The Board has appointed Mr Bruce Parncutt, a non-executive director, as Chairman. Mr Parncutt's career spans over 30 years in investment management, investment banking and stockbroking, including seven years as Chief Executive of listed securities firm McIntosh Securities and three years as Senior Vice President of Merrill Lynch. Mr Parncutt brings to the Board his extensive experience as a senior executive and director in the financial services industry as well as a non-executive director, including as a director of Australian Stock Exchange Limited.
Don studied economics at the University of New England, where he gained the degrees of Bachelor of Arts (Honours) in 1961 and Master of Arts (Honours) in 1965 and at the Australian National University, from which university he was in 1968 awarded the degree of Doctor of Philosophy. He taught economics and finance at both universities prior to 1971, when he joined the Reserve Bank of Australia, where he held senior positions in the Bank's Research Department and its Banking and Finance Department.
From 1981 to 2001, Dr Stammer was Chief Economist/Director of Investment Strategy for Deutsche Bank and its predecessor Bain & Company.
Over those two decades, he gave almost 9,000 presentations on the economy and investment markets - and was rated highly in many surveys of business leaders and fund managers for his analysis of the business outlook and the trends and opportunities in investment markets.
While a director of Deutsche Bank/Bain & Company, Don was for ten years (1971 to 1980) a visiting professor at the Australian Graduate School of Management where he taught a course on capital markets.
Dr Stammer stepped down as Chairman of Praemium in August 2011, but remains as a non-executive director. In addition to his role as non-executive director of Præmium, Dr Stammer is a non-executive director of ING Private Equity Access Limited and of Kaplan Higher Education Pty Ltd. In November 2004, he retired as a director of ING Australia Holdings Limited and as chairman of the ING listed property trusts after ten years as a director, five of them as Chairman of the listed property trusts.
Don contributed a fortnightly column to BRW for twenty years. Since 2007, he has written a weekly column on investments for The Wealth Supplement of The Australian.
Dr Stammer is a member of the Audit, Risk & Compliance Committee and Remuneration Committee.
After nine years in the engineering profession, Mr Bryson joined JBWere and Son in 1983 and was appointed Group General Manager in 1985 during a period of significant changes occurring in the market place with the firm emerging as the premier privately owned investment house in Australasia over this period.
In 1991 Mr Bryson was appointed “National Manager – Private Clients” for the JBWere group’s retail advisory division and was responsible for building this group from its then small base to one of the largest and most respected retail investment operations in Australia. The division was rated number one in “Personal Investment” magazine’s 'Top Retail Broking Houses Survey' for the seven years the magazine undertook the survey. The survey’s respondents included both individual investors as well as competitor groups.
The retail group under Mr Bryson's leadership evolved over the 1990's to be recognised within JBWere and in the market place as core strategic strength of the firm at a time when many brokers were struggling with and disbanding their retail networks. In 2000, Mr Bryson established the firm’s Private Equity presence and has also been involved in other capital raisings.
Mr Bryson retired from Goldman Sachs JBWere in 2003. Since that time he has been providing consulting services to the financial services, and in particular stock broking, industry in Australia.
Mr Bryson’s depth and breadth of experience in respect to the Australian retail broking industry will complement the skills and experience of the other members of the Board.
In accordance with the Company’s Board Charter, Mr Bryson will sit on at least one board committee.
Mr Edgley holds a Bachelor's degree in Economics from Monash University. His career has been predominantly focused in fixed interest financial products, in Australia, the UK and Japan.
During the period spanning March 2000 to July 2004, Mr Edgley held the position of Managing Director & Head of Sales, Asia Pacific Region, Royal Bank of Scotland, and was also a Director of Royal Bank of Scotland Australia Pty Ltd. In the regional role he was responsible for a team of 70 sales and sales support people throughout Asia for marketing the Banks Financial Markets Products including Fixed Income, Derivatives and Foreign Exchange products.
Mr Edgley established the Royal Bank of Scotland's Financial Markets business in Australia and has a solid understanding of the drivers affecting that market and its institutional participants.
Mr Edgley chairs the Company's Audit, Risk & Compliance Committee and is a member of the Remuneration Committee.