Morneau Sobeco and Sibson Consulting Announce Strategic Alliance: - Strategic alliance expected to bring broad array of services to clients of both organizations - Both firms looking forward to increased collaboration on benefits consulting and administration outsourcing in the U.S.

Abstract

"Through this alliance, Morneau Sobeco will be able to offer benefits and human resource consulting solutions to its U.S. clients, and provide enhanced outsourcing solutions to Sibson's client base," stated William Morneau, Chairman and CEO of Morneau Sobeco.

Morneau Sobeco and Sibson will collaborate on their respective client mandates and will pursue new joint business opportunities. Sibson will be able to turn to Morneau Sobeco to offer employee benefits administration outsourcing services to its clients in the U.S. who prefer a bundled consulting and outsourcing solution. Likewise, Morneau Sobeco will refer U.S. consulting mandates to Sibson. Morneau Sobeco and Sibson will join resources to offer integrated pension and health and welfare consulting and administration outsourcing services in the U.S market.