UK-based United Trust Bank (UTB) has begun the hunt for a new head of sales in its asset finance division, following Keith Sangwin’s decision to retire at the end of August 2021.

Sangwin, who joined UTB in 2015, has become one of the most respected figures in the UK Asset Finance sector, following a successful 40-year career.

At UTB, Sanguin helped to develop the firm’s asset finance sales team, establishing the banks asset finance offering in the process. He also developed a series of successful relationships with some of UTB’s key brokers.

Before joining UTB, Sanguin worked at Barclays Asset Finance as a sales director, where he also established the firm’s asset line offering, bringing in £250m of annual volume within four years.

During this time, he also established Barclays’ broker division before holding sales director roles at both BNP and Aldermore.

Looking back on his career, Sangwin commented: I entered the industry at the age of 21 attracted by a company car and the chance to see if I could sell for a living. Thankfully, things worked out and here we are over 40 years later.

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“I feel privileged to have had such an interesting and varied career in Asset Finance, primarily focused on customers and sales. I have worked with lots of amazing people, many of whom will remain friends after I leave the industry.

Across his career, Sangwin acknowledges how much the asset finance industry has adapted to the changing economic and legislative landscape. According to Sanguin, the industry has always come out stronger, “a clear testament to the people who work within it”.

Departing UTB, Sangwin leaves “some very large shoes to fill” said Nathan Mollett, head of asset finance at UTB.

Praising Sangwin’s contributions to the firm and industry, Mollett continued: “Keith has had an incredible career in Asset Finance and is held in very high regard throughout the industry.

“It’s not often that you get the opportunity to work with someone as experienced as Keith and it’s been a privilege to work with him and learn from him in the short time we’ve been colleagues at UTB.

Harley Kagan, chief executive of UTB, concluded: “I’m delighted he chose to spend the last years of his outstanding career with UTB. We’re a better Asset Finance business for it. On behalf of the Bank, we wish him a healthy and happy retirement.”