Commercial finance provider and NACFB
patron United Trust Bank has announced growth intentions in Asset
Finance, spearheaded by the recruitment of Former IBJ Leasing sales
director Martin Nixon.
While he joined UTB last July as senior
manager for asset finance, he has spent the last eight months
building a broker base for the lender, and now plans to lead an
introducer-driven expansion drive for the department.
Nixon, who left IBJ after owner the
Industrial Bank of Japan closed the book to new business in July
2010, brings specialist experience in wheeled and tracked assets to
UTB, not to mention an extensive list of broker contacts.
UTB had a small agricultural asset finance
business, run as a joint venture with a broker, but will now look
to branch out and finance a range of wheeled and tracked assets in
the £10,000 – £500,000 ticket bracket, through hire purchase and
finance lease products.
More information on new entrant UTB can
be found in a full report in April’s edition of Leasing