LONDON, UK: City of London Group announced Jean Murphy has been appointed as Chief Executive Officer of Recognise Bank Limited, the Company’s principal operating subsidiary.

Jean Murphy previously held senior roles at a number of international banks, including Director of Private Banking at Morgan Stanley and Executive Director of Goldman Sachs Wealth Management Division. Ms Murphy also founded, and is currently Managing Director, of a successful investment management consultancy advising family offices and high net worth Individuals.

Ms Murphy said: “This is an exciting opportunity to lead a new bank, driven by a talented, energised team of people who are passionate about helping SMEs. My role is to set out the next stage of the Recognise journey and build a strategy for growth and innovation.

“British businesses face significant challenges over the coming years, but there is also huge potential for success. What they need is the support of a bank that is driven by expertise, insight and imagination, with a laser-focus on meeting and anticipating their financial needs.”

Phil Jenks, Chair of the City of London Group, the parent company of Recognise Bank, said: “Ms Murphy brings huge experience of banking and capital markets to this role, along with a vital entrepreneurial spirit gained from building her own successful company, which gives her an appreciation of the challenges that business owners face.

“On behalf of the Board, I am delighted to welcome Ms Murphy as CEO and look forward to working with her in the exciting years ahead.”

Ms Murphy takes up the role after Jason Oakley, Recognise Bank’s co-founder, stepped down in March 2022. Co-founder Bryce Glover took over as interim CEO while the search for a new Chief Executive was ongoing. He will now return to his former role as Deputy CEO.