MMC adds two high profile independent directors

MMC has appointed two new independent directors, including a high profile fintech executive and an industry old-hand.

Monday, July 6th 2020, 11:20AM

Carmen Vicelich

Joining MMC as independent directors are Carmen Vicelich and Paul Mersi.

Vicelich is the Founder and Global chief executive at Valocity Global and the founderof Data Insight. With almost 20 years in the banking and mortgage lending domain, Vicelich’s two businesses leverage world class technology and data to solve customer problems.

Her passion, drive and ability to make the complex simple have earnt her numerous awards including: finalist in the EY Entrepreneur of the Year awards; CIO Winner of Digital transformation; NZDM Nexus Supreme Winner Award; and Winner 2019 Global Fintech Startup of the Year.

Mersi is an independent company director and consultant. His commercial background is as a senior Financial Services and Tax partner with PricewaterhouseCoopers. His current roles include being a member of the Financial Advice Code Working Group and a director of Ngāi Tahu's Whai Rawa Fund.

He was a member of the government-appointed independent Savings Working Group, a director of Brook Asset Management and early in his career held a senior policy position in Inland Revenue with secondments to the OECD and the NZ Treasury.

MMC’s Managing Director, Tom Reiher said Vicelich’s "expertise with data, and ability to leverage technology, is an invaluable asset as we look to develop our digital tools and data insights capabilities for the benefit of our clients and New Zealand investors."

Mersi’s "governance proficiency and in-depth knowledge of the funds management and advisory industry will be essential to ensuring that we are a step ahead of upcoming changes in the regulatory environment."

With the recent acquisition of Aegis, MMC currently have more than 100 clients made up of investment managers, product providers and groups of investment professionals, with a combined funds under administration in excess of $77 billion.

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