MindShare secures £11m Amex account

American Express is switching its £11 million UK media planning and buying business from Carat to the WPP-owned agency MindShare, as part of a global realignment.

At the same time, the financial services company is also shifting its £11 million media account in Italy to MindShare from ZenithOptimedia.

The accounts were moved without a competitive pitch in a bid to achieve efficiencies across the globe.

WPP's Ogilvy & Mather has been handling the Amex creative account on a global basis since 1962.

MindShare had been in talks with the company for a number of months, and it made a pitch for the business several weeks ago.

The agency now handles American Express' media business in all major markets except Japan. The Japanese market is handled by the Tokyo-based advertising agency Dentsu.

The UK account was last moved 15 years ago, when Carat picked up the business following a competitive pitch against the media department of Ogilvy & Mather.

According to Nielsen Media Research, American Express spent £4.6 million on press in the past 12 months. The company's next biggest investment in media was television, with a total of £3.8 million. This was followed by a spend of £1.8 million on digital.

MindShare and American Express declined to comment.

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