Ten Lifestyle wins contracts and renewals with wealth managers

Travel and concierge company ten lifestyles said on Tuesday it had secured new strategic contracts and renewals with wealth managers across the UK, Europe, the Middle East and Africa.

Ten Lifestyle said the first of its new deal will see the company initially launch its services in spring 2022, making concierge and lifestyle services available to a segment of the client’s wealth management clients in the UK. United.

The AIM-listed group said the initial launch is expected to represent a small contract in the current financial year and grow to a medium-sized contract over its multi-year term.

Ten also said it had entered into a multi-year agreement with St James’s Place, an existing corporate client, to further roll out its digital concierge services to its partners and clients, renewed a major existing contract with a major UK private bank and secured small contracts to provide content services to two wealth managers in the EMEA region.

Managing Director Alex Cheatle said: “This is a significant development for Ten in the UK, our most mature market, demonstrating the potential for growth as we prove the impact we can have on success. business of our corporate clients, providing exceptional personalized service. to their valued customers.

“This win, along with other recent business developments with wealth managers in the region, may also help provide further proof to other wealth managers, outside of the UK, who are looking to improve their client statistics. .”

As of 1040 GMT, shares of Ten Lifestyle were up 4.04% at 116.0 pence.

Dolores W. Simon