TIDMCIN

RNS Number : 4674D

City of London Group PLC

20 October 2022

20 October 2022

CITY OF LONDON GROUP PLC

("CoLG" or the "Company")

Chief Financial Officer to leave Recognise Bank

The Company announces that David Jenkins, Chief Financial Officer of Recognise Bank Limited, the Company's principal operating subsidiary, is to leave after three years with the Bank, effective as of 30(th) November 2022.

Jean Murphy, CEO of Recognise Bank, said:

"During his time at Recognise Bank, David has made a major contribution through the mobilisation period and in gaining our licence to become a fully trading SME Bank. David has supported the Board in the development and evolution of the Bank's strategy, and he leaves behind a strong finance and treasury team that will continue that support.

"I would like to thank him for the contribution he has made and wish him every success for the future."

Whilst a search is undertaken for a new Chief Financial Officer, Prasad Pitale, Head of Finance at Recognise Bank will take responsibility for the Finance team.

ENDS

 
 For further information, please contact: 
 City of London Group plc 
 Georgina Behrens (Group Counsel) 
 Email - Georgina.Behrens@recognisebank.co.uk 
 
 
 Shore Capital (Nominated Adviser 
  and Broker)                               +44 (0)20 7408 4090 
 Tom Griffiths 
 Guy Wiehahn 
 Iain Sexton 
 
 For media enquiries, please 
  contact:                                  +44 (0) 7801 105001 
 Paul Beadle (Head of Communications) 
 Email - Paul.Beadle@recognisebank.co.uk

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END

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October 20, 2022 02:00 ET (06:00 GMT)

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