Bermuda Commercial Bank on Friday announced it has appointed Dominique Smith to the position of senior vice president effective July 15.

In a release from the bank it said that the senior vice president was a new position created to oversee the day-to-day management of the bank and its subsidiaries, including business development and quality control.

Mrs. Smith will report directly to the bank's president and chief operating officer Timothy Ulrich.

"The directors anticipate positive results from Dominique's hands-on management style, technical expertise, and marketing abilities," said John Deuss, chairman and chief executive officer.

"I am certain that Dominique and her team will continue to enhance BCB's performance in the future, to the benefit of its shareholders, clients and staff."

Mrs. Smith is a chartered financial analyst and was previously with the bank from 1990 through 1998.

She was first employed by the bank as chief dealer responsible for the dealing room functions. She moved through the ranks of management and, in 1994, she was promoted to general manager of the Treasury Department.

Mrs. Smith left the Bank in 1998 to pursue a career with a charitable foundation as well as to develop a management consulting business.

In addition to Mrs. Smith's Bermuda banking experience, over the last 21years, she has worked in the fields of marketing, training and management consulting. Mrs. Smith was educated in France and the United States and completed her Bachelor of Science Degree in Business Administration at Boston University. "I am thrilled about the opportunity to re-join BCB in the newly created role of senior vice president. When I joined the bank in 1990, total assets were $423 million and the net loss for the year was $1.6 million,'' Mrs. Smith said. "When I was promoted to general manager, Treasury in 1994, total assets had dropped to $235 million whereas net income had risen to $1 million.

"At September 30, 2002, the bank had grown to a point where total assets were $583 million and net income was $5 million. I am eager to lead the BCB staff into what I expect to be the next period of growth."