Arun Sohanta

Recognise Bank names new regional director for West Midlands

Recognise Bank has appointed Arun Sohanta (pictured above) as regional director for the West Midlands.

In his new role, he will be responsible for developing and managing relationships with customers in the area.

Initially, his focus will be on commercial real estate lending, particularly bridging finance, before expanding into new lending products.

Arun has over 15 years of experience in banking and finance in the West Midlands and joins Recognise Bank from Acord to Oaks Financial Services.

Prior to this, he held positions at a number of banks, including Metro Bank, Lloyds TSB and Barclays.

“This is an exciting new role at Recognise Bank, which is placing relationships at the heart of SME banking again,” Arun said.

“The bank has ambitious growth plans, particularly in the West Midlands, and I am looking forward to providing SMEs and entrepreneurs a relationship-led banking proposition that is sadly missing in the sector.”

Jason Oakley, CEO at Recognise Bank, added: “Arun brings a breadth of experience to Recognise, particularly in the West Midlands. 

“We are looking forward to working with Arun and utilising his knowledge to establish Recognise as a leading bank in the region for SMEs.”

In March, Jason revealed in an exclusive interview with B&C that the bank aims to underwrite around £250m in new loans by this time next year.

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