UTB appoints new BDM for Deposit Solutions service

United Trust Bank has enhanced its Deposit Solutions service by appointing Francis Ellis to the role of business development manager.

The Deposit Solutions team provides a relationship-based service that helps finance departments, business heads, bursars and high net worth individuals maximise the return on their funds whilst meeting their liquidity needs.

The team collaborates with a range of organisations from SMEs, charities to schools and colleges all with varied capital requirements, tailoring products to meet individual objectives. 

Whilst many personal savings products have a maximum £1m deposit, UTB’s Deposit Solutions team can offer products to individual customers which exceed that limit.

Francis Ellis is skilled in personal and business banking and has nearly 20 years’ experience in financial services sales and business development working with providers including Skipton Building Society and, most recently, Bank of America. 

Stephanie Charsley, savings distribution manager at United Trust Bank, commented: “The very positive response to Deposit Solutions since its launch in 2023 has shown there’s a real demand for a bespoke savings management service designed to cater for a diverse range of organisations as well as individuals who have built up substantial savings pots. 

“Francis has an exceptional track record for building successful relationships with new business introducers and deposit customers. His experience and skills will help us to build upon a busy first year for the team by continuing to develop our offering, increase awareness of UTB Deposit Solutions and attract new customers from the business, charity and education sectors as well as more high net worth individuals.”