$100 billion mark cracked

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.”