Manulife Financial Corp. today announced that its individual wealth management and group savings and retirement solutions businesses have selected RBC Dexia Investor Services to provide fund administration services for their $26 billion portfolio of funds in Canada.

“After a comprehensive review of our strategic alternatives, we are confident that RBC Dexia Investor Services is the best choice for providing fund administration services for our investment funds,” said Roy Firth, executive vp, Canadian individual wealth management, Manulife Financial.

“We were particularly impressed with the company’s newly expanded scope and capabilities following the recent joint venture between RBC Global Services and Dexia Fund Services.”