Inactive Instrument

CITY OF LONDON GROUP

CIN

GB00BD9GS058

City of London : Departure of Recognise CEO, New Innovation Hub

March 15, 2022 at 07:42 am EDT

Chief Executive Officer Departs Recognise Bank

Creation of Innovation Hub

The Company announces the departure of Jason Oakley, as Chief Executive Officer of Recognise Bank Limited, the Company's principal operating subsidiary. Jason was Co-Founder of Recognise Bank, alongside Deputy CEO, Bryce Glover. Bryce has been appointed interim CEO with immediate effect, while the Board begins the process of selecting a new CEO.

The Company also announces plans to further accelerate Recognise Bank's digital innovation programme with the creation of a dedicated Innovation Hub, leveraging Recognise Bank's existing technology infrastructure to develop new and improved products and services, create new revenue streams, and help to deliver cost efficiencies.

Read the full announcement here.

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City of London Group plc published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 11:41:08 UTC.

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Company Profile

City of London Group Plc, through its subsidiary, Recognise Bank Limited (Recognise Bank), is focused on serving the United Kingdom small and medium enterprises (SMEs) market. Recognise Bank focuses on providing banking and associated financial services to the United Kingdom SME market. It offers a range of business and personal savings products, as well as lending products that are tailored to meet the needs of the SME sector. Recognise Bank operates as a relationship-led SME lending bank with offices in London, Manchester, Birmingham and Leeds. The Company subsidiaries include Property & Funding Solutions Ltd, which provides property bridging and development finance for commercial customers; Credit Asset Management Limited, which is engaged in asset backed finance and commercial loans to SMEs and Professions Funding Limited, which provides professions funding.

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Corporate Financial Services

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