MANULIFE INKS OUTSOURCING DEAL WITH THOMSON REUTERS
Toronto-based Manulife Financial Corp.'s asset management division has signed a multi-million-dollar outsourcing deal with New York-based Thomson Reuters. As part of the agreement, MFC Global Investment Management will use the Thomson Reuters Portia recordkeeping system for more than $66 billion in public assets under management. According to Thomson, the service will allow for "the introduction of a single book of record for the public asset component of its investment management business."
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