ITALY: Monte Dei Paschi di Siena (MPS), the world's oldest bank, has appointed Hogg Robinson Group Italia to manage its corporate travel account.
HRG won the business after a nine-way pitch against Carlson Wagonlit, American Express and BCD Travel among others.
The agency is understood to have secured the business on the strength of its corporate travel expertise from its work with other clients in the financial sector.
As well as organising the bank's travel itineraries, HRG will oversee technology to protect the bank's data and traveller information. All initiatives will be focused on providing the best value for the business at the most cost-effective rate.
HRG Italia managing director Claudio Miglio said: "HRG is thrilled to be working with such a distinguished company. We look forward to providing the best possible services to MPS and introducing outstanding levels of service and innovative solutions."
He added: "I'm particularly delighted that MPS noted HRG's commitment to its service offering and flexible approach - these are qualities we will be taking forward as we work together."
MPS was founded in Siena, Italy, in 1472 and employs more than 30,000 people worldwide. It became the largest bank in Italy after it bought domestic rival Antonveneta from Santander in late 2007 in a deal worth EUR9bn.