Following in the wake of the Autumn Statement, British challenger bank Shawbrook has appointed consultants Bank of America Merrill Lynch (BoAML) and Goldman Sachs to advise on a possible initial possible offering (IPO), according to media reports.
Sky News has reported that Shawbrook, set up in 2011, is eyeing a flotation on the stock market in 2015.
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Sir George Mathewson, former chairman and current chief executive, has an uncertain status in the event of a return to public listings, according to Sky News.
Shawbrook is owned by Pollen Street Capital, itself previously owned by RBS.
A spokeswoman for Shawbrook bank said: "Shawbrook is private equity owned and we have always said that the ownership structure could change in the future.
"However I cannot comment on current market speculation. We are concentrating on growing the bank and expanding our customer base."
In October rival UK bank Aldermore, owned by private equity firm AnaCap Financial Partners, shelved its IPO after global equity markets deteriorated.
The FTSE 100 index declined 6.09% between September and October, meaning shareholders would have received far less per share than before the slide.
