United Trust adds three senior development finance hires

Paul Turton (pictured) joined as head of sales for development finance, with Huw Jenkins and Paul Flannery added as property development managers for the North West and London respectively.

Turton joined from NatWest where he spent almost 31 years within the real estate finance sector.

The lender said his skills and experience would help improve its broker sales process and that he would be working closely with division head Noel Meredith to further raise the bank’s profile among developers, finance brokers and other associated professionals around the country.

Jenkins joined from Bank of Ireland. He has considerable banking and property finance experience gained while working in senior positions for major banks including three years as commercial and finance director of Publico Limited.

He will be introducing UTB’s service to new and established broker and developer contacts in the North West of England.

Flannery was most recently a director at Deutsche Pfandbriefbank, managing 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.

Business Bank guarantee

United Trust Bank executive director Noel Meredith said he was delighted to welcome the trio 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,” he said.

Meredith added that the investment in the team followed UTB securing a guarantee from the British Business Bank which greatly increased its capacity to lend.”