Morneau Shepell accelerates growth in the Caribbean and South America

Company sets up office in the Bahamas and completes strategic hire of Derek Osborne

NASSAU, Bahamas, Sept. 23, 2014 /PRNewswire/ – Morneau Shepell (TSX: MSI), the largest company in Canada offering human resources consulting and outsourcing services, today announced that it is strengthening its pension consulting business in the Caribbean and South America through a strategic hire and the establishment of Morneau Shepell (Bahamas) Ltd., based in Nassau. The company announced that it has hired Derek Osborne, a senior pension actuary and an expert in social security schemes, who has been servicing government and business clients in the Caribbean and South America for more than 15 years.

“We are extremely pleased that Derek Osborne has joined Morneau Shepell,” said Al Kiel, Managing Partner & International Practice Leader at Morneau Shepell. “Derek’s reputation as an expert in social security and a leading pensions actuary in the Caribbean will significantly enhance our market presence in the region, and is an endorsement in providing exceptional service to our clients.”

“With this strategic hire, we are expanding our international pension consulting business,” added Kiel. “It is also in line with our calculated plan to grow our business profitably through growth that complements our existing service offerings, and expands our market presence.”

“It is with great enthusiasm that I join Morneau Shepell in the Retirement Solutions and International Practice area,” said Derek Osborne. “I am delighted to become a part of Canada’s largest human resources consulting and outsourcing firm. Working for Morneau Shepell will give me access to the latest technology and a network of professionals locally and internationally to serve our clients.”

Derek has served clients in 12 countries in the Caribbean and South America for more than 15 years.

This hire is not expected to have a material impact on Morneau Shepell’s financial performance in 2014.

About Morneau Shepell Inc.

Morneau Shepell is the largest company in Canada offering human resources consulting and outsourcing services. The Company is the leading provider of Employee and Family Assistance Programs, as well as the largest administrator of retirement and benefits plans and the largest provider of integrated absence management solutions in Canada. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity and improve their competitive position. Established in 1966, Morneau Shepell serves more than 20,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 3,600 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.

Contact:
Nathan Gibson
Manager, Corporate Communications
Morneau Shepell
416-571-9236
ngibson@morneaushepell.com