The pair will lead newly formed deal origination teams in their respective regions to drive growth across all areas of the bank’s Real Estate Finance business.

Young joined STB REF’s London office in 2017, and in June was promoted to senior relationship director, with a particular focus on the affordable and student housing sectors.

Daly joined the bank’s Reading office in 2019 as a relationship director to increase origination of residential investment and development loans across the region.

Secure Trust Bank’s Real Estate Finance team provides lending facilities of £1m to £45m to residential and commercial property developers and investors, from SME housebuilders to UK-based funds.

Geoff Ray, managing director of STB REF, said: “Despite the challenges faced over the past 18 months, the Real Estate Finance team recorded a strong financial performance, seeing revenues increase by 10.4% to £54m and, for the first time in its history, its balance sheet exceeded £1bn, with year-on-year growth of 9.3%.

“Our focus in 2022 will be to build on this further and the appointment of Matthew and Chris to lead our deal origination teams in London and the South East, and Midlands and South, will help achieve this.”