City of London Group PLC Directorate Change (0655D)
25 Junio 2021 - 01:00AM
UK Regulatory
TIDMCIN
RNS Number : 0655D
City of London Group PLC
25 June 2021
25 June 2021
CITY OF LONDON GROUP PLC
("COLG" or the "Company")
Board Changes
City of London Group Plc (AIM: CIN) is pleased to announce the
appointment of Simon Wainwright as Non-executive Director to the
Board with immediate effect.
Simon is currently Chair of the Recognise Bank Ltd Risk
Committee and is a member of the Nomination Committee.
Simon is MD, Europe, Middle East and Africa at global reinsurer
Reinsurance Group of America (RGA). Prior to this role, Simon held
several senior positions at HSBC including CEO, HSBC Ireland, Head
of Business Banking, UK and COO, Corporate and Structured Finance.
He's also a NED of National Counties Building Society.
Philip Jenks, Non-executive Chairman of City of London Group ,
commented: "We are pleased to welcome Simon to the Board at an
exciting time for City of London. We are in the final stages of
acquiring a full banking license for Recognise, a journey that
Simon has been a part of since he joined the business in February
2019. His experience will prove invaluable as we move into our next
phase of growth."
Additional information
The following information is being disclosed pursuant to Rule 17
and paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Simon Wainwright, aged 58, is, or has during the last five years
been, a director or partner of the following companies and
partnerships:
Current directorships Previous directorships
Recognise Bank Limited RGA RE UK Limited
RGA UK Services Limited RGA Capital Limited
RGA Technology Partners, INC. RGA Holdings Limited
National Counties Building
Society
Simon Wainwright has no beneficial interest in the equity
securities of City of London Group plc.
Save as disclosed above, there is no further information
required to be disclosed in respect of Simon Wainwright pursuant to
Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information, please contact:
City of London Group plc
Michael Goldstein (CEO)
Ben Peters (Director of
IR) +44 (0)20 3988 6500
Peel Hunt LLP (Nominated
Adviser)
James Britton
Rishi Shah +44 (0)20 7418 8900
For media enquiries, please heather.armstrong@tavistock.co.uk
contact: / 07929-116860
Heather Armstrong Or email colg@tavistock.co.uk
Tim Pearson
About City of London Group
City of London Group (AIM: CIN), is a forward-thinking
organisation focused on serving the UK SME market, predominantly
focused on lending to the SME market through its subsidiary,
Recognise Bank.
In 2020, the Company raised GBP27 million to launch Recognise
Bank which received AwR in November. The Board and leadership team
have extensive experience in the financial services arena and
expect to receive full authorisation for Recognise later in
2021.
For more information please visit:
https://www.cityoflondongroup.com/
About Recognise Bank Limited
Recognise Bank was formed to provide financial services to the
UK S mall and Medium Enterprises sector and the retail and business
savings markets. It will target an underserved but growing SME
segment offering a relationship-led, digitally enabled
proposition.
The bank's efficient technology-driven operating base, partners
with leading fintech platforms to create a market leading SME
service using the best-in-class technology. Recognise has a strong
independent Board and an executive team with over 280 years'
experience of banking. In five years', time it aims to reach 54,000
depositors and 5,100 borrowers. Recognise is a subsidiary of the
City of London Group.
Click here for further information on Recognise. Follow us on
our LinkedIn by clicking here .
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