Having launched their JUNO KiwiSaver Scheme in August last year with MMC as their administrator, just ten months later Pie Funds have moved their remaining administration and custody business from Trustees Executors to MMC.
MMC’s CEO, Tom Reiher, commented “we are thrilled to have successfully transitioned Pie Funds Unit Trusts to MMC. The three month project to move the ten funds, $1bn in FUM and over 2,200 investor accounts has gone incredibly well and we are excited that we can provide Pie investors with the same client experience as their JUNO members. Our strengthened relationship with Pie Funds reinforces our strategic direction at MMC – utilising our in-house technology to provide administration and infrastructure to our clients to enable them to better meet their client’s needs.”
“Choosing MMC for our JUNO KiwiSaver Scheme last August means we have provided our KiwiSaver members with modern, efficient access to accurate information about their retirement savings,” says Pie Funds COO / CFO Lance Jones. “Seeing those advantages meant we were comfortable shifting our Pie investors. We look forward to an enhanced investor experience and better reporting for them too, plus potentially adding new features to our online client systems to benefit everyone who invests with Pie and JUNO.”
“We would like to thank our supervisor and our previous administrator for their support. And we are grateful to the project team at MMC who have dedicated considerable time and effort to making this transition as well planned, and smoothly executed, as possible.”
This latest transition takes MMC to over $50bn in FUA across 28 clients and for over 145,000 investors and members. Their services include fund accounting / unit pricing, custody and registry.
The New Zealand investment market will benefit from a broad range of leading investment administration services.Read the full story
This acquisition will further accelerate MMC clients' success by leveraging Apex's global best practice combined with MMC's local knowledge.Read the full story
Kiwi Wealth has gone live with MMC's platform and services.Read the full story
MMC and Simplicity renew long-standing partnership for fund administration and default KiwiSaver registry services.Read the full story
Kiwi Wealth extend their partnership with MMC to consolidate their fund administration processes and be set up for growth.Read the full story
BNZ expand their fund administration services with MMC to include registry for their default KiwiSaver scheme.Read the full story
MMC mark a fantastic milestone in their successful growth journey.Read the full story
New hires cement technology innovation and operational excellence at the heart of MMC’s services.Read the full story
Acquisition provides long-term strategic opportunities in Australia.Read the full story
MMC’s vision and roadmap for their wealth administration services were some of the key deciding factors.Read the full story
MMC Digital & Insights will help MMC's clients to deliver a seamless multi-channel experience to their investors.Read the full story