MMC, New Zealand’s leading provider of investment administration services to over 100 investment managers, product providers and investment professionals, are excited to announce the expansion of their Executive Leadership team. With the appointments of Joshua Arnold as Chief Product Officer (CPO) and Renee Tourell as Chief Operating Officer (COO), MMC strengthen their organisational structure to position technology innovation and operational excellence at the heart of their comprehensive fund and wealth administration services.
Both of these seasoned executives bring global experience from executive roles within financial services. “Our people and our technology are MMC’s most important assets. These new appointments will help develop those strengths further, bringing more innovation and efficiency to the investment management and advisory market,” said MMC’s CEO Vedran Babic.
Technology has always been a crucial enabler of MMC’s service delivery model. “With the newly created Chief Product Officer role, we are looking to extend MMCs technology leadership, and develop new capabilities to empower our clients. The industry needs better tools to respond to a fast-changing world,” Babic continues. Complementing MMC’s fund and wealth administration platforms, MMC’s planned launch of Digital and Insights are examples of improvements that will benefit MMC’s clients across various services and deliver an enhanced experience for investors.
Arnold has extensive experience from senior product and technology leadership roles across the world, where he has led strategic product development initiatives for prominent New Zealand as well as global organisations including Kiwibank, Air New Zealand, Spark Ventures, Western Digital and TUI Group. “Arnold is a multi-faceted fit for the Chief Product Officer role with a blend of engineering, product, digital and people capabilities. This aligns with MMC’s strategic direction. He will inspire to attract top talent to support high-performing teams – where product, technology and talent merge,” said Babic.
“I’m super excited to join MMC – and especially right now with the shift to digital accelerating across the investment administration market. MMC are already in pole position, ready to capitalise on opportunities to deliver distinct value to their clients,” said Arnold.
Tourell brings comprehensive experience as an executive in operations, client success management and performance optimisation from financial technology and services markets in London and New York. During her sixteen years with Dealogic, a global financial technology firm, she focused on building ‘client first’ cultures where she has a proven track record of translating strategy into action. “Tourell understands how to leverage technology for operational excellence while bringing the best out of people to focus on value-adding tasks. We’re delighted to welcome Tourell to MMC and are confident that her leadership will contribute to our ongoing success,” said Babic.
Tourell will take over the Chief Operating Officer duties from Chris Watson, whose focus as MMC’s Chief Transformation Officer will ensure delivery on strategic change initiatives for our clients and MMC.
“I’m passionate about financial technology and services. And I look forward to joining such a forward-thinking organisation with a growth mindset, ready to embrace their leading role in financial services to support the New Zealand investment administration market,” said Tourell.
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 $100 billion for 100 clients ranging from investment managers to product providers and groups of investment professionals.
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