City of London Group PLC Recognise appoints Head of Savings and Payments
12 Abril 2021 - 3:00AM
RNS Non-Regulatory
TIDMCIN
City of London Group PLC
12 April 2021
12 April 2021
New SME bank Recognise appoints Head of Savings and
Payments.
Recognise Bank ("Recognise"), the UK's newest SME Bank, is
pleased to announce the appointment of Damian Trussler as Head of
Savings and Payments.
Damian will lead the launch of the Bank's personal savings
products once the full banking licence is granted and then also
develop the suite of Business Savings accounts which will follow
later in 2021.
Damian is a financial services professional with 25 years of
experience in the banking sector. He joins from Nationwide Building
Society, where he has spent five years as Senior Manager, Product
and Proposition within the Business Savings division establishing a
high performing and talented team of Product Managers and IT
Developers.
Prior to his role at Nationwide, Damian spent 19 years at HSBC
in a variety of roles, latterly as a Senior Manager of Global
Product, Global Trade and Receivables Finance.
Recognise Bank, a subsidiary of AIM listed City of London Group
plc, will offer lending and deposit taking services to the UK SME
sector and the personal and business savings markets. It recently
commenced its lending activities employing the latest technology to
deliver a fast, efficient and flexible lending platform to business
owners and entrepreneurs.
On his appointment, Damian commented, "I am delighted to be
joining Recognise Bank as it enters a new and critical phase of its
development. I am particularly looking forward to working with an
experienced team who are focussed on delivering a better
proposition for UK business."
Bryce Glover, Deputy CEO of Recognise said, "We are excited to
welcome Damian to our team, his extensive banking knowledge and
experience will be incredibly valuable as we execute on our
business strategy to be the relationship bank of choice for UK
SMEs."
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 delivered through dedicated
Relationship Managers (RMs) based in London, Midlands, Manchester,
and Leeds. The RMs will meet each client and provide a responsive
and personalised service. Each will have deep knowledge of industry
sectors and a genuine appreciation for SME challenges, particularly
in the current economic climate.
-Ends-
For media enquiries, please contact:
Heather Armstrong heather.armstrong@tavistock.co.uk /
07929-116860
Or email colg@tavistock.co.uk
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 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 five 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 (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/
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