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Upton is currently commercial director of specialist mortgages.
The move stems from David Alcock, managing director of development finance at HTB, deciding to bring in another senior executive to help him manage the division as his deputy.
Alcock said: “Alex Upton has made an important contribution to the successful development of the specialist mortgages division which, under the able leadership of Charles McDowell, is now the largest single business within HTB.
“Alex’s skills and capability will be invaluable in helping me to manage and channel the structural growth we are driving in our development finance portfolio.”
Upton added: “I’m keen to broaden my experience and this is an exciting opportunity to help David scale up his business.