![]() The bank will be initially based in Manchester, Leeds, Birmingham and London in the form of regional hubs. ![]() Recognise has been created with the purpose of providing working capital in the form of commercial loans, plus tailored commercial property lending. Recognise will be led by Jason Oakley, former managing director of commercial banking and mortgages at Metro Bank, with Philip Jenks, a former HBoS banker, as chairman, and Bryce Glover, former commercial director at Nationwide building society, as deputy chief executive. Ms Parasol, 53, is worth about £780 million, according to The Sunday Times Rich List. Ms Parasol has a number of investments spread across the world, including a significant portfolio focused on London, the United States and Israel – plus a number of further boutique investments in various jurisdictions. It joins the two other cornerstone investors, DV4 and Max Barney. The investment will be channelled through RG Advisors. Locally-based self-made multimillionaire, Ruth Parasol, has helped to spearhead a brand new bank in the UK, called Recognise.
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