United Trust Bank (UTB) has appointed Nathan Mollett as its new head of asset finance.

He will take up his new position at UTB later this year.

Mollett (pictured) joins UTB from Metro Bank where he was director of its asset finance division since 2015. He has over 20 years’ experience in the industry. After spending 15 years with Wesleyan Bank as sales director, he moved to Metro Bank five years ago.

He is also a Board director of The Leasing Foundation, a not-for-profit organisation that supports the business finance sector through innovation, the development of young people, and diversity and inclusion.

Harley Kagan, group managing director at United Trust Bank, said: “Nathan has an exceptional track record in the asset finance industry and his success in growing Metro Bank’s asset finance business is testament to his experience, business acumen and leadership skills.

“We are aiming to grow UTB’s asset finance lending considerably over the next few years and his knowledge and strong industry relationships will be hugely beneficial to the bank in helping us to meet the challenges ahead. I look forward to welcoming Nathan to the bank later this year.”

Mollett added: “I am delighted to be joining United Trust Bank. I have been impressed by both their passion for customer service and commitment to the broker market.

“In asset finance they have a business with strong foundations, a great reputation with brokers and real potential to win a larger share of the market. I am excited about the opportunity and can’t wait to get started.”