Announcement of capital raising
COLG is pleased to announce that it has received firm commitments to raise £15.2 million in new funds to support the development of its lending business. Read the full announcement here.
YEAR 2019
YEAR 2019
Appointment of non-executive director to Recognise subsidiary
Aim-listed City of London Group (“COLG”) has announced the appointment of a second independent NED to its subsidiary, Recognise Financial Services Ltd, which is applying for a banking licence. Richard Gabbertas recently retired from KPMG which he joined in 1980 and was a partner from 1995. Read the full announcement here.
Building with confidence in challenging times
Recognise Financial Services Deputy CEO Bryce Glover discusses the current market for the challenger bank. In his opinion piece published in Specialist Banking, he explores the current market for launching a new bank through the lens of the City of London Group team that is currently going through that very process. To read Bryce’s article visit Specialist …
Acorn to Oaks Financial Services acquisition completed
Following the announcement on 30 July 2018, regarding the formal agreement for COLG to acquire 100% of the shares of Acorn to Oaks Financial Services Limited (“A2O”) (the “Acquisition”), COLG is pleased to announce that the Acquisition has completed. Read the full announcement here.