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.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
NAB appoints new group CEO and MD
National Australia Bank (NAB) has named Ross McEwan (pictured above) as its new group chief executive officer and managing director...
The Co-operative Bank extends free SME banking offer
The Co-operative Bank has extended its free banking introductory offer for new SME customers by a year...
Cloud migration: Key considerations for financial services
More than ever, it is imperative for financial services organisations to migrate to the cloud...
Maria Harris set to leave Atom bank
Atom bank has revealed that its director of retail mortgages Maria Harris (pictured above) is set to leave to become an independent consultant in the mortgage market...
Handelsbanken reports 6% surge in UK lending
Handelsbanken has reported a 6% increase in UK lending to £21.4bn in Q2 2019, compared with Q2 2018...
Tandem reveals development of new mortgage product
Tandem Bank has revealed that it’s developing a new mortgage product which will be suitable for first-time buyers...
Goldman Sachs invests €25m in Raisin
Goldman Sachs has provided €25m of funding to Raisin...
The power of partnerships
Since our launch in September 2015, we have proven our ability to innovate in the UK savings market, which has been recognised with various savings awards...
N26 rebrands premium account
Mobile bank N26 has launched a premium accounts product named N26 You...
Sesame adds Investec Private Bank to panel
Investec Private Bank has been added to Sesame’s panel...
84% would change financial services provider due to poor complaints experience
More than eight out of 10 customers (84%) claim that they would change financial services provider due to a poor complaints experience, according to the latest research...