Alan Margolis leaves United Trust Bank

Alan Margolis leaves United Trust Bank

Alan Margolis has left United Trust Bank (UTB) after heading up the bridging team for over six years.

Alan joined the bank in 2010 following his position as chief executive officer at bridging lender Cheval Property Finance.  

Alan, who is also a qualified solicitor, was in charge of leading the award-winning, short-term lending team, delivering both regulated and unregulated loans.

Alan Margolis, former head of bridging at United Trust Bank

He was also the former director of industry trade body the Association of Short Term Lenders.

Commenting on his departure, Alan exclusively told Bridging & Commercial that he wanted to explore something new.

“After six and a half very fulfilling years at UTB, I felt the time was right to try something new and to take some time to explore my options. 

“I’m immensely proud of what I and my team have created at UTB; an award-winning, undoubted leading player in the bridging sector known for our commitment to customer service and meaningful relationships with our broker partners.

“I wish United Trust Bank, and the bridging department in particular, the very best for the future.” 

The latest news follows a number of key changes to the challenger bank’s team, including the appointment of Richard Murley as chairman, after Nicholas Clegg retired after 15 years in the position.

In September, UTB promoted Robert Owen to managing director of mortgages and bridging after launching its specialist mortgage division last year.

Ex-Nemo director Jo Edwards also recently joined the bank as business development director for mortgages and bridging, working alongside commercial directors Buster Tolfree and Gavin Diamond.

Harley Kagan, group managing director of UTB, wished Alan all the best for the future and outlined the lender's plans for its bridging team.

"UTB’s bridging business is a now a mature operation with a well-established team, market position and a wide range of products.

"We continue to develop new products, invest in our people and are committed to providing brokers and customers with an unrivalled service.”


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