United Trust Bank (UTB) has made two new appointments in its asset finance credit team. Gavin Mancey has joined as an underwriter and Daniel Idowu has been promoted to underwriter having started in UTB’s asset finance operations team in 2018.
Earlier this year UTB announced its intention to attract larger deals of up to £2m and grow its higher value car business. The move was very well received by the broker market with business volumes increasing substantially and the bank has subsequently developed its asset finance sales, operations and credit teams to ensure it can meet increasing demand and maintain its high levels of personal broker service.
UTB has always encouraged brokers to take advantage of having direct access to its underwriters and credit partners and has recruited high quality, experienced individuals to its asset finance credit team as well as promoting talent from within the division. Earlier this year Oliver Hobday joined UTB’s established credit team from Hampshire Trust.
Mancey has nearly 20 years’ experience in asset finance credit and risk analysis roles. He has joined UTB from Hitachi Capital where for the last six years he was senior credit analyst considering proposals for a wide variety of assets and with a substantial personal mandate. Prior to joining Hitachi Capital, he was a senior underwriter at Banque PSA Finance.
Idowu joined UTB’s operations team in 2018 having completed his Masters in Business & Management. The continued growth of the Bank’s asset finance business has given Idowu the opportunity to develop his knowledge of the credit side of the industry.
Both will report to the head of the credit team, senior underwriter – asset finance, Peter Price, who said: “Gavin is exactly the sort of underwriter we like at UTB. He enjoys talking directly to brokers, working with them on proposals and helping them to get quick decisions for their customers. What’s more, he is already well known to many of the brokers we regularly deal with and has worked alongside fellow underwriter Giles Hussey when they were both at Hitachi. He’s an excellent addition to the team and will play a key role in helping us achieve our exciting but challenging growth ambitions.
“Daniel has learned a lot about the asset finance business in the Operations team and I’m delighted to have this opportunity to promote him to a new position in credit where he’ll be able to build on his knowledge and further develop his skills. He won’t find a better team of credit professionals to work with and learn from.”