Klara Hanrahan and Kevin Bristow will be responsible for developing new broker relationships in the South of England as well as managing UTB’s existing broker relationships.

Klara previously worked at Paragon Bank for nine years, where she provided asset finance and refinancing funding solutions to SMEs.

With 35 years of experience in asset finance, Kevin joins from transport-focused lease brokerage LHE Finance Ltd, where he spent 12 years.

These additions are part of a wider effort to expand UTB’s capabilities by increasing the range of assets on which it will lend.

These include wheeled and tracked vehicles such as construction and agricultural plant, buses and coaches, performance cars, classic cars, technology and a variety of manufacturing and engineering equipment.

Keith Sangwin, head of sales in asset finance at UTB, said: “I’m delighted to welcome Klara and Kevin to the UTB team.

“United Trust Bank’s asset finance business has grown considerably in the last few years and we have ambitious plans to develop our broker network across the UK.

“We are also continuing to widen the range of assets we’ll fund and refinance, and increase our business volumes further.

“However, we will never lose sight of the fact that our reputation is built on our exemplary broker service.

“As we grow, we will ensure that we have the right people in the team to guarantee the high levels of service brokers and their clients deserve.”