Neville Grant will be the new chief executive of the Bermuda Bankers Association, succeeding Geoff Scott who will be stepping down on July 31.

Mr Grant has more than a 30-year business career, which includes a number of senior roles with HSBC both locally and internationally.

The former CEO of Bermuda Commercial Bank, he also served as general manager of the Bermuda Economic Development Corporation.

Mr Grant sits on several boards and committees including Fortitude Re and the Centennial Bermuda Foundation’s economic participation committee.

On his new role he commented: “The BBA plays a pivotal role in outlining the full range of benefits provided by the banking sector in Bermuda. In addition, the BBA will also continue to create community awareness on key financial matters, relating to banking, along with training and development for all stakeholders.

“As we continue to see ongoing changes in the regulatory and legislative environment along with increased innovation in financial services, it remains critical that the BBA effectively manages these changes for the benefit of all Bermudians and the banking industry in general.

“I look forward to carrying on the BBA's mission to maintain resilient local banks.”

Ian Truran BBA chairman said he extended a warm welcome to Mr Grant and looked forward to seeing the BBA continue to develop and grow, “especially given Neville's specific experience as a past BBA chairman and BBA ExCo colleague.”

He also thanked the outgoing CEO Mr Scott who he said had strengthened the association and supported the banking sector during his tenure.