Barry Honeyman leaves Praemium for Geneva’s Swiss Global

Barry Honeyman has left the UK-based operation of Praemium, the Australia-based international platform services provider, to take up a role as European director with Swiss Global Group, a Geneva-based wealth advisory firm. 

Honeyman had been European sales manager for Praemium since he joined the company in June, 2015.

Praemium confirmed that Honeyman left the company at the end of March. It didn’t say who, if anyone, has succeeded him.

Honeyman has relocated to Geneva, where Swiss Global Group is based, to take up his new role, which will see him working as part of the firm’s senior management team, to define and implement the group’s strategy for Switzerland, according to the company.

The role will also involve recruiting consultants and business development managers, as the company prepares to grow its business in two new offices, in Basel and Lausanne, as well as expanding its existing staff in its Geneva and Zurich offices.

Swiss Global is unrelated to Swiss & Global Asset Management, a Zurich-based asset manager that was spun out of Julius Baer in 2009, as part of GAM.

Swiss Global was founded by Paul Kavanagh and Jonathan Berrar in 2014, who say they were looking to provide “a fresh and dynamic approach to wealth management for high-net-worth clients based in Switzerland”. These include individuals who are living in Switzerland for business reasons as well as those who choose to use Switzerland as a base for managing their wealth.

The company has grown quickly in recent years, and now includes Swiss Global Trustees, Swiss Global Investments and Swiss Global Management. It currently employs around 80 people, including some 29 wealth managers, and according to Honeyman, is planning to add at least one international outpost later this year.

Before joining Praemium, Honeyman, who is originally from Scotland, had been European development manager for Old Mutual International for three years, and before that had been with Prudential International.

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