City of London Group PLC Recognise Bank appoints Director of Strategy
18 January 2021 - 6:00PM
RNS Non-Regulatory
TIDMCIN
City of London Group PLC
18 January 2021
18 January 2021
New SME bank Recognise appoints Director of Strategy
Recognise Bank has announced the appointment of Anita Maclean to
join their executive team. Anita's role will focus on the
development and execution of the Bank's future strategy. Anita will
also work closely with the CEO, Jason Oakley and Deputy CEO, Bryce
Glover on a range of key projects linked to the successful
development of the Recognise franchise following the Bank's
authorisation at the end of 2020.
Recognise, a subsidiary of AIM listed City of London Group plc,
will offer financial services to the UK SME sector and the personal
and business savings markets. It has recently commenced lending
activities and is employing the latest technology to deliver a
fast, efficient and flexible lending platform to business owners
and entrepreneurs.
Anita has 28 years of experience in strategic leadership across
Corporate and Commercial, Investment and digital start-up banking
sectors. Anita joins from the digital SME-start up Revverbank,
where she headed up operations for two years. Prior to her role at
Revverbank, Anita was Chief Operating Officer at Santander
Corporate and Commercial Bank, where she worked for 12 years.
Her experience also includes 14 years in investment banking in
frontline advisory and capital markets roles at BNP Paribas,
Deutsche Bank and Baring Brothers - as well as entrepreneurial
roles - founding , developing and successfully selling a number of
SME businesses.
On her appointment, Anita commented, "I am thrilled to join
Recognise, a customer-centric challenger bank that genuinely values
and recognises SMEs. More than ever, this is a pivotal time for
entrepreneurs, and I look forward to developing the bank's strategy
alongside a highly experienced team with a clear and unique
vision."
Bryce Glover, Deputy CEO of Recognise said, "We are delighted to
welcome Anita to our team, whose extensive sector knowledge and
experience will help drive Recognise's future strategy forward. In
addition to her banking knowledge, Anita's entrepreneurial
mindset-a key component of the bank's DNA-will be a great asset for
Recognise."
Recognise's founding ethos - and the reason for the bank's name
- is to focus on the SME community that has been so overlooked and
neglected by mainstream banking. The bank will offers a
relationship-led proposition delivered through dedicated
Relationship Managers (RMs) based in London, Midlands, Manchester,
and Leeds. The Relationship Managers will meet each client and
provide a responsive and personalised service. Each RM will have
deep knowledge of industry sectors and a genuine appreciation for
SME challenges, particularly in the current economic climate.
-Ends-
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About Recognise Bank Limited
Recognise Bank was formed to provide financial services to the
UK SME sector and the retail and business deposits market. It will
target an underserved but growing business customer market offering
a relationship-led, digitally enabled proposition.
The bank's efficient technology-driven operating base partners
with leading fintech platforms to create a market leading SME
service using the best in class technology. Recognise has a strong
independent Board and executive team to support an ambitious
executive team with over 280 years' experience of building SME
banking portfolios. In five years' time it aims to reach 54,000
depositors and 5,100 borrowers. Recognise is a subsidiary of the
City of London Group.
About City of London Group
City of London Group (AIM: CIN), is a forward-thinking
organisation focused on serving the UK SME market, predominantly
focused on lending to the SME market through its subsidiary,
Recognise Bank.
In 2020, the Company raised GBP27 million to launch Recognise
Bank which received AwR in November. The Board and leadership team
have extensive experience in the financial services arena and
expect to receive full authorisation for Recognise later in
2021.
For more information please visit:
https://www.cityoflondongroup.com/
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