Scheme transfer problem-free

Scheme transfer problem-free

International Finance Administrator opts for Reflex to manage its onshore and offshore benefits schemes.

Merrill Lynch/State Street Bank, a Coroni customer, and one of the world’s leading providers of financial services, recently acquired an International Finance business based in the Channel Islands.

The bank has no worries over the integration and management of the benefit scheme however, as Coroni’s Reflex software is used by both businesses.

The offshore scheme continues to manage around 600 employees based in the Channel Islands and Ireland while those based in the Caribbean, Far East and the USA will transfer across to the much larger UK scheme.