MMC, M&A and why investment admin is on fire

MMC CEO Vedran Babic (white shirt) discussing a project with his colleagues. (Image: Supplied)

Wed, 19 Jan 2022

Back in the back-office things are getting hot.And it’s nothing to do with global warming or volcanoes or summer or poor air conditioning.Instead, the heat is money-generated in a market for back-office administration services apparently on fire.Even in the dying days of 2021, the flames went higher, spreading to New Zealand on Christmas Eve with the surprise news that Auckland-based investment admin firm, MMC, had sold to an acquisitive offshore business.MMC is not a household name: but it should be. If any random KiwiSaver member, for e...

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