Unity Trust Bank appoints Colin Fyfe as new CEO

Unity Trust Bank (UTB), the UK’s first trade union-owned bank, has appointed Colin Fyfe as its new Chief Executive Officer (CEO).
UTB, founded in 1984, specializes in providing financial services for charities, trade unions, and other UK not-for-profit organizations.
Colin Fyfe brings over four decades of banking sector expertise to UTB and succeeds Deborah Hazell, who resigned from the CEO role at the end of the previous year.
Fyfe previously served as the CEO of Hinckley & Rugby Building Society for over five years, and his successor at the building society is Barry Carter.
Fyfe expresses his excitement about UTB’s ambition and social objectives, emphasizing the combination of personal service, relationship banking, and community good.
UTB’s Chairman, Alan Hughes, anticipates Fyfe to be a driving force for the next stage of Unity’s progress, highlighting his strong record of innovation, transformation, and growth.
The bank notes that it has grown over four-fold since gaining independence from the Co-op Bank in 2015.