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Margaret Willis is appointed as the new CEO of Unity Trust Bank

Press Releases Published: August 4, 2015 3:17 pm

Unity Trust Bank (“Unity” or “the Bank”), brings a fresh approach to banking and an ethical alternative.  Unity is pleased to announce the appointment of Margaret Willis as Chief Executive Officer. Margaret joined Unity on 1st June 2015 and succeeded Richard Wilcox, who retired as CEO.

Margaret joins from HSBC, where she was European Head of Wealth Management, HSBC Europe, from 2012. She has 37 years’ experience in financial services. Her previous appointments within HSBC include Country Head of Retail Banking and Wealth Management, HSBC Canada. Prior to that, Margaret was Divisional Director, Personal Financial Services, HSBC UK. She was also Executive Vice-President & Regional President, HSBC New York. Margaret began her career in 1978 at Midland Bank, now part of HSBC.

Margaret’s appointment and the recent appointment of Alan Hughes as Chairman, signifies new leadership at the Bank. They share Unity’s vision to maximise support for organisations that provide community, social and environmental value. Margaret has committed to develop further Unity’s social impact, whilst ensuring sustainable returns for the business. Unity can achieve this through the expansion of its services and lending capabilities.

Alan Hughes, Chairman, said:

“I am delighted that Margaret has taken up leadership at Unity, ensuring the Bank continues to deliver on its founding principles to support social enterprise.  Her years of banking and leadership experience will be invaluable in taking Unity to its new phase of growth and development. We very much welcome Margaret to the business.

“On behalf of the Board, I offer my thanks to Richard Wilcox for his contribution to Unity.  Richard has made Unity financially stable with strong liquidity, laying the foundations for Unity’s growth plans. We wish him the very best in his retirement.”

Margaret Willis said:

“I am delighted to join Unity as its new Chief Executive during this exciting period. Unity’s priority is to support organisations in achieving their goals for positive social, economic and environmental impact.  I want to build on this and ensure that Unity continues to develop ethically and sustainably, putting customers at the heart of everything we do and ensuring Unity plays its part in raising standards within the banking industry.  I believe this is an exciting opportunity to grow the business while retaining the strong spirit and ethos which exists within the bank today. I very much look forward to working with the team and taking the business forward.”

———ENDS——–

Notes to editors

Unity Trust Bank was founded in 1984. Unity is a bank for organisations and businesses that create social, community or environmental benefits in a way that is financially sustainable. The Bank seeks to put social change at the heart of everything it does and provides tailored day-to-day banking and finance to charities, social enterprises, co-operatives, CICs, voluntary and community organisations, trade unions, councils, housing associations and more. Over 20,000 organisations bank with Unity. In 2014, the Bank made 57 loans totalling £29.9 million. The Bank’s lending helped to create and protect 3,423 jobs in the UK.

Unity Trust Bank is a Living Wage accredited employer. The first bank to be so, this illustrates Unity’s commitment to its employees. It also holds the Fair Tax Mark in recognition of its fair and transparent accounting approach.

For more information, visit: www.unity.co.uk

For further information, please contact Unity Trust Bank’s PR consultants:

Pendomer

Ben Foster

020 3603 5220

ben.foster@pendomer.com


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