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Managed Accounts Announces Transaction Completed to Expand Superannuation Capability

Managed Accounts Holdings Limited (ASX:MGP, “the Company”), one of Australia’s leading platform providers and investment administrators is pleased to announce that it has successfully completed the acquisition of 100% of the shares in Aracon Superannuation Pty Ltd (Aracon), an existing Registrable Superannuation Entity (RSE).

MGP Non-Executive Directors Peter Brook and Pam McAlister join the Aracon Board effective immediately to enable Aracon to take advantage of their extensive experience in superannuation administration and superannuation governance.

The acquisition will enable MGP to deliver an upgraded superannuation solution to its financial planning, stockbroking and institutional client base.

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