A chief financial officer and chief risk officer have been appointed.
Recognise Financial Services has made two appointments to its executive team.
David Jenkins has been appointed chief financial officer and Patrick Ferguson as chief risk officer.
Jenkins joins from Aldermore where he was director of finance and capital management and lead business partner to the commercial divisions of the bank.
Meanwhile, Ferguson joins from Newcastle Building Society where he spent nine years, working as group risk executive and then strategy, planning and risk director.
Jason Oakley, chief executive of Recognise, said:“I am delighted to welcome not one but two highly experienced members to the executive team at Recognise.
“Their impressive career profiles and knowledge adds to the breadth of expertise we now have sitting across our top team and will help continue to guide the business on the next step of our journey, towards achieving a full banking licence and entering the market.
“I would also pay tribute to Adrian Golumbina who, whilst staying in the leadership team of Recognise, will now also support our parent City of London Group plc, as group chief financial director and a director of Acorn to Oaks Financial Services Ltd.
"Adrian will be key to help unlock the wider potential of City of London Group.”
Jenkins added: “This is a great opportunity to join an exciting new venture with an experienced team and a very credible business plan.
“I am looking forward to the chief financial officer role and particularly supporting Jason Oakley and the executive team in creating a new SME lending business.”
Ferguson said: “The timing of my appointment is opportune as the Recognise team have recently submitted their formal application.
“My focus will be on ensuring that this new SME bank continues to build strong and dynamic risk credentials to match its great ambition and to ensure its long-term success.”
