Manulife Financial Corporation is pleased to announce that it has installed and successfully gone live with 4sight Financial Software Ltd's Securities Finance solution for its Securities Lending, Repo and Reverse Repo books of business.
The software will provide Manulife with a powerful tool to manage the borrowing and lending of a wide range of instruments held in portfolios run by its MFC Global Investment Management & John Hancock Financial divisions.
Manulife, one of the largest financial services companies in the world, conducted an extensive search for a new securities finance system and selected 4sight’s Securities Finance solution following a rigorous evaluation process. Manulife was looking for software with the flexibility to meet current and future business requirements and a provider that could offer an outstanding level of client service, technology and infrastructure to support Manulife’s operations and growth strategies. The ability to deliver these key elements ensured that 4sight was the first choice solution provider for the project.
"We are very happy to have completed the implementation of the software," says Jeannie Collins-Arden, CFA, FRM, Head of Front Office Supporting Operations of MFC Global Investment Management. "4sight Securities Finance's flexibility has ensured a close fit with our business model, and the Fixed Income functionality will enable us to aggressively pursue our future growth strategies and provide further added value to our portfolios."
Jason Hayes, 4sight Sales Director, North America comments: "The successful implementation of 4sight Securities Finance for Manulife, with its enhanced Repo and fixed income functionality, reaffirms our commitment to offering a Securities Finance solution that meets the needs of a converging marketplace and solidifies our commitment to the North American Market."