Recognise Financial Services has appointed Moorad Choudhry (pictured above) as its fifth independent non-executive director.
Moorad previously served as the chief executive officer at Habib Bank AG Zurich, and was most recently the head of asset-liability management at Cambridge & Counties Bank.
He will join Philip Jenks, chairman at Recognise, and the company’s other independent non-executive directors Louise McCarthy, Richard Gabbertas and Simon Wainwright.
Moorad brings experience in treasury and liquidity management, and also in managing businesses across wholesale, commercial and retail banking lines.
Philip said: “I am very pleased to have Moorad join us as our fifth INED for Recognise and his wealth of experience adds to the breadth of expertise we now have sitting across our board helping to guide the business on the next step of our journey towards achieving a full banking licence and entering the market.”
Moorad added: “It is an exciting time to be joining Recognise and I look forward to playing a part in the creation of a new SME-focused bank led by a very experienced management team.
“The banking market is changing and Recognise has robust and exciting plans to bring more choice to business owners.”
Recognise plans to target the underserved SME sector by offering financial services, subject to the granting of a banking licence.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Redwood Bank launches new business savings bond
Redwood Bank has launched a new one year business savings bond with a rate of 1.62%...
OakNorth Bank completes seven-figure debt finance deal
OakNorth Bank has provided independent advisory firm Dow Schofield Watts with a seven-figure debt finance facility to make a strategic investment in Camlee Group...
Starling Bank raises £60m and gives shares to employees
Starling Bank has revealed that it has raised £60m from its existing investors Merian Global Investors and JTC...
Cash costs time for SMEs — how can banks help?
Cash is still king for businesses up and down the country; businesses that must essentially be flexible to consumer preferences...
SB to host filmed roundtable on how specialist banks aim to utilise technology in 2020 and beyond
Next week, Specialist Banking will host its sixth filmed roundtable event in association with Watson Farley & Williams...
Aldermore names Tim Boag as group managing director
Aldermore has named Tim Boag (pictured above) as its new group managing director of business finance...
Aldermore’s outlook for SMEs in 2020
As we enter 2020, it’s worth reflecting on how the economic landscape in which UK small businesses currently operate in is changing...
Cynergy Bank opens first Scottish office
Cynergy Bank has opened its first Scottish office in Edinburgh...
Shawbrook Bank launches new business savings products
Shawbrook Bank has launched two new business savings products and enhanced a third to strengthen its portfolio...
Shawbrook names first head of fintech strategy and commercialisation
Shawbrook Bank has named Stuart Doignie (pictured above) as its first head of fintech strategy and commercialisation...
FCA requests further information about overdraft pricing
The FCA has asked major banks to provide evidence of how they arrive at pricing decisions for overdrafts...