United Trust Bank has appointed Richard Murley as its new chairman.
His appointment follows the recent retirement of previous chairman, Nicholas Clegg, who was in the role for 15 years.
Marley has been chairman of the University College London Hospitals Foundation Trust (UCLH) since 2010. He is a qualified solicitor and has worked in the City of London for more than 30 years.
After studying law at Oxford University, he started his career at Linklaters & Paines before moving into investment banking with Kleinwort Benson. In 1998, after eight years as a director, Marley moved to Goldman Sachs where he worked in mergers and acquisitions. Between 2003 and 2005 he took up a secondment as director general of The Takeover Panel following which he joined NM Rothschild & Son where he is an executive vice chairman. He is also a trustee of Crisis, the national charity for single homeless people.
Graham Davin, chief executive officer of United Trust Bank, said: “We are all delighted that Richard has agreed to join United Trust Bank as Chairman. He arrives at a key juncture where the Bank has emerged as a rapidly developing, organic, management controlled organisation, which is transitioning into a larger business with a growing impact and influence on its markets.
“Richard brings a fresh pair of eyes, risk skills honed in the medical care sector and significant merger and acquisition experience.”
Murley added: “I am delighted to be joining the board of United Trust Bank and I’m very much looking forward to assisting Graham and the management team as they move the Bank into the next stage of its successful development.
“The Bank, its management team and the board of directors are highly regarded in the industry and I’m looking forward to getting to know them all much better over the coming weeks. One of my key considerations will be helping to continue the smooth transition from a successful but relatively small, specialist Bank to one which will increasingly appear on a bigger stage. The UK’s decision to leave the EU may also bring additional challenges, both economic and regulatory, and their extent remains to be seen.
“Ensuring that the appropriate systems and processes are in place to enable the Bank to continue its impressive growth whilst maintaining the same high standards of financial management, customer service and regulatory compliance will be high on my list of priorities.
“The previous Chairman, Nicholas Clegg CBE, has left the Bank in exceptionally good shape and I believe UTB has a bright future ahead of it. On the journey I intend to maintain the same strong values of leadership, tenacity and integrity Mr Clegg brought to the Bank and the boardroom.”