RBC Dexia to service Manulife Singapore funds
Manulife Singapore selects RBC Dexia for a S$1.5 billion fund valuation mandate.
Manulife Financial Singapore has appointed RBC Dexia Investor Services to provide fund valuation for its 42 locally domiciled investment-linked portfolios.
Under the terms of the mandate, global custodian and fund administrator RBC Dexia will conduct daily pricing of Manulife Singapore's investment-linked funds. The portfolios serviced are primarily funds of funds and are worth approximately S$1.5 billion ($1.04 billion).
"Outsourcing is an important strategic decision and it is imp…
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