DUBAI: Praemium, provider of varied financial solutions to the wealth management industry worldwide, has moved to Dubai with the support of Dubai Investment Development Agency, or Dubai FDI, an agency of the Department of Economic Development and business services provider, Capital International Group.
Through its representative office in Dubai, Praemium aims to expand its client base in the region and promote its product suite comprising three core products – Portfolio administration software, Financial planning and CRM software, and Investment platform – across the region.
Listed on the Australian Stock Exchange (ASX) in 2006, Melbourne-headquartered Praemium moves to Dubai after establishing its presence in London, Jersey, Hong Kong, China and Armenia. The group supports over 700 firms, from small businesses to large institutional clients, and manages or administers over 30,000 investor accounts covering more than $80 billion in funds globally.
Hamad Al Abdooli, Senior Manager of Investment Support at Dubai FDI, said: “Dubai being the leading business and services hub for the Middle East, Africa, Indian Subcontinent and CIS countries is a major attraction for enterprises.”
