Administration November 10, 2001

Mellon, Societe Generale Link Up for Option Plans

October 11, 2001(PLANSPONSOR.com) - Mellon Investor Services has partnered up with Societe Generale (SG) to manage employee stock option and shareholder plans for multinational issuers in the US and in Europe.
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The partnership was formed in response to the need of multinational employers for a single administrator, able to manage companies’ shareholder and employee share option plans across multiple jurisdictions.

The partnership will draw on each parties local expertise in employee plan administration, share registry services, taxation, brokerage services and other related equity services.

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European employees of US companies will have their programs handled by SG in Europe. Similarly, Mellon will administer the share programs for US employees of European companies.

Communications links between SG and Mellon systems will enable a single consolidated view of clients’ global employee stock programs.

Employees will benefit from the services of a local provider in the local time zone, for example, European employees will utilize the call center of SG, which has six language capabilities.

Joint activities will include:

  • the development of shared marketing tools,
  • client calling programs,
  • call centers, and
  • online reporting technology

– Camilla Klein                               editors@plansponsor.com

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