Martin Nixon, Head of Asset Finance at UTB told Asset Finance International that Munday has a deep knowledge and understanding of the broker market and will be an integral part of UTB’s credit team.

He said: “He will be liaising on a daily basis with broker partners to ensure that the increasing numbers of asset finance proposals received by the Bank are considered quickly and efficiently.”

Nixon added: “Our asset finance business has seen considerable growth over the last few years and the levels of enquiries and proposals continue to increase. We expect to significantly increase our lending again this year. Alan’s vast experience of the industry and the broker market will enable us to continue to provide our broker partners with the levels of service they’ve come to expect from us whilst we develop and expand our product base and attract new broker business from around the UK.”

The last 24 months has seen significant growth in asset finance at UTB. The Bank has also recently appointed Kevin Flowerday to launch a new Professional Lending product.

Flowerday joined with over 15 years’ of experience in the Professional Lending sector, most recently as head of sales at technology leasing and professional lending specialist Syscap. At UTB he is tasked with developing the company’s finance to professionals such as solicitors, accountants, architects, surveyors and the medical profession.  

The company has also recently begun offering finance for a range of assets in the Engineering sector. UTB has acquired significant expertise in this sector following the appointment last year of Richard Bristow who joined from Hitachi Capital Business Finance.

Nixon added: “This year we are on target to nearly double our new business levels compared to 2013. These further expansions of the asset finance team once again highlight our commitment to the sector, our confidence in the growing demand for asset finance and our ambition to develop our market share.”