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MMC appoint two new independent directors

A press release from MMC published 3rd July 2020.

MMC are pleased to announce the appointment of two new independent directors, Carmen Vicelich and Paul Mersi, joining the MMC Board effective 1 July 2020.

Carmen Vicelich is the Founder and Global CEO at Valocity Global and Founder Chair at Data Insight. With almost 20 years in the banking and mortgage lending domain, Carmen’s two businesses leverage world class technology and data to solve customer problems. Carmen’s passion, drive and ability to make the complex simple have earnt her numerous awards including: finalist in the EY Entrepreneur of the Year awards; CIO Winner of Digital transformation; NZDM Nexus Supreme Winner Award; and Winner 2019 Global Fintech Startup of the Year.

“MMC are an incredible New Zealand success story with a fantastic team and I am delighted to join their board as they accelerate the use of technology and data to deliver new value to their customers” says Vicelich.

Paul Mersi is a New Zealand-based independent company director and consultant. His commercial background is as a senior Financial Services and Tax partner with PricewaterhouseCoopers. Paul's current roles include being a member of the Financial Advice Code Working Group and a director of Ngāi Tahu's Whai Rawa Fund. He was a member of the government-appointed independent Savings Working Group, a director of Brook Asset Management and early in his career held a senior policy position in Inland Revenue with secondments to the OECD and the NZ Treasury.

Mersi comments that "MMC are a dynamic and truly client-focused Kiwi business and I am excited to be involved in its next phase of innovating to further enhance their clients' interface with New Zealand investors."

MMC’s Managing Director, Tom Reiher, responds “We are thrilled to have both Carmen and Paul join our Board. Carmen’s expertise with data, and ability to leverage technology, is an invaluable asset as we look to develop our digital tools and data insights capabilities for the benefit of our clients and New Zealand investors. Paul’s governance proficiency and in-depth knowledge of the funds management and advisory industry will be essential to ensuring that we are a step ahead of upcoming changes in the regulatory environment. They are a great addition to the growing MMC family, providing a perfect fit to support us with our future growth and strategy plans.”

With the recent acquisition of Aegis, MMC currently have over 100 clients made up of investment managers, product providers and groups of investment professionals, with a combined funds under administration in excess of $77 billion.