund managers ahead launching a range of multi-asset model portfolios.

Ari Towli and Nick Stanhope will join the discretionary platform in early November to strengthen the firm’s Smart Investment Management team.

The firm plans to add to its existing Smartfund and Smartindex models with a range of actively managed, multi-asset model portfolios.

Praemium chief executive Michael Ohanessian says: “We have seen an increasing demand from our clients both in the UK and internationally for additional services to support the development of their investment propositions and the growth of their businesses.

“We are delighted to have Nick and Ari join us as we broaden the range of cost effective discretionary services we can offer.”

Towli and Stanhope join the firm from North Investment Partners, where they were responsible for fund selection and the management of the firm’s multi asset portfolios.