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Investegate |City of London Group Announcements | City of London Group: Statement re Related Party Transaction

( COLG or the Company ) Disposal of Acorn to Oaks Financial Services The Board of COLG (AIM:CIN) is pleased to announce that it has agreed terms to sell Acorn to Oaks Financial Services ( A2O ) to Jason Oakley and his wife Claire Oakley (the Buyers ) for net consideration of £1.15 million (the Disposal ). A2O is a financial services intermediary business focusing on SME and landlord insurance products. It was acquired by COLG in July 2018, to complement the Company s operations. COLG acquired 100% of the shares of A20 from Jason Oakley, his wife Claire Oakley, a vehicle controlled by Mr and Mrs Oakley, and other minority shareholders. The Company has decided to focus on its SME banking subsidiary Recognise Bank Limited ( Recognise ). The capital created by the Disposal will be deployed within Recognise

Investegate |City of London Group Announcements | City of London Group: Director/PDMR Shareholding

Investegate |City of London Group Announcements | City of London Group: Director/PDMR Shareholding
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

City Moves 17 February: Who is switching jobs in the Square Mile this week?

City Moves 17 February: Who is switching jobs in the Square Mile this week? (Getty Images) Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO Sandro Pierri BNP Paribas Asset Management appointed a new deputy CEO, who joined the bank’s investment arm around five years ago. Alongside his new position, Sandro Pierri will continue to maintain his role as head of BNP AM’s Global Client Group, which he has held since 2017. 

nCino, Inc : Recognise Implements nCino to Provide Agility and Flexibility to Its Clients and Team

nCino, Inc.: Recognise Implements nCino to Provide Agility and Flexibility to Its Clients and Team SME-focused challenger bank goes live on the cloud-based platform to help ensure its client interactions are relationship-led and digitally enabled LONDON, Feb. 10, 2021, Inc.with new SME banking entrant, Recognise, following the granting of its banking license in November 2020. SMEs in the UK supply 60% of jobsin the private sector and therefore have a significant impact on the economy, including playing an important role in the UK s financial bounce-back from the COVID pandemic. Recognise understands that the SME market does not have a one size fits all approach. With nCino, Recognise has a nimble, scalable platform to manage clients specific needs and enable the bank s employees to provide more effective customer service regardless of where they are working, all of which has been particularly vital during the pandemic when SME support is of paramount importance.

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