United Trust Bank has hired Paul De Croos in the role of head of originations – property development.

De Croos joins UTB from the Bank of London and the Middle East (BLME) where he was most recently head of real estate finance. Prior to this he spent 15 years working at RBS in several senior roles.

He takes over the role at UTB from Adam Bovingdon, who was recently appointed head of property development following Noel Meredith’s retirement in March.

De Croos will be responsible for managing the lender’s team of 23 property development directors and managers and will work closely with director – business development and marketing Paul Turton, Director. He will report to Bovingdon.

De Croos says: “I’m looking forward to getting to know the other members of the team and ensuring we continue to build on their success of 2020 both this year and beyond.”

Bovingdon says: “Paul joins us at a very exciting time for the Bank’s Property Development team and I’m sure his experience will enable us to maintain our growth and deliver the Bank’s plans for the future.”