United Trust Bank announced that it is retaining its expansion on its short term lending into new markets by naming Kevin Flowerday and also set up a new Professional Lending product.
In Professional Lending segment, Kevin Flowerday has over 15 years of experience and most recently as Head of Sales at technology leasing and professional lending specialist Syscap.
Additionally, United Trust Bank would be disclosing the details of its new Professional Lending product soon.
Commenting on his appointment, Kevin Flowerday said: United Trust Bank has a fantastic pedigree in development finance, bridging and asset finance and we intend to apply the same values and develop the same reputation in the professional lending market. UTB s approach to doing business is refreshing and will add much needed working capital facilities to the legal, accountancy, architectural and medical sectors, whilst giving our intermediaries the professional service and personal interaction they have come to expect from us. I very much look forward to working with the team to ensure the success of this new venture.
Harley Kagan, Managing Director of United Trust Bank said: Kevin brings with him a deep knowledge of professional lending and an ambition to provide an excellent new product and service backed by United Trust Bank s trademark approach to bespoke funding. United Trust Bank continues to go from strength to strength increasing our lending across all divisions. Once launched, our new Professional Lending product will follow hot on the heels of our new Refurbishment product and demonstrates once again our desire to bring the Bank s expertise and excellent service to new customers in new sectors.