Mellon Financial Corp.

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mellon financial corp. and outsourcing - All News and Analysis

• News: Amicable end to F&C/Mellon's outsourcing deal.

  - 2007-05-21

  Byline: CD F&C Management has terminated its back office outsourcing deal with Mellon Financial Corporation, claiming it needs a consistent approach to investment administration. The decision, announced jointly between Mellon and F&C, will see admin staff transferred from Mellon's employment back...

  Tags: back-office, FINANCE, Investment, Mellon Financial Corp., Outsourcing

• Special Supplement: Introduction - Is bigger better in wake of mergers?(Company overview)

  - 2007-03-01

  Byline: Gerry O'Kane They're off! First out of the gate is Bank of New York's merger with Mellon, swiftly followed by State Street's acquisition of Investors Financial Services IFS, out of IBT. Behind these two leaders is...? The new consolidation stakes...

  Tags: asset, Citigroup Inc., Europe, FINANCE, Investment, Mellon Financial Corp., merger, Outsourcing, security

• Suit claims 2 made unauthorized attempts to sell Buck.(Consultants)(Buck Consultants Inc.)

  - 2007-02-19

  Byline: Jerry Geisel NEW YORK - Unhappy with the ownership of Buck Consultants LLC, two recently departed top Buck executives - without authorization from the benefit consulting firm's parent - allegedly pursued deals with venture capitalists to sell Buck, according to a lawsuit. ...

  Tags: ACS, Benefits, consultant, consulting, FINANCE, Mellon Financial Corp., Outsourcing

• State Street Appoints Jack Klinck to Head of Global Investment Product Services

  - 2006-11-02

  Industry Veteran Assumes Newly Created Role to Lead Hedge and Offshore Funds Servicing Strategy Worldwide BOSTON -- State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, today announced the appointment of John Jack L. Klinck, Jr. to a newly created role as executive vice...

  Tags: asset, FINANCE, financial, investor, Mellon Financial Corp., offshore, Outsourcing

• F&C outsourcing scheme collapses in negotiations.

  - 2005-11-10

  ASSET manager F&C has abandoned its AGBP60m deal to outsource its IT platform and client administration to Mellon Financial Services. The deal fell through following what F&C called a "failure to agree satisfactory contractual terms". F&C and Mellon had entered into an...

  Tags: agreement, asset, FINANCE, Mellon Financial Corp., negotiation, outsourcing

• News: F&C and Mellon abandon deal.

  - 2005-11-07

  F&C Asset Management has failed to agree a suitable price for outsourcing services with Mellon Financial Corporation, seeing the deal collapse after months of negotiations. The two firms, who had been locked in discussions since F&C merged with Isis Asset Management in 2004, abandoned...

  Tags: FINANCE, Mellon Financial Corp., Outsourcing

• E-newsletter

  - 2005-04-01

  ACS buys outsourcing business from Mellon Technology outsourcer Affiliated Computer Services agreed to buy the human resources consulting and outsourcing businesses of Mellon Financial Corp. for approximately $445 million. The deal comes as several large technology-outsourcing companies have partnered or purchased HR consulting firms. Hewitt Associates kicked off the...

  Tags: ACS, Aon Corp., Benefits, Insurance, Mellon Financial Corp., Outsourcing, SOFTWARE

• Fitch Affirms Mellon's Ratings Upon Sale of Human Resources Businesses

  - 2005-03-16

  CHICAGO -- Fitch Ratings has affirmed all ratings of Mellon Financial Corporation MEL and its subsidiaries. This action follows MEL's announcement that it has agreed to sell certain businesses in its Human Resources/Investor Solutions HRIS segment to Affiliated Computer Services, Inc. for $445 million. Specifically, MEL will sell its consulting,...

  Tags: BPO, deposit, Fitch, Mellon Financial Corp., Outsourcing

• Mellon HR&IS pulls out down under.(Brief Article)

  - 2005-02-18

  Feb 18, 2005 (Investor Weekly - ABIX via COMTEX) US-based Mellon Financial Corporation is to sell its Australian business. The sale of Mellon Human Resources & Investor Solutions (HR&IS) has been shortlisted to two buyers, according to its director Barry Rafe. The company started...

  Tags: FINANCE, Mellon Financial Corp., New York Post, Outsourcing

• Mellon's Leader is A Study in Grace Under Pressure

  - 2004-11-01

  No.1 Martin McGuinn Chair & CEO, Mellon Financial Pittsburgh PA Return on equity: 22.4 Three-year average ROE: 25.2 Stock price: $27.67 P/E ratio: 15.5 2Q net earnings per-share: 42 cents Total capital ratio: 14.6 Clarity of vision (1 to 5 scale):...

  Tags: FINANCE, Investment, leader, Mellon Financial Corp., Outsourcing