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.
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