Symcor and Harris Sign Multi-year Outsourcing

Symcor has signed a seven-year agreement to provide wholesale lockbox services for the corporate and institutional clients of Harris, the Chicago-based bank, and its investment and corporate banking affiliate, BMO Capital Markets. The agreement is effective May 1, 2007.

Under the terms of the agreement, Symcor will provide BMO Capital Markets and Harris with wholesale lockbox services, including check and document imaging, remittance data entry processing, and reporting services. In addition, approximately 300 Harris employees who perform these services from locations in Chicago, Los Angeles and Atlanta will transition to Symcor on May 1, 2007.

Symcor was represented in this transaction by an in-house team led by Gary Eisen, senior vice-president general counsel and secretary. Loreto Grimaldi, vice-president associate general counsel (corporate/outsourcing/M&A) acted as deal lead with a team that included Pamela Snively, senior counsel, employment and labour and chief privacy officer (human resources, privacy).

Symcor was assisted by the Chicago office of Jenner & Block LLP with a team led by Carter Klein (US regulatory, outsourcing, corporate), and consisting of Adam Petravicius and Joseph Marinelli (intellectual property), and Darren Mungerson (human resources), and by Stikeman Elliott LLP's Mario Paura and Diana Batcheler on real estate matters.

Harris was represented by an in-house legal team led by Kathryn Raysses, vice-president and counsel, and including Cathy Cahill (human resources). Assisting the Harris legal team were Marc Franson and Scott Fryzel of the Chicago office of Chapman & Cutler LLP.


Jenner & Block LLP Stikeman Elliott LLP Chapman & Cutler LLP