Ten Lifestyle Group Wins First Contract with HSBC
The Ten Lifestyle Group plc (LON:TENG) have won a competitive tender to provide concierge services to HSBC’s wealthy client base. The contract, which goes live this summer is, according to management, expected to be significant.
The Group was founded in 1998, initially operating from a small flat. Today they employ over 650 people across 20 global offices, providing services to wealthy and ultra-wealthy clients. They partner with a number of banks such as Coutts, Barclays, and now HSBC, who in turn offer Ten’s services to their clients as part of a high-value-customer package.
We filmed CEO Alex Cheatle in late 2017, and he gives a very useful overview of the business in the video below.