Unity Trust Bank appoints Colin Fyfe as new CEO
Unity Trust Bank (UTB), the UK’s first trade union-owned bank, has announced the appointment of Colin Fyfe as its new chief executive officer (CEO).
Colin Fyfe appointed CEO of Unity Trust Bank
Founded in 1984, the Birmingham-based bank characterises itself as a specialist provider of financial services for charities, trade unions, and other UK not-for-profit organisations.
Fyfe brings over four decades of banking sector expertise to the firm and succeeds Deborah Hazell, who resigned from her role as CEO at the end of last year.
He joins UTB from Hinckley & Rugby Building Society, where he was CEO for over five years. The Leicestershire and Warwickshire-based building society has already named his successor, Barry Carter.
Speaking on his appointment, Fyfe describes the bank’s ambition and social objectives as “compelling”.
“Personal service and relationship banking combined with community good is a great proposition for all SMEs and socially-conscious organisations,” he says.
Chairman of UTB, Alan Hughes, comments that Fyfe “joins Unity with a strong record of innovation, transformation, and growth”, anticipating that the bank’s new CEO will “be a driving force for the next stage of Unity’s progress”.
The bank claims it has “grown over four-fold” since it secured its independence from the Co-op Bank in 2015.
