Arthur's background is business systems consulting and development, having cut his teeth for five years as a consultant with Arthur Andersons in the 1980's. A subsequent 15 year stint as an independent IT consultant to some of the world's largest investment banks in London, including Chase Manhatten, S.G Warburg and JP Morgan, helped develop Arthur's knowledge of business systems and technology. On returning to Australia Arthur spent 9 years building and supporting portfolio services for several companies including the Bank of Melbourne, Goldman Sachs JB Were and BNP Paribas.
Using experience managing portfolio services at Goldman Sachs JB Were and BNP Paribas, Arthur's vision of merging the latest in web technology and CGT portfolio techniques was realised with the establishment of Praemium Portfolio Services in 2001, a revolutionary flat fee administration service for financial planners, accountants, portfolio managers, stockbrokers and superannuation fund administrators.
As Group Managing Director Arthur oversees a team of specialist IT and portfolio analysts to enhance and maintain a state-of-the-art administration service, which currently administers in excess of $16.5b for over 300 financial service businesses.
The technology has developed to include Separately Managed Accounts and provide listed securities processing to a number of other platforms and services. The Blackrock Merrill Lynch Customised Portfolio Service is driven by this technology.
Headquartered in Melbourne, Praemium has offices in Sydney, Brisbane and Adelaide and a sales and marketing and IT team in London. Praemium listed on the ASX (ASX:PPS) in May 2006.