UTB hires Richard Murley as chairman to ‘appear on bigger stage’

Ryan Bembridge

September 5, 2016

United Trust Bank has appointed Richard Murley (pictured) as its new chairman to help the bank ‘appear on a bigger stage’.

Murley replaced Nicholas Clegg CBE who retired after 15 years in the role.

Murley was chairman of the University College London Hospitals Foundation Trust, a complex NHS trust comprised of six hospitals with a combined turnover of £934m and with over 8000 staff.

He started work at law firm Linklaters & Paines before moving into investment banking with Kleinwort Benson, where he spent eight years as director, and Goldman Sachs, where he moved into mergers and acquisitions, before becoming executive vice chairman of NM Rothschild & Son.

He is also a trustee of Crisis, the national charity for single homeless people.

Murley spoke of wanting to move the bank into the next stage of its development.

He said: “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.”

He added: “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.”

Graham Davin, chief executive 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.”

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