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
Gravity selects Finastra to power banking and lending services
Gravity has selected Finastra’s Fusion Essence in the cloud solution for its end-to-end core banking capabilities...
An interview with Paul Stockwell: Islamic finance has ‘enormous opportunity’ for growth over coming years
In an interview with Specialist Banking, Paul Stockwell, chief commercial officer at Gatehouse Bank (pictured above), discusses increasing awareness of Islamic finance and opportunities in the banking world...
Revolut for Business launches expense management tool
Revolut for Business has launched a new expense management tool designed to simplify the handling of expenses for growing businesses...
Leek United strengthens intermediary team
Leek United Building Society has strengthened its intermediary team with five new appointments...
BCR awards £10m to Atom bank
Atom bank has received a £10m grant as part of the Capability and Innovation Fund Pool C grants announced by the board of Banking Competition Remedies (BCR)...
Bank of Ireland UK updates broker portal
Bank of Ireland UK has revealed that it has relaunched its broker portal...
Unity Trust Bank increases lending by 47%
Unity Trust Bank has reported an underlying pre-tax profit of £4m in H1 2019, an increase of £1.2m compared with H1 2018...
Taxing times for SMEs
Small business owners are the most creative and resilient individuals I know...
Metro Bank to open first store in the Black Country
Metro Bank is set to open two stores on 20th and 21st September in Solihull and Merry Hill...
TMA Club adds Harpenden Building Society to lender panel
TMA Club has added Harpenden Building Society to its lender panel, giving its members access to the building society’s range of mortgage products...
N26 appoints chief banking officer
N26 has appointed Thomas Grosse (pictured above) as its new chief banking officer...