SINGAPORE, Sept. 2 /CNW/ - RBC Dexia Investor Services has been selected
by Manulife (Singapore) Pte Ltd to handle the fund valuation for 42 Investment
Linked Portfolios, accounting for over SGD1.5 billion in funds under
management and consisting primarily of Fund of Funds structures.
"Outsourcing is an important strategic decision and it is imperative that
the right partner is selected to ensure the full benefits are delivered. RBC
Dexia Investor Services is the right choice for us and we are confident that
their reputation for quality and reliability will serve us well," said Darren
Thomson, President and CEO of Manulife Singapore.
This mandate further strengthens RBC Dexia's position in Singapore and
enhances its reputation as a reliable and effective partner for companies
looking to review their back and middle office requirements in an environment
where cost and process efficiencies have come to the fore.
Scott McLaren, Head of Sales and Distribution for Asia Pacific at RBC
Dexia, commented: "Asset gatherers are increasingly looking at outsourcing to
help them with operational efficiency, but they need to be sure they have an
intelligent partner that can seamlessly align with their needs and ambitions.
By listening to Manulife, we were able to ensure we understood these important
issues and we look forward to working with them."
RBC Dexia Investor Services was recently ranked number one overall in the
Global Investor Global Custody Survey for the sixth consecutive year (2004 -
2009). RBC Dexia also excelled in the annual R&M Consultants Global Custody
Survey, and was ranked the number one service provider by fund managers in
Global Custodian's 2008 Global Custody Survey. RBC Dexia was also named Global
Custody: Client Relationship Manager of the Year in ICFA's 2009 Global Awards.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 22 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$421 billion
(US$362 billion) as at June 30, 2009.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the Internet
About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services
to institutions worldwide. Our unique offshore and onshore solutions, combined
with the expertise of our 5,500 professionals in 16 markets, help clients grow
their business and sustain enhanced performance through efficiency
improvements and robust risk management practices. Equally owned by RBC and
Dexia, the company ranks among the world's top 10 global custodians with USD
2.0 trillion in client assets under administration.
RBC Dexia Investor Services Limited is a holding company that provides
strategic direction and management oversight to its affiliates, including RBC
Dexia Investor Services Bank S.A., a credit institution licensed in Luxembourg
by the Commission de Surveillance du Secteur Financier and the Ministry of
Finance. All are licensed users of the RBC trademark (a registered trademark
of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia
Crédit Local) and conduct their global custody and investment administration
business under the RBC Dexia Investor Services brand name.
For further information:
For further information: Alex Clelland, London, +44 (0)20 7002 2009: