In April 2006, Manulife Financial established a shared services operation in the Philippines offering finance, administrative and technical services to its subsidiaries around the world. Manulife Business Processing Services has since grown rapidly and is still expanding. In fact, a new building in the UP North Science & Technology Park opened on June 25, 2008.
Manulife Business Processing Services (MBPS) is a wholly owned subsidiary of Manulife Financial created in 2006 to provide back office, accounting, finance and information technology services to other Manulife subsidiaries worldwide. Amongst our staff are professionals with background in accounting, investments, actuarial science, underwriting, medical science and information technology. By combining technology, operational expertise and timely service, MBPS helps provide Manulife's business units with new options for reducing turnaround time, improving business continuity and providing enhanced customer services to clients worldwide. The strategy helps Manulife in giving competitively priced products and services to its many customers in North America and Asia, and provides a way for the company to tap into a new source of highly skilled employees. Our building is located in the UP North Science & Technology Park in Quezon City, Metro Manila.
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were US$389.2 billion as at March 31, 2008. Manulife Financial is one of two publicly traded life insurance companies in the world whose rated life insurance subsidiaries hold Standard & Poor's Rating Services' highest “AAA” rating. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com