MMC, New Zealand’s leading provider of investment administration services to over 100 investment managers, product providers and investment professionals, have announced an expansion of their C-suite. The addition of members to their Executive Leadership team supports MMC’s client centric approach to providing existing fund and wealth administration services while also empowering the business’ plans for growth and innovation.
MMC are creating a Transformation Management Office (TMO) which will be led by Chris Watson, MMC’s current Chief Operating Officer (COO). Chris will be appointed as the new Chief Transformation Officer and supported by a team of talented Business and Technical Solution Analysts and Project Managers.
“Chris’ expertise and experience in helping scale MMC’s operations in the last decade, along with overseeing numerous successful client transitions, makes him the perfect candidate for this role”, comments Vedran Babic, MMC’s Chief Executive Officer (CEO).
Watson comments, “I am very proud of MMC’s track record of finding innovative ways to support our clients’ growth. Being ‘restless to improve’ is one of our key values and I am incredibly excited with the opportunity to make this my fulltime focus leading our TMO.”
Babic says, “The creation of a TMO sets us up to manage both internal and client driven change as well as any future client transitions. Having a COO and a CTO allows us to focus on the highest quality delivery of day to day services at the same time as we concentrate on innovation, enabling new enhancements for our clients and scaling our business for growth.”
“With the MMC business now employing 150 staff, we are also adding a Chief People and Capability Officer (CPCO) to our Executive Leadership team. As we grow we need to ensure that we are relentlessly investing in best practice people too, as they are at the very heart of what we do. We are continuing to prioritise our people and foster a culture in which they can learn, grow and succeed and a CPCO will play a critical role in helping us to achieve this”, comments Babic.
Alongside the above additions, MMC’s Chief Relationship Officer, Nicola Tait will change titles to Chief Client Officer (CCO). This supports the renaming of the Relationship & Communications team to the Client Success team, in order to align the support provided to clients with MMC’s purpose which is to ‘set clients free to accelerate their success’.
With the recent appointment of a Chief Financial Officer (CFO), MMC’s Executive Leadership team is now as follows: Vedran Babic (CEO), Chris Watson (CTO), Nicola Tait (CCO), Jacky Hollingsworth (CFO), Craig Richardson (Chief Information Officer) and Leigh Ryland (Chief Risk Officer).
Babic says, “We are excited that the expansion of our leadership team enables us to leverage a wealth of experience that will drive the next phase of evolution and innovation of our services to our clients and their investors, and further build on MMC’s successful journey to date.”
Hobson Leavy have been engaged to recruit for both the vacant COO role and the newly created CPCO role.
For further information, please contact:
Nicola Tait, Chief Client Officer
DDI: 09 557 1484
Behind the scenes powering their clients’ success is where MMC are at their happiest.
Since 2005, MMC have provided outsourced investment administration services to the New Zealand investment sector.
Auckland-based MMC now have over 150 staff and administer combined funds of around $90 billion for 100 clients ranging from investment managers, to product providers and groups of investment professionals.
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