United Trust Bank (UTB) has appointed Alex Tyrwhitt to the newly created role of director of structured property solutions.
He will lead UTB’s structured property finance and strategic partnership teams as part of the lender’s aim to continue developing its real estate finance offering.
He has worked in the sector for nearly 20 years and is a chartered surveyor and a former Royal Institution of Chartered Surveyors (RICS) registered valuer. Tyrwhitt has previously worked at Lambert Smith Hampton, GE Capital and HSBC. Before he joined UTB, he was at Octane Capital for eight years as its director of structured finance.
In his new role, Tyrwhitt will report to Mark Stokes, chief commercial officer at UTB, and work alongside Gerard Morgan Jackson, founder and sales director, and Ben Peters, head of strategic partnerships, and lead the structured property solutions team.
The division will work on high-value cases of £1m and more, including complex bridging, investment and property refurbishment across the residential and commercial sectors in England and Wales.
Tyrwhitt (pictured) said: “I am excited to join UTB and have the opportunity to work with a talented and knowledgeable team in further developing the bank’s structured property solutions and delivering the next phase of UTB’s growth strategy in the sector.
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“UTB has established an excellent reputation for providing competitive, bespoke facilities quickly and with outstanding broker and customer service, and we will be aiming to build on that success as we develop our activities and reach.”
Stokes added: “The structured property finance team has achieved rapid growth in the last five years, and we see considerable opportunity for the bank to be an even more significant participant in the sector. Alex’s broad experience and track record make him the ideal person to lead the enlarged division to even greater success.”
Last month, UTB Mortgages announced it had exceeded £2bn in total mortgage lending since its launch.