Richard Doe

Richard Doe joins United Trust Bank as non-executive director

Richard Doe, former managing director at Paragon Banking Group plc and ex-chief executive officer of Harpenden Building Society, has been appointed as a non-executive director on the board of United Trust Bank (UTB).

With a banking career spanning over forty years, Doe has a track record of steering companies through significant growth and transformation.

During his tenure at ING Direct, Doe ascended through key roles to become CEO, where he managed the direct business in the UK.

His leadership at Paragon Bank from 2013 saw the bank achieve regulatory authorisation, rapidly growing its commercial loan book to £1.5bn and its deposit book to over £6bn within five years.

Following his role at Paragon, Doe took on a leadership challenge at Harpenden Building Society, initially joining as a non-executive director and subsequently serving as CEO, where he led a significant transformation program focused on sustainable growth and culture improvement. He stepped down from this role in April 2024.

Harley Kagan, chief executive officer of United Trust Bank, commented on the appointment, stating: “Richard has a wealth of experience of running, transforming, and growing successful specialist lenders and his record of delivering high growth across commercial lending, residential mortgages, and deposits speaks for itself.”

“Richard’s strong customer and marketing focus combined with astute commercial management is an excellent fit with UTB’s values. His deep understanding of the UK financial services market and market drivers will be extremely helpful as UTB continues to grow and increase its presence and awareness in the specialist banking sector. I am delighted Richard has accepted our invitation to join our board of directors and I welcome him to the United Trust Bank team.”

Doe added: “I am delighted to be joining UTB and to have the opportunity to work with such a high calibre board and management team. The Bank has delivered excellent results in recent years and has enormous potential for further growth in specialist lending markets.”