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$100 billion mark cracked

Tuesday, August 10th 2021, 7:39PM

Investment administration services provider MMC, which includes Aegis, has cracked the $100 billion in funds under administration.

MMC’s services have evolved from core fund administration including asset valuation, unit pricing, accounting, registry (including KiwiSaver registry) to fund custody and wealth administration. The ability to offer comprehensive services across both fund and wealth administration as well as being on track to be the largest KiwiSaver administrator have contributed to the fast growth.

“For many years, MMC have operated under the radar as the engine behind the scenes of New Zealand’s investment sector," chief executive Vedran Babic says.

"Looking ahead, we are excited to build on the entrepreneurial “can do” spirit of our founders that still transpires throughout
the organisation.”

“With digital technology fast becoming a key differentiator, we are well placed for our next chapter of growth. We are a cloud based business with ownership and control of our technology and offer the widest breadth of investment administration services
in the country.

"We are also on track to start delivering digital and data insights services to further help support our clients’ investor experience. And with our recent acquisition of IFAA in Australia, we look forward to establishing a bridge for our New
Zealand clients to take their products to the Australian market”, Babic says.

Tags: Aegis MMC

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Last updated: 23 September 2021 8:11am

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