- 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.
