United Trust Bank (UTB) has expanded its development finance division with the appointment of a new director and a new manager.
Hardeep Thandi joins UTB from Aldermore as director, property development and brings with him over 14 years of property development, commercial and corporate banking experience.
He is based in Leeds and will predominantly be responsible for promoting UTB’s development finance offering amongst SME house builders, developers, property investors and specialist introducers across the Midlands, Yorkshire, Humber and the North East.
UTB also announced the appointment of Martin Nield as its new manager, he will be based in London and will support senior managers Phil Bird and Rob Syrett in servicing their existing client base and growing their development finance portfolio.
Adam Bovingdon, senior director, property development, United Trust Bank, said: “With Hardeep and Martin joining the team we have strengthened our presence in the North of England and London where we see considerable potential for further growth.
“By increasing our customer and broker support around the country and building greater awareness of UTB and our development finance offering, we aim to make the bank a first pick for SME house builders and developers looking for competitive products and the backing of a reliable, knowledgeable and supportive finance partner.”
He added: “Hardeep and Martin bring experience and enthusiasm to the team and they share our commitment to supporting SME house builders and developers.”