PHH Vehicle Management Services has been contracted to provide a range of fleet management services for the London Stock Exchange. The fleet and fuel management company will handle maintenance, accident management, acquisition and disposal of the London Stock Exchange's fleet of under 100 owned vehicles.

The contract, which replaces a fleet management deal with Avis Fleet Services, also includes the use of PHH's direct contact Driver Services Programme and award-winning Fleetcom for Windows fleet management software system.

London Stock Exchange administrative and general services manager Colin Tebbs said: 'PHH won the contract primarily because of its ability to tailor-make its service to reflect our requirements and the flexibility of its Driver Services Programme.