12th Jan 2022 10:53
(Alliance News) - Ten Lifestyle Group PLC said on Wednesday it has won a multi-year client contract with an unnamed private bank and wealth manager in the Americas.
The London-based concierge platform plans to launch a new digitally-enabled concierge service to some private banking customers of the new client.
The estimated value of the contract is within a range of GBP250,000 and GBP2.0 million. Ten has said this has growth potential if the digital launch goes well, and the service expands to more private banking customers and geographical areas.
Ten Lifestyle's chief executive officer, Alex Cheatle, said: "We hope the success of this programme may lead to the further expansion of the service and the growth of a strong and long-lasting partnership with this new corporate client. This is a significant development for Ten in the Americas, further strengthening our scale in the region, and the group's business within the private banking and wealth management sector globally."
Ten's share price rose by 9% to 110.00 pence each in London on Wednesday morning.
By Elizabeth Winter; [email protected]
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