Managed Accounts Holdings Limited (ASX:MGP) acquired Aracon Superannuation Pty Ltd for approximately AUD 0.5 million on November 1, 2018. The consideration is funded from existing cash reserves. Non-Executive Directors of Managed Accounts Holdings Limited, Peter Brook and Pam McAlister will join the Aracon Board effective immediately. Brian Stieg has been appointed as the Head of Trustee Office. The acquisition is not expected to have a material impact on earnings of Managed Accounts Holdings Limited for the financial year 2019. Managed Accounts Holdings Limited (ASX:MGP) completed the acquisition of Aracon Superannuation Pty Ltd on November 1, 2018.