Mote was previously head of specialist asset finance at Metro Bank.
He will report directly to Nathan Mollett and will work closely with the sales team supporting the BDMs in securing higher value transactions as well as developing direct relationships with brokers originating in that space.
UTB has ambitious plans to grow its asset finance business and sees increasing its mid-ticket transaction volumes as a key part of the strategy for 2021.
Nathan Mollett, head of asset finance at UTB, said: “We see larger transactions as a key growth area for UTB’s Asset Finance business over the next few years and Jon Mote’s experience in securing and structuring mid-ticket deals will be invaluable as we build our presence and develop our offering in that space.
“In addition, his knowledge and contacts in high-end vehicle finance will enable us to further develop our existing proposition for prestige, high performance and classic cars and win even more business.
“I know Jon very well and he is an excellent addition to UTB’s already strong Asset Finance team.
“Having him on board will help us to deliver against some ambitious growth targets and continue to provide an excellent service to our existing and new broker partners.”
Mote added: “UTB are aiming to grow their asset finance business significantly over the next few years and I’m excited to be part of the team which will deliver that vision.
“The mid-ticket sector is competitive but in my experience there’s an opportunity for UTB to go in with a strong service offering providing direct access to credit, quick decisions and efficient, reliable completions.
“As well as having strong leadership and ambitious plans, UTB places a huge amount of importance on providing excellent broker and customer service and encouraging a collaborative and supportive workplace culture.
“That combined with investment in talented people and innovative technology makes them a business I’m very much looking forward to being part of.”
