United Trust Bank (UTB) Asset Finance will expand in Scotland with the appointment of a business development manager (BDM) based in the region.
The bank already has relationships with select brokers primarily catering to small and medium-sized enterprises (SMEs) around the Scottish borders and North of England, but plans to make the most of growth opportunities in Scotland.
UTB aims to form new relationships with brokers helping SMEs across various sectors.
Nathan Mollett (pictured), head of asset finance at United Trust Bank, said: “Although Scotland has its own significant economy, with Edinburgh the UK’s second largest financial hub after London, the asset finance market in Scotland remains heavily underserved.”
Mollett added: “Scotland’s diverse economy presents a significant opportunity for UTB, with well-established industries such as agriculture, construction, and logistics forming the backbone of the market.
“These capital-intensive sectors, combined with a strong SME presence, create substantial demand for asset finance solutions to support growth and development.
“By establishing a local presence with ‘boots on the ground’ possessing a deep understanding of the Scottish economy, we aim to build close relationships with brokers in the area and provide flexible asset finance solutions supported by commercial underwriting expertise and direct access to decision makers.”
