Reporting directly to chief executive Michael Ohanessian, Murphy, a co-founder of North, has already started at Praemium as head of investment solutions and will be joined next week by former-North fund managers Ari Towli and Nick Stanhope.
All three were offered positions at Liontrust who acquired North on 16 October.
John Husselbee, himself a co-founder of North, is now Liontrust’s head of multi-asset and was joined from North by Ryan Bagnall (client relationship), Neil Moore (operations) and Helen Foster (compliance).
Husselbee and Murphy also worked alongside each other at Henderson Global Investors and Rothschild Asset Management.
Murphy is joining an Australian administration business that in Asia already offers model-based investment solutions. Following in the footsteps of UK-platform business Novia launching its own Copia Capital Management discretionary business, she will build Praemium’s bespoke wealth management solutions for UK and Jersey-based intermediaries.
Interestingly, the firm will remain under contract as the administrator for Liontrust’s multi-asset propositions.
Murphy will immediately take on extra responsibilities as Praemium’s UK managing director John Martin has resigned. He officially leaves at the end of January and in the meantime, according to Ohanessian, he will be involved in ongoing special projects while working his notice.
Jon Farmer will share the MD responsibilities with Murphy and is promoted from institutional business development manager to head of platform distribution.
