United Trust Bank appoints Mark Stokes as chief commercial officer

Mark Stokes (pictured) has joined United Trust Bank (UTB) in the newly created role of chief commercial officer.

Stokeswas formerly managing director of commercial banking at Metro Bank and has over 20 years' experience at executive committee level, working with banks such as RBS, Black Horse and Chartered Trust.

Under Stokes' leadership, Metro Bank's commercial business balance sheet reportedly grew from £1.2bn to £3.5bn between 2016 and 2020.

Stokes will report to Harley Kagan, group managing director of UTB.

His key responsibilities will include developing and managing UTB's lending teams, commercial strategy and proposition and exploring opportunities for UTB to enter and develop new markets.

Stokes said: “United Trust Bank is at an exciting stage of its development.

"It is a progressive and successful specialist bank with a demonstrated history of developing new markets and products, a vibrant culture and a focus on effective delivery and profitability.

"I’ve been really impressed by the people I have met and look forward to joining the team and helping to take the business to the next stage.”

Kagan added:“Mark has an excellent track record of developing and delivering successful growth strategies in the SME and specialist finance sectors.

"We are very pleased that he has joined the Bank and his many years of experience in commercial banking, including property and asset finance lending, will further strengthen UTB’s executive team in the Bank’s next exciting phase of growth.

“We have come through a period of unprecedented change as an even stronger business.

"We have proven our resilience, dependability and demonstrable commitment to supporting our customers and broker partners through the most difficult economic challenges.

"Mark will be building on UTB’s success, helping us to maintain our growth trajectory and ensuring we remain one of the UK’s leading specialist lenders.”