The former managing director of the NACFB has joined Fiducia Commercial Network.

Matt will support SMEs in Essex and the surrounding areas.

Nearly half (47%) of brokers report heightened SME recession fears, up 12 points in the last quarter.

The cashflow loan sits alongside an invoice finance or structured finance facility.

The new team members will support SMEs with tailored working capital solutions.

UTB aims to establish a local presence, building new relationships with brokers serving SMEs operating in a wide range of sectors.

Fiduciam will utilise the additional capacity to continue funding projects across the UK.

The newly created role of deputy managing director of SME lending will see Phil Hughes assist in delivering the division’s strategic objectives

The bank has hired a head of asset finance sales and two area directors.

Jess has held business development manager roles at Lombard Asset Finance, Crystal Business Finance and Lease UK.