Published: July 6, 2018
Unity Trust Bank are very sorry to hear of the death of Terry Thomas, Lord Thomas of Macclesfield.
Terry was appointed in 1983 as the founding Managing Director of Unity Trust Bank and remained on the Board until 1995. He will be remembered for his close relationship with trade unions and introducing the Employee Share Ownership plan in the UK.
Born in 1937 in Carmarthen to Emrys and Mildred Thomas, Terry worked his way in banking, joining The Co operative Bank in 1973 as marketing manager.
His first great impression on the finance industry was in 1974 when he introduced interest-bearing current accounts coupled with free banking.
We would like to pass on our deepest condolences to Terry’s family. A truly sad loss of a renowned entrepreneurial spirit.