City of London Group PLC Recognise Bank: New Appointment
11 Enero 2021 - 1:00AM
RNS Non-Regulatory
TIDMCIN
City of London Group PLC
11 January 2021
For release: 11/01/21
The UK's newest SME bank appoints Head of Investor Relations and
Communications
Recognise Bank ("Recognise"), the UK's newest SME Bank,
announces the appointment of Ben Peters as Head of Investor
Relations and Communications. Ben will be based at Recognise's hub
in the iconic Royal Exchange building in London.
Ben will be responsible for developing the communications
strategy for Recognise Bank and its parent, the City of London
Group plc (AIM: CIN), across a range of stakeholders including
existing and new investors, customers, media and the professional
community. Recognise Bank is now actively lending to UK SMEs
deploying the latest cloud-based technology alongside dedicated
relationship management and a commitment to deliver with speed and
flexibility.
Ben joins Recognise having spent the previous 3 years at City of
London Group Plc, initially as Director of Operations and then as
Director of Investor Relations working very closely with Group CEO
Michael Goldstein helping to lead the 2019 GBP15m equity raise and
the 2020 GBP27m raise. Prior to joining the group, Ben spent 8
years with EY and PwC leading Business Development aspects of the
firms' most important and high value client segments. Whilst at EY,
Ben championed EYs first Health, Mental Health and Wellbeing
proposition.
On his appointment, Ben commented, "I am excited to continue
working closely with Jason and the highly experienced team he has
brought together at Recognise. As we enter the market in these
uncertain times, Recognise Bank will provide support for
underserved SMEs and I look forward to being part of this
incredible journey."
Jason Oakley, CEO of Recognise said "Ben brings experience in
investor relations to Recognise and having worked closely with the
team for 3 years now, he understands the Recognise story and how to
engage effectively with our stakeholders. Ben will be integral to
helping deliver a successful Bank over the coming years.
Recognise's founding ethos - and the reason for the bank's name
- is to focus on the SME community that has been so overlooked and
neglected by mainstream banking. The bank will offer a
relationship-led proposition which will be delivered through
dedicated Relationship Managers (RMs) based in London, Midlands,
Manchester, and Leeds. The Relationship Managers will meet each
client and provide a responsive and personalised service. Each RM
will have deep knowledge of industry sectors and a genuine
appreciation for SME challenges.
-Ends-
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About Recognise Bank Limited
Recognise Bank was formed to provide financial services to the
UK SME sector and the retail and business deposits market. It will
target an underserved but growing business customer market offering
a relationship-led, digitally enabled proposition.
The bank's efficient technology-driven operating base is
expected to allow it to reach profitability within two years of
launch. Recognise 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 executive team to
support an ambitious executive team with over 280 years' experience
of building SME banking portfolios. In 5 years time it aims to
reach 54,000 depositors and 5,100 borrowers. Recognise is a
subsidiary of the City of London Group.
About City of London Group
City of London Group is a forward-thinking organisation focused
on serving the UK SME market. It is primed for the future, is
grounded with traditional values and a strength and depth of
expertise.
The Group's expertise covers finance for the business sector,
equity release and secured lending such as commercial, SME,
bridging and asset finance as well as lending to professional
firms.
The Group ensures its services are always delivered with a
personal touch, so clients know that they are more than a customer
and have a partner that will work with them as they look towards
the future.
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END
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