About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

MFC Global Investment Management Selects Thomson Reuters’ Portia for Recordkeeping

Subscribe to our newsletter

The asset management arm of Canadian-based financial services group Manulife Financial, MFC Global Investment Management, has selected Thomson Reuters’ Portia for its investment recordkeeping requirements. The firm signed the multi-million dollar deal with a view to introducing a single book of record for the public asset component of its investment management business, says said Jacqui Allard, vice president and chief administrative officer at MFC Global Investment Management.

“We have a longstanding business relationship with Thomson Reuters. They understand our business and our people,” says Allard, explaining the reasoning behind its selection. The firm is therefore no stranger to Thomson Reuters: the Boston office of MFC Global has been using the vendor’s system for nearly 10 years.

However, this year will see the extension of the outsourced services solution across MFC Global’s operations in the US, Toronto, London and Asia via a multi-phased approach, says the vendor. Under the terms of the deal, Thomson Reuters will provide MFC Global with a range of investment operational hosted software services including data management, portfolio recordkeeping, management reporting and disaster recovery support.

Last year, the vendor integrated the investment accounting system, Portia, to DataScope Select, its global pricing and security reference data offering as part of its drive for synergies between its merged businesses. The interface allows Portia clients to use DataScope Select’s pricing and reference data for portfolio management and valuation, as well as investment accounting.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to integrating legacy data with the cloud

Acceleration of cloud adoption, increasing demand for digital transformation and real-time data management have led financial institutions to rethink their data infrastructure to enable more agile operating models that can respond faster to change and make data a competitive advantage. For many, integrating data from legacy systems and data across the business landscape with a...

BLOG

FinTech Veterans Create Data, Technology and Services ‘Ecosystem’ to Solve Regulatory Challenges

The battery of ESG and financial regulations introduced in the past few years – and the future rules already in an advanced state of preparation – are weighing on institutions as the threat of censure for breaches increases. But a team of FinTech specialists has come up with a novel approach to helping all parties,...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...