UTB appoints new head of sales for development finance

United Trust Bank (UTB) has made three senior appointments to its development finance team as it continues to extend its reach across the UK.

The specialist bank has hired Paul Turton (pictured above) as head of sales for the development finance division.

Alongside the division head Noel Meredith, Paul will be responsible for raising the bank’s profile among developers, brokers and other associated professionals across the country.

Paul previously worked at NatWest Real Estate Finance, where he helped a variety of clients in the residential, PRS and student housing sectors.

Huw Jenkins, property development manager for the North West

UTB also announced the appointment of Huw Jenkins (pictured above) as the property development manager for the North West.

Huw – who has joined from Bank of Ireland – has experience gained from a number of senior positions at major banks and spent three years as commercial and finance director of Publico Limited.

Paul Flannery
Paul Flannery, property development manager for London

The specialist bank has also hired Paul Flannery (pictured above) as the property development manager for the London area.

Paul was most recently a director at Deutsche Pfandbriefbank, where he was responsible for complex real estate risk transactions among other areas.

He has also worked in senior corporate banking and property finance roles at Bank of Ireland, Danske Bank and NatWest.

Paul has extensive knowledge of various transaction types, debt structures and credit risk management.

Noel, 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.

“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 housebuilders across the country looking for an experienced and competitive finance partner.

“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.”

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