British specialist bank – United Trust Bank (UTB) – has announced the appointment of Oliver Hobday as a new underwriter in its asset finance credit team.

Hobday will be working closely with UTB’s key broker partners in a bid to offer higher value facilities of up to £2m.

Previously head of flow credit at Hampshire Trust Bank, Hobday has held roles in credit teams at numerous firms, such as BNP Paribas and BMW Financial Services, and across several industries, including construction, agriculture, and manufacturing machinery.

Nathan Mollet, head of asset finance at UTB, said: “2021 is going to be an exciting year for UTB’s asset finance business and Oliver’s experience will be invaluable in helping us to deliver against some ambitious growth plans.”

According to a statement from the firm, UTB has long encouraged brokers to capitalise on the direct access to the firm’s high-quality asset finance credit team, alongside the underwriters and credit partners.

Mollet, who recently left Metro Bank to join UTB, continued: “Giving brokers direct access to underwriters is one of UTB’s unique selling points so having someone join who is already well known to a lot of brokers is a distinct advantage.

“Oliver will also be supporting our plan to offer larger facilities up to £2m and he will be working closely with some of our key broker partners to provide these substantial transactions more frequently.”

Describing the opportunity as “too good to pass up”, Hobday said: “UTB has an excellent reputation for delivering outstanding broker service, building long term relationships, and supporting brokers through thick and thin. The Bank has some challenging targets for 2021 and I’m confident that I can make a significant contribution to their success.

Hobday concluded: “Direct contact with brokers is one part of the job I really enjoy, and I’m looking forward to reconnecting with my numerous broker colleagues, establishing new contacts through UTB and getting the ball rolling with some larger deals.”