Soc Gen and Mellon in employee savings tie-up

FRANCE/US – Société Générale (SG) and Mellon Investor Services (MIS) have formed a partnership to manage employee stock option and shareholder plans for multinational US and continental European corporate issuers.

The partnership is designed to help SG and MIS clients that have overseas employees. European employees of American firms will use SG’s services in Europe and US employees of European companies will use MIS.

However, SG and MIS will continue to respectively manage the global employee stock programmes of European and American corporate issuers but the new project will allow a single consolidated view of clients’ global employee stock programmes as well as the services of a local provider in a local time zone.

Other joint activities include the development of shared marketing tools, such as conferences and brochures, client calling programmes and internet reporting technology development.

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