United Trust Bank (UTB) has appointed James Masters to the newly created role of Chief Technology Officer, the lender said in a statement. 

Masters has a background in technology in the financial services sector, including roles with JPMorgan, F&C Asset Management and PriceWaterhouseCoopers. Most recently, he was the global head of corporate technology for Schroders Investment Management.

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UTB achieved record levels of new business in 2020 despite the challenges brought about by the Covid-19 pandemic, the bank said. 

Masters is tasked with developing the Bank’s digital strategy and IT infrastructure in an effort to support UTB’s growth aspirations.

James Masters said: “I am hugely excited to be joining United Trust Bank with a mandate to develop and deliver the Bank’s digital technology and change strategy. UTB has already shown leadership in the specialist banking sector with its investment in intuitive FinTech; improving customer and broker experiences, streamlining processes and encouraging easier and more secure communication between the Bank and its stakeholders. I’m keen to further leverage innovative technology which will evolve with the Bank and support its impressive growth.”

Rob Sherr, chief operating officer at United Trust Bank, said: “The creation of this new senior role at UTB underlines the importance the Bank is placing on technology in helping us to maintain our commitment to innovate and improve customer and broker experiences when dealing with UTB.

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“James’ deep technical knowledge and sector experience will be vital in helping us to stay abreast of the constantly evolving FinTech landscape and delivering our exciting and dynamic change programme.”

On 1 July, UTB said it had appointed Kerry Stuart as a business development manager who would join its asset finance division. Before joining UTB, Stuart was with Metro Bank working as its business development director. During her career she has also worked at Renaissance Asset Finance, Conister Bank and Bank of Scotland.

UTB appoints former Metro Bank director to asset finance team