The Office of Thrift Supervision on Friday granted a trust charter to Massachusetts Mutual Life Insurance Co.

Federally chartered MassMutual Trust Co., based in Hartford, Conn., plans to offer personal and employee benefit trusts, investment management, and custody services. With 2.7 million policyholders, MassMutual is the country's sixth-largest mutual life insurance company and the owner of the OppenheimerFunds mutual fund family, which manages more than $100 billion of assets.

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