Manulife Financial Selects RBC Dexia As Fund Administrator For Cdn$26 Billion Portfolio

The Individual Wealth Management and Group Savings and Retirement Solutions businesses of Manulife Financial Corporation have selected RBC Dexia Investor Services to provide Fund Administration services for their Cdn$26 billion portfolio of funds in Canada. Manulife Financial is a leading

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The Individual Wealth Management and Group Savings and Retirement Solutions businesses of Manulife Financial Corporation have selected RBC Dexia Investor Services to provide Fund Administration services for their Cdn$26 billion portfolio of funds in Canada. Manulife Financial is a leading Canadian-based financial services group offering clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners.

“After a comprehensive review of our strategic alternatives, we are confident that RBC Dexia Investor Services is the best choice for providing fund administration services for our investment funds,” says Roy Firth, Executive Vice President, Canadian Individual Wealth Management, Manulife Financial. “We were particularly impressed with the company’s newly expanded scope and capabilities following the recent joint venture between RBC Global Services and Dexia Fund Services. In addition to helping us enhance our reporting capabilities, we are looking to RBC Dexia Investor Services to assist us with reducing operating costs as well as supporting our future growth in the Canadian marketplace.”

“We are delighted with Manulife Financial’s selection of RBC Dexia Investor Services as fund administrator for its Canadian portfolio,” says Jos Placido, CEO of RBC Dexia Investor Services. “Partnering with clients such as Manulife and enabling them to focus on their strategic priorities is the foundation of our outsourcing service proposition. We are looking forward to a long and mutually beneficial business relationship with Manulife Financial.”

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