Recognise Financial Services, a subsidiary of the City of London Group, has appointed a fifth Independent Non-Executive Director (INED).

Moorad Choudhry joins the recently appointed chairman Philip Jenks and fellow INEDs Louise McCarthy, Richard Gabbertas and Simon Wainwright.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Choudhry started his career as an analyst at The London Stock Exchange and later moved on to roles at companies including ABN Amro, KPMG, JP Morgan Chase, Europe Arab Bank and RBS.  He was previously chief executive officer of Habib Bank UK and, most recently, worked at Cambridge and Counties as head of asset and liability management.

Additionally Choudhry has extensive experience managing businesses across wholesale, commercial and retail banking lines and led the Treasury workstream as part of the RBS divestment (“Williams & Glyn”) banking license application to the PRA/FCA.

Recognise remains subject to the granting of a banking licence, and is looking to focus on the SME lending arena.

Philip Jenks, chairman of Recognise, said: “I am very pleased to have Moorad join us as our fifth INED for Recognise and his wealth of experience adds to the breadth of expertise we now have sitting across our board helping to guide the business on the next step of our journey towards achieving a full banking licence and entering the market.’’

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Choudhry said: “It is an exciting time to be joining Recognise and I look forward to playing a part in the creation of a new SME focused bank led by a very experienced management team. The banking market is changing and Recognise has robust and exciting plans to bring more choice to business owners.”

In March the City Of London Group received commitments to raise £15.2m in new funds to support the development of its SME lending business.

The capital raising was effected through a combination of the issue to certain new and existing shareholders of, in aggregate, 10,520,000 new ordinary shares of £0.02 each.