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City of London Group plc (COLG) is listed as a trading company on AIM (TIDM: CIN) and is the parent company of a group which focusses on serving two key segments, the UK SME market and home reversion. In 2020, Recognise, a subsidiary of COLG, received authorisation with restriction (AwR) (banking licence) from the PRA / FCA. It expects to become fully operational in Q1 of 2021. Recognise will be a relationship led bank, focused on supporting the underserved SME market. It is launching with an experienced management team with over 200 years of SME banking experience, led by CEO Jason Oakley and Deputy CEO Bryce Glover.
Our Companies
We support a range of businesses, providing access to funding arrangements including bridging and development finance for professional services firms. And within the property market, equity release through home reversion plans.
Board of Directors
Our board has over 50 years of combined experience in financial services, including senior positions held with the FCA, the Bank of England, PwC, and EY. Between them, they possess profound, career-served sector understanding and, unusually in banking, experience of running their own businesses.
We support a range of businesses, providing access to funding arrangements including bridging and development finance for professional services firms. And within the property market, equity release through home reversion plans.
Our board has over 50 years of combined experience in financial services, including senior positions held with the FCA, the Bank of England, PwC, and EY. Between them, they possess profound, career-served sector understanding and, unusually in banking, experience of running their own businesses.
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Directorate Change
COLG announces that the Board has today accepted Lorraine Young’s resignation as an independent non-executive director of the Company and should like to take this opportunity to record their thanks...
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COLG announces Half-year interim results 2020
The Company announces its unaudited interim results for the six-month period from 1 April 2020 to 30 September 2020, along with an update on business developments. Read the full announcement here.
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SME Bank Recognise opens Manchester office
SME bank Recognise has announced the opening of its new Manchester hub, and the team selected to run it. Recognise Financial Services Ltd, a new challenger bank and subsidiary of...
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