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Our environmental commitment

What we’re doing to help reduce our environmental footprint.

  • Deposits

    We give your savings a safe place to grow, with competitive interest rates and award-winning customer service.

    Learn more
  • Bridging finance

    Quick and flexible bridging loans, consistently delivered.

  • Property development finance

    Quick and flexible bridging loans, consistently delivered.

  • Structured property finance

    Quick and flexible bridging loans, consistently delivered.

Your ambitions aren’t ordinary. So why should your bank be?

At United Trust Bank, we know that to bring your most ambitious goals to life, you need partners you can count on. So, whether you’re an individual, broker, or developer, we’re committed to building trusting relationships and delivering solutions that work for you.

About UTB

2023 Key Performance Indicators

  • £154.1m

    Operating income

  • £87.5m

    Operating profit 1

  • 43.2%

    Cost income ratio 1

  • £1,792m

    Gross new lending

  • 404

    Staff numbers

  • £3,104m

    Loan book

  • £3,061m

    Funding 2

  • 23.9%

    Return on equity 3

1. Before provision for impairment losses

2. Includes the Term Funding Scheme with additional incentives for SMEs

3. Return on Equity is calculated net of the coupon paid on contingent convertible securities

If your enquiry isn’t specific, the best way to get in touch is via the contact form below, and one of our team will respond as soon as possible.

General enquiries

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Senior team members are approachable and willing to help you achieve your personal and the business’s objectives. Although the work environment is challenging and fast paced, the work-life balance at UTB is very good. The great characters and the camaraderie creates a fun office environment.”

Richard Peavoy, CLS Money

The Board of Directors

Richard Murley

Chair

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Richard Murley
Richard Murley

Richard Murley studied law at Oxford University and began his career at Linklaters & Paines before moving into investment banking with Kleinwort Benson and Goldman Sachs. Following a two-year secondment as Director General of The Takeover Panel, he joined NM Rothschild & Son where he is a Senior Advisor. Richard is the Chair of Macmillan Cancer Support.

Graham Davin

Deputy Chair

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Graham Davin
Graham Davin


Graham was CEO of United Trust Bank from 2004 to 2020. He began his career at Arthur Andersen and was previously Chief Financial Officer and Head of Corporate Finance of Investec Bank and a main board director of Investec for 16 years. He was a founding partner of the Insinger de Beaufort Group and a director of its listed parent and its Dutch bank. He is the Senior Independent NED of The Foschini Group, a listed multi-brand international retailing group and Chair of Optalitix Limited, an Insurtech SaaS provider.

Harley Kagan

Chief Executive Officer

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Harley Kagan
Harley Kagan

Harley Kagan is the Chief Executive Officer of United Trust Bank Limited and a chartered accountant. He has held a number of key roles at UTB including Chief Commercial Officer and Chief Financial Officer. He has worked extensively in banking and corporate finance, concentrating on acquisitions and disposals and was the Finance Director of the UK Operations of Insinger de Beaufort. He also worked as a strategy consultant with Cap Gemini.

Jonathan Ayres

Executive Director

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Jonathan Ayres
Jonathan Ayres

Jonathan Ayres is the Chief Financial Officer of United Trust Bank Limited, a position he previously held at C. Hoare & Co. and Ecofin. He qualified as a chartered accountant with Price Waterhouse where he specialised in banks and fund managers before becoming an equity analyst at Goldman Sachs. He studied Computer Science at Cambridge University. He is the Chair of UK Finance’s Specialist Banks Working Group and a member of their Prudential Reporting and Tax Committee.

Mark Stokes

Executive Officer

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Mark Stokes
Mark Stokes

Mark Stokes is the Chief Commercial Officer of United Trust Bank Limited. He has over 20 years’ experience at executive committee level and has a broad knowledge of commercial banking including property and asset finance lending into commercial, SME and consumer markets. Before joining UTB, Mark was Managing Director of Commercial Banking at Metro Bank and has held other senior roles at established and challenger banks including RBS, Lloyds Bank Plc and Chartered Trust.

Alice Altemaire

Non-Executive Director

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Alice Altemaire
Alice Altemaire

Alice Altemaire is Global Head for Food & Agriculture at DLL Group, subsidiary of Rabobank and world leading vendor finance partner. Previously, she had been Chief Executive Officer for RCI Bank UK since 2019, the banking arm of Groupe Renault providing savings and motor finance lending to UK customers, and held global responsibilities in Paris, as Group Controller, Vice President (“VP”) of Accounting and Performance Control, VP of Mobility Services and Innovation. Alice has an MBA from ESSEC Business School and a governance certificate from IFA Science Po education.

Richard Doe

Non-Executive Director

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Richard Doe
Richard Doe

Richard Doe has over 40 years’ experience in retail banking. He has a marketing and business strategy background and has been involved in creating, growing and transforming several successful businesses. He was previously CEO of ING Direct in the UK, Managing Director of Paragon Bank, and most recently a Non-Executive Director and then CEO of Harpenden Building Society. He is a Chartered Banker and Fellow of the Chartered Institute of Marketing.   

Bryce Glover

Non-Executive Director

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Bryce Glover
Bryce Glover

Bryce Glover is currently Chair of the Board Risk committees at Newcastle Building Society and PRIMIS, one of the UK’s largest financial services networks. The majority of his career has focused on commercial and corporate banking, and he is the co-founder of Recognise Bank, a UK SME and specialist property lender. He has also been the Managing Director of Commercial Banking at Alliance & Leicester / Santander before joining the Nationwide Building Society in 2009 and taking responsibility for their Commercial Division. He has a law degree from the University of Liverpool.

Maria Harris

Non-Executive Director

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Maria Harris
Maria Harris

Maria Harris is the former Director of Intermediary Lending at Atom bank and is now a consultant specialising in digital transformation of the banking and property sector. Maria is a well-known and highly respected figure in the mortgage industry and was responsible for creating and launching Atom bank’s disruptive and award winning retail mortgages proposition. She chairs the Open Property Data Association, a trade body working with government and industry to improve the homebuying process. She is a member of the Chartered Management Institute and holds supporting roles with GenH and Digital Cat.

Andrew Herd

Non-Executive Director

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Andrew Herd
Andrew Herd

Andrew Herd is the Managing Director of Lancashire Court Capital Limited, a London-based investment and consultancy business. He is Non-Executive Chair of VGC Developments Limited a UK leisure and gaming operator and a Non-Executive Director of Nexus Group Holdings Limited, a property and publishing group, and Artemis Bidco Limited, the holding company for a private equity owned, holiday resorts business.   He is a Chartered Accountant and worked as a merchant banker for many years. He was Managing Director and Head of Financial Institutions at SG Hambros and held senior roles with Paribas Capital Markets and Morgan Grenfell.

Sarah Laessig

Non-Executive Director

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Sarah Laessig
Sarah Laessig

Sarah Laessig is the Senior Independent Director of National Employment Savings Trust (NEST) Corporation, a non-executive director of JP Morgan Global Growth & Income Investment Trust Plc, and a non-executive board member of Local Pensions Partnership Investments. Sarah was formerly a Commissioner on the Civil Service Commission, an independent regulator that oversees appointments to the Civil Service. Sarah’s executive career at Citigroup included managing businesses in the Corporate and Investment Bank division across the EMEA region. Sarah holds an MBA in strategic management from the Wharton School of the University of Pennsylvania.

Andrew Woosey

Non-Executive Director

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Andrew Woosey
Andrew Woosey

Andrew Woosey is an experienced board member and trustee with significant experience in financial services. He is currently a non-executive director of AIB Group (UK) plc, a Trustee and Committee Chair on the board of the Centre for Economic Policy Research and Chair on the board of Tom’s Trust. Andrew is a Senior Advisor and Committee Chair for a number of Bain Capital LLP’s portfolio companies. Andrew was previously a partner at Ernst and Young, is a qualified Chartered Accountant and graduated from Cambridge University.