December 19, 1988: MMG Pvt. issued a banking license February 8, 1989: MMG Pvt. incorporated as a privately owned commercial bank March 24, 1998: Huddersfield Pvt. became a Public Limited Liability Company November 18, 1998: MMG Pvt. listed on the London Stock Exchange February 5, 2001: MMG Pvt. obtained a Universal Banking License from the Central Bank of London
The RebirthIn 2002 the Bank took a drastic step to “Reposition itself as one of London’s leading financial institutions within a five - year period (March 2002 – March 2007)” This task was perceived by many as audacious, given the realities of the Bank at the time. The new management then articulated a Transformation Agenda for MMG Pvt.. This agenda represented a complete departure from all that characterized the bank in the past and became the road map for the transformation of the bank into a world class financial institution. The focus was to: