Focus has signed a £6m contract with HSBC Bank to develop its multi-client distribution channel for life, pensions and investment products.
The majority of the amount will be payable within the next 18 months and
relates to the first major phase of a two phase programme.
Focus Solutions chief executive Richard Stevenson says: “This contract with HSBC is Focus’ largest bancassurance win to date and we are extremely proud to have such a prestigious banking organisation as a customer.
“This is our second major contract with a large high street bank and we are developing a strong market position in the fast growing bancassurance sector. We have a proven delivery capability in this market and with contracts of significant size, see it as a key growth opportunity for the organisation in the future.”