Ten Lifestyle wins new contract with OCBC Bank

AIM-listed Ten Lifestyle has won a new contract with OCBC Bank, the second-largest financial services group in Southeast Asia, to provide concierge services to its high net worth clients as part of its Voyage Card Concierge programme.

The contract, which is expected to have net revenue of between £250,000 and £2m annually, will see Ten provide members with a premium travel and lifestyle concierge service, including access to unique offers, benefits, and localised events, as well as access to its leading digital platform among other services.

Ten's chief operating officer, Andrew Long, said: "We are incredibly honoured to have been chosen as a key partner for such a powerhouse of a bank here in Singapore, and the Southeast Asian market. Singapore is known for its exceptional customer service and we are excited to bring our unique digital platform and in-depth knowledge of the market to the OCBC Bank's Voyage card base."

Ten was awarded the contract - its first with OCBC Bank - following a competitive tender and will be replacing the incumbent provider.

At 1045 BST, the shares were up 5.1% to 159.80p.