For investment linked portfolios
Manulife (Singapore) has selected RBC Dexia Investor Services to handle the fund valuation for 42 investment linked portfolios, accounting for over S$1.5 billion in funds under management and consisting of ‘fund of funds’ structures.
This mandate is expected to improve RBC Dexia’s position in Singapore and enhance its position in an environment where cost and process efficiencies have come to the fore.
Darren Thomson, president and CEO of Manulife Singapore, said: 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.
Scott McLaren, head of sales and distribution for Asia Pacific at RBC Dexia, said: 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.