Butterfield Bank has announced the appointment of Daniel Frumkin as executive vice-president and chief risk officer.Mr Frumkin is a career banker with a depth of experience in risk management, credit and retail banking. He joins Butterfield after 21 years with member companies of the Royal Bank of Scotland Group (RBS) in the US and UK.During his tenure with RBS, he was managing director of the UK Retail Products Group with responsibility for the profitability of 2,200 branches and more than 14 million customers. Prior to that, he was chief risk officer, retail banking, leading a team of 1,250 risk professionals covering credit, regulatory/compliance and operational risk for the UK's largest retail financial services business.His previous experience also includes the post of head of transition risk at Northern Rock in the UK, overseeing the restructuring of that bank under public ownership, and JSC Parex banka where he was chief restructuring officer, responsible for the reorganisation of the recently nationalised Latvian bank.At Butterfield, Mr Frumkin will have overall responsibility for the group's enterprise risk management framework and functions that identify, quantify, monitor and control the bank's credit, operational, compliance and market risks.Bradford Kopp, Butterfield Bank's president and CEO, said: “Dan has a well deserved reputation for leadership and expertise in financial services risk management. This is evidenced by the decisions of the UK and Latvian governments recently to entrust him with the formidable tasks of restructuring nationalised banks in those countries. We are fortunate to have him join Butterfield Group, where we will draw upon his extensive experience to ensure that we continue to develop and employ best practices in the management of our credit, operational and market risks. I'm pleased to have him on the team.”Mr Frumkin and his family have relocated to Bermuda.