{"id":1560,"date":"2021-08-09T09:11:49","date_gmt":"2021-08-08T20:11:49","guid":{"rendered":"https:\/\/www.mmcnz.co.nz\/?p=1560"},"modified":"2021-08-09T09:51:01","modified_gmt":"2021-08-08T20:51:01","slug":"mmc-reach-nz100-billion-in-funds-under-administration","status":"publish","type":"post","link":"https:\/\/www.mmcnz.co.nz\/mmc-reach-nz100-billion-in-funds-under-administration\/","title":{"rendered":"MMC reach NZ$100 billion in Funds Under Administration"},"content":{"rendered":"\n

MMC, New Zealand\u2019s leading provider of investment administration services to over 100 investment managers, product providers and investment professionals, today announce that they have reached NZ$100Bn in funds under administration (FUA).<\/p>\n\n\n\n

\u201cThis is a fantastic milestone for MMC, something that has been 20 years in the making (for MMC and ex-Aegis businesses combined).  This is a result of many hard-working hands and creative minds coming together to get the job done. MMC\u2019s founders Tom Reiher and Robert Moss had a vision to invest in proprietary technology, developed especially for New Zealand conditions, so that our clients could enjoy technology that could swiftly respond to their changing needs and the regulations. We are poised to continue delivering technology innovation and operational efficiency that accelerate our clients\u2019 success\u201d, explains Vedran Babic, CEO at MMC. <\/p>\n\n\n\n

MMC\u2019s services have evolved from core fund administration<\/a> including asset valuation, unit pricing, accounting, registry (including KiwiSaver registry) to fund custody<\/a> and wealth administration<\/a>. 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.<\/p>\n\n\n\n

Rebecca Thomas, Founder and Chief Executive Officer at Mint Asset Management, one of MMC\u2019s foundational clients, says: \u201cWe are excited to have been part of MMC\u2019s journey since day one. MMC have an outstanding track record of evolving their services in line with market changes or business requests; be it new regulatory requirements or accommodating the launch of a new fund. We have seen a key advantage of the software being proprietary owned and developed by MMC. This accelerates time to market for new functionality, and enables bespoke features. Most importantly, MMC have an in-depth understanding of the New Zealand investment market with all the regulations and reporting requirements that keep changing.\u201d<\/p>\n\n\n\n

\u201cFor many years, MMC have operated under the radar as the engine behind the scenes of New Zealand\u2019s investment sector. Looking ahead, we are excited to build on the entrepreneurial \u201ccan do\u201d spirit of our founders that still transpires throughout the organisation\u201d, Babic adds.<\/p>\n\n\n\n

\u201cWith 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.\u00a0 We are also on track to start delivering digital and data insights services to further help support our clients\u2019 investor experience. And with our recent acquisition of IFA<\/a>A<\/a> in Australia, we look forward to establishing a bridge for our New Zealand clients to take their products to the Australian market\u201d, Babic elaborates.<\/p>\n\n\n\n

For further information, please contact:<\/strong><\/p>\n\n\n\n

Christina Bendall, Chief Marketing Officer
Email: cbendall@mmcnz.co.nz
Tel: 021 997 611<\/p>\n","protected":false},"excerpt":{"rendered":"

MMC mark a fantastic milestone in their successful growth journey.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"content-type":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nMMC reach NZ$100 billion in Funds Under Administration - Apex NZ<\/title>\n<meta name=\"description\" content=\"MMC reach NZ$100 billion in Funds Under Administration, marking a milestone as a fintech success story in New Zealand\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mmcnz.co.nz\/mmc-reach-nz100-billion-in-funds-under-administration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MMC reach NZ$100 billion in Funds Under Administration - Apex NZ\" \/>\n<meta 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