United Trust Bank (UTB) has appointed Niki Cole to the role of business development manager – deposits.

UTB launched its Deposit Solutions service in 2023 to provide a relationship based service that helps finance departments, business heads and high net worth individuals maximise the return on their funds whilst meeting their liquidity needs.

Cole (pictured) has worked in the banking industry for around 30 years, supporting a variety of corporate roles including relationship support manager at Barclays where she was responsible for the portfolio management and overall relationship of key account professional clients with £50m+ turnover.

She joins UTB from Santander where she has held several senior roles including head of charities & not for profit and deposit desk manager. Whilst at Santander Cole worked with charities, education providers and Local Authorities where she liaised with finance teams across the sector.

Cole is working closely with Stephanie Charsley, head of UTB’s Deposit Solutions service, to develop the bank’s offering amongst businesses, charity & not for profit organisations and to manage key relationships.

Charsley said: “We have had a very positive response to Deposits Solutions since launching the service in 2023 and I am delighted that Niki has joined UTB to help us offer this bespoke savings management service to even more customers.

“Niki’s extensive experience and knowledge of the corporate savings industry will be hugely valuable as we look to develop our offering, increase awareness of UTB Deposit Solutions and drive greater inflows of new deposits from businesses, charities and education providers.”