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City of London Group expands Recognise board

Theo Osborn | 12:50 Monday 15th April 2019

City of London Group has strengthened the board of its subsidiary Recognise with the appointment of Louise McCarthy (pictured above) as an independent non-executive director.

Louise brings over 35 years of experience in large private and public sector businesses to Recognise, and has previously served at HSBC and RBS.

She is a qualified ACCA and has worked in a COO and CIO capacity for a number of major organisations.

Recognise is set to offer financial services to the UK SME sector and the retail and business deposits market, subject to being granted a banking licence.

Michael Goldstein, CEO at City of London Group, said: “We are very pleased to have Louise as an INED for Recognise.

“Her ability to transform, grow and align organisations is exactly what Recognise needs as we embark on the next stage of our journey to become an SME bank.

“Louise’s breadth and depth of experience shows her ability to see the wider picture and achieve commercial creativity.’’

Louise will join fellow independent non-executive directors Richard Gabbertas and Simon Wainwright.

Louise added: “In order for Recognise to deliver its strategy of high-quality, relationship-driven SME banking, it is important to have the right technology and systems in place.

“I have been very impressed with the management team and their commitment to drive real innovation, and I look forward to working with them.”

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