United Trust Bank expands Development Finance team

By Bridging Loan Directory 20th November 2017

United Trust Bank has made three senior appointments to its Development Finance Division as it continues to grow market share and extend its reach across the UK.

Paul Turton has joined United Trust Bank as Head of Sales for the Development Finance division. Paul is a very well-known figure in the industry and his role at NatWest Real Estate Finance brought him into close contact with a variety of clients serving the residential, PRS and student housing sectors. Paul’s skills and experience will help UTB continue to improve its broker sales process and in addition, he will be working closely with Division Head Noel Meredith to further raise the Bank’s profile amongst developers, finance brokers and other associated professionals around the country.

Huw Jenkins has joined UTB as Property Development Manager from Bank of Ireland and will be developing UTB’s business and relationships in the North West. Huw has considerable banking and property finance experience gained whilst working in senior positions for major banks and during his successful three years as commercial and finance director of Publico Limited. Huw has spent most of his career in the North of England and is looking forward to introducing UTB’s service to new and established broker and developer contacts in that region.

Paul Flannery, Property Development Manager, will be helping UTB to increase its presence and lending to developers in the London area. Paul was most recently a director at Deutsche Pfandbriefbank, managing, amongst other things, complex real estate risk transactions. However, he has also worked in senior corporate banking and property finance roles at Bank of Ireland, Danske Bank and NatWest. As a highly regarded property professional with extensive experience of various transaction types, debt structures and credit risk management he adds further depth and breadth to UTB’s already knowledgeable Development Finance division.

Commenting on the appointments Noel Meredith, pictured, Executive Director of United Trust Bank, said:

“I’m delighted to welcome Paul Turton, Huw Jenkins and Paul Flannery to the Bank. They will be great assets to the Development Finance team and help us to continue to build awareness of UTB and introduce the Bank’s products and services to even more brokers and developers across the UK. Our aim is for UTB to be the first-choice lender for house builders and developers when building homes and investing in communities where people want to live and work.

“This investment in the team follows the Bank recently securing an ENABLE guarantee from the British Business Bank which greatly increases our capacity to lend and we are keen to talk to house builders across the country looking for an experienced and competitive finance partner. UTB is committed to supporting SME house builders for the long term through any challenges Brexit or economic uncertainty may bring. We will continue to provide innovative funding solutions and invest in experienced and talented people who can help UTB to succeed in becoming the UK’s leading specialist development finance lender.”