City of London Group

Appointment of non-executive director to Recognise subsidiary

City of London Group plc (“COLG”) announces the appointment of Simon Wainwright as the first non-executive director appointment for its subsidiary, Recognise Financial Services Ltd (“Recognise”), which is, as previously announced, in the process of applying for a UK banking licence.

Simon Wainwright is MD and COO for Europe, Middle East and Africa at global reinsurer RGA. Prior to this role, Simon held a number of very senior positions at HSBC including CEO, HSBC Ireland, Head of Business Banking, UK and COO, Corporate and Structured Finance. He is also a NED of National Counties Building Society.

Read the full announcement here.