RADIUS Wins BlackRock Account
NOVEMBER 7, 2006. RADIUS has been selected to provide travel management services to BlackRock, following the company's recent merger with Merrill Lynch Investment Managers.
BlackRock's bid process was led by TCG Consulting in conjunction with a Global Travel Council at BlackRock made up of key representatives around the world. With 90 travel management companies operating 4,900 branch locations in 80 countries to produce USD 19.7 billion in sales, RADIUS is one of the largest travel management companies in the world.
The lead RADIUS travel companies for the BlackRock account are RADIUS Ovation Travel Group in the United States and RADIUS Portman Travel in the United Kingdom, along with RADIUS travel management companies in Australia, China, Hong Kong, Korea and Singapore.
The key objectives for the BlackRock global travel consolidation program include providing the highest level of service to BlackRock employees, travel and entertainment policy management, data consolidation, risk management and traveler security and to identify opportunities and leverage the BlackRock global travel related spend and support expansion of the program worldwide. Brian Ostrowe, managing director at BlackRock and head of Corporate Services, said: "The global agency sourcing process presented many viable alternatives, but in the end the BlackRock Global Travel Council was impressed by RADIUS' ability to understand our requirements and present a comprehensive and scalable solution".
Tony Hughes, RADIUS president and chief executive officer, said: "It is extremely exciting for us to be global partners with BlackRock. They are leaders in their field and with this award RADIUS continues to reap the benefits of providing exceptional service and creating a new standard in the quality of value delivered, which puts us at the top of our game as well." Kieran Hartwell, the RADIUS vice president for multinational corporate sales who coordinated the RADIUS bid said: "This award is a big step for RADIUS because it firmly validates our global capabilities and demonstrates the logic of our overall strategy. It's great to see the industry recognize that we have one of the most compelling travel management solutions."
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