City of London Group has appointed Philip Jenks (pictured above) as the new chairman of its subsidiary, Recognise Financial Services.
Philip is currently a deputy chairman at Charter Court Financial Services Group.
He has also served as a NED at Leeds Building Society since 2011.
Subject to the granting of a banking licence, Recognise will offer financial services to the UK SME sector and the retail and business deposits market.
Philip’s appointment follows Recognise’s recent independent NED additions of Louise McCarthy, Richard Gabbertas and Simon Wainwright.
Michael Goldstein, CEO at City of London Group, said: “Philip’s proven leadership skills, breadth of experience, his track record of growing businesses and specifically his deep understanding of the regulatory environment and the banking authorisation process, are invaluable to the Recognise Board as we progress our SME banking licence application.
“He joins an executive team that has extensive experience of operating in the regulated banking sector and building SME banking portfolios.’’
Philip added: “I am looking forward to helping take Recognise to the next level on its journey to becoming a licensed bank.
“I have been very impressed with the quality of the Recognise team, their experience and insight into the SME banking sector and the compelling strategy they are driving forward.
“Having been on a successful journey with a similar organisation, I feel confident I can add real value to Recognise.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Hodge joins Advise Wise Mortgage Club lender panel
Hodge has announced that it has been added to Advise Wise Mortgage Club’s lender panel...
Shawbrook provides £500,000 second charge loan to protect property’s value
Shawbrook Bank has provided a £500,000 second charge loan to save a client’s property value...
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...