City of London Group appoints new independent non-executive directors
City of London Group plc (AIM: CIN), the parent company of Recognise Bank, is pleased to announce that Philip Jenks, Richard Gabbertas, Louise McCarthy and Moorad Choudhry (the “new directors”)
have been appointed as independent non-executive directors of the Company with immediate effect.
The new directors are all independent non-executive directors of Recognise Bank Limited and have been added to strengthen the Board’s banking expertise.
Commenting on the four appointments, Colin Wagman, chairman of COLG, said: “We are delighted to welcome Philip, Richard, Louise and Moorad to the board of COLG, their breadth and depth of experience will be invaluable to the Company as we progress into our next phase of growth.
“We are immensely proud to be able to attract this calibre of expertise to our board and it is a testament to our ongoing strategy and business model as a challenger in the SME banking market that
we are able to do so.”
Philip Jenks has had a long and successful career in banking. Before joining Recognise in 2019, he was first an independent non-executive director and then chairman at Charter Court FS Group and was
closely involved in a successful banking licence application. After obtaining banking permissions in 2015 Philip was involved in the launch of Charter Savings followed by a successful IPO in October 2017.
Philip’s experience also includes being a non-executive director of Leeds Building Society between 2011 and 2020 and in 2020 he became chair of Auden Group Ltd, a ‘for profit’ Social Enterprise intent
on changing the face of UK consumer finance.
Richard Gabbertas joined KPMG in in 1980 and was a partner from 1995. Until his recent retirement, he led KPMG’s Regional Financial Services Practice providing audit and advisory services to a range of
household names in the sector from established banks and building societies to new entrants. He has extensive knowledge of financial services and a deep understanding of banking regulation.
Louise McCarthy is a highly qualified CIO, CFO and business change leader with over 35 years’ experience in large private and public sector organisations, embracing complex technology and digital transformation strategies. In recent years, Louise has been IT transformational / change director at HM Revenue & Customs followed by contractor roles as transformational director at Aviva , and Specsavers, then CIO digital transformation at the European Bank for Reconstruction and Development. Latterly, Louise was contracted to HSBC as COO, global group digital transformation and was a ‘2017 CIO Women in IT’ finalist, Nominated Leading UK Female CIOs for the last five years and a speaker on digital transformation. Currently Louise is a senior advisor in digital practice at Bain and Co.
Moorad Choudhry was a former CEO of Habib Bank and has extensive experience in managing businesses across wholesale, commercial and retail banking lines. He has a proven track record in delivering treasury P&L at a number of the banks he’s worked at and is a respected industry commentator on balance sheet risk management, capital management and risk governance infrastructure. His experience extends to managing large and complex banking group balance sheet structures from balance sheet risk, ALM, liquidity, capital and interest rate risk.
