MMC catches big fish to run new platform

MMC, which has bought the Aegis business from ASB has hooked a top Fisher Funds exec to run the enlarged business.

Thursday, November 28th 2019, 9:46PM 1 Comment

Vedran Babic

MMC has appointed Vedran Babić as its new chief executive. Babić is an experienced financial services executive, with a track record of developing and executing vision and strategies to drive sustainable business growth.

He is currently the chief operating officer at Fisher Funds Management and will join MMC in February.

"Our success and growth both from our own efforts and our clients’ achievements over the last few years, coupled with the recent purchase of Aegis, has us strengthening the management team that currently leads our business at a senior level," MMC current CEO Tom Reiher says.

In addition to Babić, MMC will be appointing a chief financial officer in the new year to work alongside Chris Watson (chief operating officer), Craig Richardson (chief information officer), Leigh Ryland (chief risk officer) and Nicola Tait (chief relationship officer).

James Ogden who has been the chairman for two years is retiring.

One of the founders and the managing director of MMC, Robert Moss, is taking on a new role. After 15 years at the helm, navigating MMC to what it is today, Moss is stepping back from day to day duties.

"He will still be an active contributor to the business particularly regarding the financials and strategy and, with James’ retirement, he will be taking on the role of board executive chairman.

Reiher has been appointed as managing director of MMC.

"In addition to supporting Vedran as he settles into his new role as chief executive, I will be working closely with Lianne Murphy, general manager of Aegis, leading the transition to ensure a smooth integration of the MMC and Aegis businesses."

Tags: Aegis MMC