Lloyds TSB reviews £50m DM account

Lloyds TSB is reviewing its estimated £50m direct marketing account.

Lloyds TSB: reviews £50m DM account
Lloyds TSB: reviews £50m DM account

The banking giant has invited two other agencies to pitch for the account, alongside incumbent agency Rapier.

The review will be completed by year end and any changes will take effect from the start of 2011.

Rapier was handed the entire £50m direct marketing account in June 2007 after a four-way shoot-out against Propaganda and the incumbents, Tullo Marshall Warren (TMW) and Partners Andrews Aldridge.

Catherine Kehoe, Lloyds TSB's head of brand and customer marketing, said: "We have enjoyed a strong working relationship with Rapier over the past three years.

"Now that their contract is coming to an end, we are taking the time to reassess the agency support needed to drive forward the strategic challenges of our direct marketing programme in 2011 and beyond. We look forward to working with Rapier and other top agencies in this review."


Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.


Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

1 Meet the new breed of ad agency chiefs

A new wave of first-time CEOs are opting to do things differently in an evolving landscape. They discuss the business model of the future with Jeremy Lee.

Case study: How 'This girl can' got 1.6 million women exercising

1 Case study: How 'This girl can' got 1.6 million women exercising

"This girl can" was based on a powerful insight: that the fear of judgement by others is the primary barrier holding women back from participating in sport.

Just published