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MMC hires first CFO

MMC has hired Jacky Hollingsworth as its inaugural chief financial officer (CFO).

Due to start at the Auckland-based investment administration firm in October, Hollingsworth is currently CFO for Auckland Tourism, Events & Economic Development.

Previously, she has held a number of senior financial roles including general manager finance for Vocus NZ and CFO at McDonald’s Restaurants NZ.

Hollingsworth has also “had experience with technology start-ups and SMEs”, according to a MMC release.

Vedran Babic, MMC chief, said in the statement that “her commercial focus and data driven approach will be a great addition to our business”.

“To have a CFO come to us with not just a strong accounting and finance background but also with outstanding technology literacy and systems implementation experience is a fantastic asset,” Babic said. “This role has historically been covered by Rob [Moss] and Tom [Reiher]. With the growth in our business and recent changes made at the MD and CEO level, adding a CFO augments our strong foundation for the future. Jacky will also be joined by an additional resource to support her wider CFO mandate.”

MMC now houses over 135 employees following the purchase of the investment administration platform Aegis from ASB last year. Including Aegis, MMC has about $80 billion in assets under administration on behalf of more than 100 clients across funds management, financial advisers and other product providers.

Hollingsworth said in the release: “The MMC team have a great culture and joining them in this newly created role is a fantastic opportunity. I look forward to utilising my skills and experience in developing and deploying reporting systems and processes, business planning and supporting the business with delivering key analytical and financial insights.”

She will be part of the MMC executive team that includes: Chris Watson (chief operating officer); Craig Richardson (chief information officer); Leigh Ryland (chief risk officer); and, Nicola Tait (chief relationship officer).