United Trust Bank has appointed Alan Munday as a credit manager as it continues to develop its asset finance business.

Munday (pictured) joins United Trust Bank from Hitachi Capital UK and brings three decades of experience in the asset finance industry. He is MCIM qualified and has worked with a number of funders in senior credit and collections roles including the Bank of Scotland Group and GE Capital.

Martin Nixon, head of asset finance at United Trust Bank, said: “Our asset finance business has seen considerable growth over the last few years and the levels of enquiries and proposals continue to increase. We expect to significantly increase our lending again this year.

“Alan’s vast experience of the industry and the broker market will enable us to continue to provide our broker partners with the levels of service they’ve come to expect from us whilst we develop and expand our product base and attract new broker business from around the UK.

“This further expansion of the asset finance team once again highlights our commitment to the sector, our confidence in the growing demand for asset finance and our ambition to develop our market share.”