Sun Life's UK Arm Selects Primark's Icon; Back-Office System Is Part Of Global Upgrade

PORTFOLIO MANAGEMENT

Sun Life of Canada's UK division, which has £10 billion of assets under management, is installing the Icon back-office system from Primark Investment Management Services. The installation will involve 50 accounting and administrative staffers and is scheduled to be finished by September of 1998.

Primark officials would not reveal the total cost of the contract, although some sources familiar with the installation say its value exceeds £400,000. The price includes the software, consulting and