He joined the bridging firm in 2010 and brought with him 20 years worth of experience in the short-term lending sector.
Margolis, who is also a qualified solicitor, was in charge of delivering advice on both regulated and unregulated loans. During his time at UTB he helped the firm celebrate many industry award wins.
Prior to UTB, Margolis was CEO at bridging lender Cheval Property Finance, where he assumed many different roles including compliance officer and chief operations officer (COO).
He took the companies that were part of Cheval Group through to the then new FSA regulatory process in 2004.
Harley Kagan, group managing director of United Trust Bank, said: “After six and a half years at the Bank Alan has decided to pursue other opportunities and we would like to wish him every success for the future.”
The news of Margolis’ departure comes as UTB experiences several key changes within the bank’s team.
One of those being the appointment of Robert Owen, who was promoted to managing director earlier this year– the role will see him take greater responsibility for the bridging and finance division.