NEW YORK, Oct. 31, 2002 (PRIMEZONE) -- Brown Brothers Harriman will outsource online enrollment and employee benefits administration services to Black Mountain Group. Specific terms of the agreement have not been disclosed.
Brown Brothers Harriman is the latest in a growing number of Wall Street firms to draw on Black Mountain's services and technical expertise in the HR outsourcing field. The addition of Brown Brothers Harriman as a client reinforces Black Mountain's unique qualifications in providing outsourced HR administration for financial services firms operating both domestically and internationally. Its success in the HR outsourcing sector was affirmed by its recent ranking in the new Inc 500.
"We are delighted to be chosen by Brown Brothers Harriman and we appreciate the confidence they have placed in us," says Steve Medici, President & CEO of Black Mountain Group. "It is a pleasure to work with clients of this stature."
"Black Mountain is 'the right fit' for us, both operationally and strategically," observes Don Jannazzo, SVP and head of compensation & benefits for Brown Brothers Harriman. Commenting on the care and courtesy afforded those of his staff transferring to Black Mountain and the success of IT integration activities, he observes: "They (Black Mountain) have been supportive and patient in helping us adjust to a new working arrangement. They have succeeded in making this arrangement for us nearly totally transparent to our employees on a day-to-day basis. A real accomplishment indeed."
In recent weeks, Black Mountain and Brown Brothers Harriman have worked through the detailed logistics of transitioning benefits administration to Black Mountain, including the transfer of two members of staff onto Black Mountain's team and related HR systems integration. Brown Brothers Harriman will be implementing Black Mountain View(tm) (BMV) 3.0 in conjunction with its new PeopleSoft 8 infrastructure. BMV 3.0 is a self-service application developed by Black Mountain to give employees easy access to their benefits and HR information online.
"Our new colleagues from Brown Brothers Harriman have been great in helping to achieve a timely and successful transfer of activity -- and the technology integration has proved to be seamless," observes Mike Harris, SVP with Black Mountain. Mike will manage the Brown Brothers Harriman account on behalf of Black Mountain.
About Black Mountain Group
Black Mountain Group is a leading outsourcing adviser and services provider in the global human resources sector, committed to:
-- Exceptional service and outstanding results for our clients
-- Leveraging local knowledge & expertise to meet the global needs of
our clients
-- Balancing human interaction with our use of innovative technology
We provide advice, assistance and support to our clients and their employees in almost 100 locations around the world, coordinated from our business centers in New York, London, Zurich, Singapore, Hong Kong and Tokyo. We are committed to supporting our clients whenever and wherever they need exceptional HR solutions.
About Brown Brothers Harriman
Brown Brothers Harriman is a privately held partnership. With 3100 employees, and offices and subsidiaries in nine states and seven countries around the world, current activities include commercial banking, global custody, investment management, merger and acquisition advisory services, foreign exchange and equity brokerage for institutions, and private equity investing.