United Trust Bank (UTB) has appointed Alan Munday to the post of credit manager within its asset finance business.

Joining UTB from Hitachi Capital UK, Munday brings three decades of experience in asset finance to the role.

He has occupied several senior credit and collection roles, working with a number of funders including the Bank of Scotland Group and GE Capital.

UTB claim Munday’s understanding of the broker market will help him fulfill his current role, as he will liaise with broker partners to ensure asset finance proposals received by the Bank are considered quickly and efficiently.

Martin Nixon, head of asset finance at United Trust Bank, said: "Our asset finance business has seen considerable growth over the last few years and the levels of enquiries and proposals continue to increase."

He added the bank expects to "significantly increase" lending this year, and said: "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."

Munday’s selection follows the appointment of Kevin Flowerday as part of UTB’s launch of a new professional lending product.

"This further expansion of the asset finance team once again highlights our commitment to the sector, our confidence in the growing demand for asset finance and our ambition to develop our market share," added Nixon.