Over the course of his career Clegg (pictured) held numerous positions. He was previously a director of Hill Samuel & Co Ltd, co-chairman of Daiwa Europe Ltd and chairman of Daiwa Europe Bank plc.
He has served as a director of the International Primary Markets Association and as a senior adviser to the Bank of England on banking supervision. He also served as a member of the supervisory board of Bank Insinger de Beaufort NV and a director of Insinger de Beaufort Holdings.
Commenting on his decision to step down at the age of 80, Clegg said: “It has been very rewarding to be part of the United Trust Bank success story and the last few years have been particularly memorable with UTB posting consistently outstanding financial results and joining the Profit Track 100 list of the UK’s fastest-growing private businesses. The bank has also been nominated for two UK Private Business Awards and recently won the title of Specialist Bank of the Year in the 2016 Bridging & Commercial awards.”
Highlighting the contribution Clegg has made to UTB, Graham Davin, chief executive officer at the bank added: “He has guided all of us through years of stellar growth, as well as through the extreme volatility and risk of the 2008 crash. At all times, his attention to detail combined with his focus on the key issues and his tenacity has allowed the bank to expand and prosper.”