Sibson Consulting and Morneau Sobeco Announce Strategic Alliance

CONTACTS:

Mary L. Feldman
SVP, Director of Public Affairs
The Segal Company & Sibson Consulting
212.251.5029
mfeldman@segalco.com

André Pinsonneault
Director, Corporate Communications
Morneau Sobeco
416.383.6499
apinsonneault@morneausobeco.com

NEW YORK (5/12/08) - Joseph A. LoCicero, President & CEO of The Segal Company, has announced that Sibson Consulting, the firm's HR consulting division, has agreed to a strategic alliance with Morneau Sobeco, a leader in employee benefits administration outsourcing solutions. The firms will collaborate on offering benefits administration outsourcing services to Sibson clients, and employee benefits and HR consulting services to Morneau Sobeco clients in the U.S.

Mr. LoCicero said, "This is an exciting opportunity for both organizations, as it truly makes both firms better equipped to service their client base and, therefore, more valuable to their clients. We are very pleased to offer clients one entry point for both benefits administration and benefits and HR consulting."

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

The firms already have mutual clients and are working on joint proposals. In addition, they have complementary business philosophies - they are committed to building long-term client relationships - and believe that this alliance capitalizes on the strengths of both organizations.

"Both firms are pleased to be able to offer a bundled solution - pension and health consulting and administration outsourcing services together - to organizations that prefer such an approach," concluded Daniel G. Fries, Leader of Sibson Consulting.

About Morneau Sobeco

Morneau Sobeco (www.morneausobeco.com) is the largest Canadian-owned pension and benefits consulting and outsourcing firm, providing services to organizations across Canada and in the United States. With over 1,200 employees in offices in 12 cities across North America, Morneau Sobeco has focused on the integrated design and delivery of pension and benefit plans for over 40 years.

About Sibson Consulting

Sibson Consulting (www.sibson.com), a Division of Segal, provides strategic human resources solutions to corporate and non-profit employers. Sibson's services include benefits, compensation, talent and performance management, communications, sales force effectiveness and change management.

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