Bryce Glover (pictured), deputy chief executive and co-founder of Recognise Bank, has announced his decision to step down from the Recognise Board, effective from the end of April 2023.
Glover has been with the SME-focused bank since 2018, playing a crucial role in securing its full banking licence in 2021 and launching various business lending and personal and business savings products over the past two years.
An experienced banker, Glover held several board and executive roles in the banking sector before joining Recognise.
He has served as deputy CEO and, for a period, interim CEO, since the business’s formation. With over 75 employees and nearly £100m in investment raised to support its strategic growth, Recognise Bank is well-positioned to execute its plans.
Glover will continue to provide consultancy services to Recognise and remain a main board director of Newcastle Building Society.
He commented: “Creating and launching a new SME Bank over the past six years has been exciting, challenging and fulfilling in equal measures.
“Recognise is now well positioned to deliver its strategic plan over the next few years with strong shareholder support, a highly experienced Board and a very capable executive team led by Jean Murphy, CEO.
“This is a good time to step back and return to developing my plural career, whilst continuing to support this great business in a consultancy capacity.”
Phil Jenks, chair of Recognise Bank, praised Glover’s ability to overcome challenges and retain the confidence of shareholders, regulators, and the board. Jenks said: “His knowledge combined with his ability to face into headwinds and get the best outcomes for everyone, has made him an exceptional leader, and we wish him the very best.”
Recognise Bank is a fully licensed UK bank providing tailored financing solutions to SMEs and competitive, FSCS-protected savings accounts to businesses and individuals.
