LINCOLNSHIRE, Ill., June 26, 2012 – Aon Hewitt, the global human resource solutions business of Aon plc (NYSE:AON) announced today it has signed a new contract with BMO Financial Group (BMO), a highly diversified financial services organization, to renew its long-standing partnership to provide HR business process outsourcing (BPO) and benefits administration services. The original contract was signed with BMO in 2003.
Aon Hewitt will continue to provide a comprehensive suite of HR and benefits administration services to BMO’s 46,000 employees in Canada and the U.S., including payroll, workforce administration, health and welfare administration, recruitment services, and compensation administration among many others. As part of the new agreement, Aon Hewitt will add a variety of new services as well, further expanding the solution suite for BMO. For both new and continuing services, Aon Hewitt will implement its newest technology and solutions providing BMO with the best of what the HR BPO industry has to offer.
“BMO Human Resources plays a central role in advancing the bank’s vision. Our employees rely on us to provide simple, consistent HR tools and processes that eliminate complexities and enable them to focus on our customers,” said Richard Rudderham, executive vice president and head of HR at BMO Financial Group. “Our arrangement with Aon Hewitt significantly advances the work we are doing to renew our human resources processes at BMO. New technology will make HR transactions easier and more intuitive for employees and managers.”
“We are honored to continue to call BMO Financial Group a client,” said Jonathan Schembor, president, HR BPO at Aon Hewitt. “Our relationship goes back nearly a decade, and with our deep understanding of BMO’s business, we are well-positioned to deliver leading HR solutions and services to help them achieve their objectives.”
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About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
About Aon Hewitt
Aon Hewitt is the global leader in human resource solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com.
Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.