United Trust Bank has appointed a business development manager (BDM) for asset finance, to support brokers across England and Wales.

Paul Barter will be responsible for developing broker relationships in the Central region, which includes the East and West Midlands, and Wales. He will report to asset finance head of sales, Keith Sangwin.

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Barter joins UTB from Hampshire Trust Bank where he was also a business development manager since 2015. During his 30 years in the asset finance and motor sales sectors Barter has also working for companies including Mercedes Benz UK, Blackhorse Finance, and DSG Financial Services.

Keith Sangwin, asset finance head of sales at United Trust Bank said: “I’m delighted to welcome Paul to the UTB team and I’m sure his experience, drive and sales acumen will ensure he develops the Central and Wales regions into successful territories for the bank. Our business has grown considerably in the last few years and we have increased the number of brokers we regularly deal with and developed our sales, underwriting and administration teams to support the higher volumes of deals we complete and maintain an outstanding broker service.

“UTB’s proposition together with our ‘broker only’ promise differentiates us from our competitors and our commitment to helping brokers grow their businesses in the face of increasing competition from vendor and direct sales forces is a great message to take out to brokers. We look forward to Paul playing a significant role in ensuring our growth and success continues.”

An August survey by United Trust Bank of 108 brokers and intermediaries has shown that 61% of asset and property financiers believe it would take only one more 0.25% increase in the base rate set by the Bank of England for a potential stifling in SME investment.

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Incorporated in 1955, United Trust Bank now has dedicated divisions providing asset finance, mortgages, bridging finance, development finance and structured finance.