Recognise Bank announces Dean Carter as Group Treasurer

17 January 2022

Carter brings huge experience of banking and building society sector.

Recognise Bank has announced Dean Carter is to become the SME bank’s Group Treasurer. Carter had been working with the bank last year as it achieved full authorisation, launching a range of personal savings products in September 2021. He is now taking on the role permanently.

Hugely experienced in the banking and building society sector, Carter has been Head of Treasury at several banks and mutuals, as well as holding executive roles with responsibility for operational risk and compliance.

He was Director of Treasury Solutions at financial services company, King and Shaxson, supporting challenger banks including Shawbrook, Paragon and Masthaven as they obtained their banking licences. He continues to work with King and Shaxson’s Building Societies Forum, coordinating a number of small- and medium-sized societies, helping them stay up-to-date on topics such as regulation. Carter also provides all the BSA’s (Building Societies Association) treasury training requirements through an introduction to treasury and a risk course.

Carter said: “I’ve enjoyed working with Recognise as it has moved through those critical milestones to become a fully-fledged SME bank, so I am delighted to be onboard permanently. I’m looking forward to helping shape the bank as it grows and brings on stream more products and services, such as business savings.”

Jason Oakley, CEO of Recognise Bank, said: “Treasury is such a vital function for a bank like Recognise that has to balance the demands of both lending and savings, so I am delighted that we have someone of the calibre of Dean with us, and in particular the wealth of experience and expertise he brings to the role.”

Recognise Bank was created to provide SMEs with digitally-enabled, relationship-led banking across a range of unregulated lending options including Commercial Mortgages, Professional Buy-To-Let Loans, Bridging Loans, Working Capital Loans and Professional Practice Loans. While many of the big banks have cut back on their local support, Recognise has invested in a team of Relationship Managers in regional hubs based in London, Birmingham, Manchester and Leeds.

Following the launch of personal savings accounts last year, the bank plans to launch business savings accounts at the start of 2022.