leave him in charge of the organisation's global operations, recruiting and information systems.

Philip Butterfield will assume the newly created post of Chief Administration Officer from June 1 this year and will report to the President and Chief Executive Officer Henry Smith.

He will be retuning from the United States, where he has been working in banking for 28 years and will head up the departments of global operations, information systems and human resources.

Mr. Smith said: "I am delighted to be welcoming Philip to Bank of Bermuda, and back to the Island. It is particularly pleasing that we have been able to find a Bermudian to fill this senior position.

"Philip has a broad base of very senior banking experience -- spanning 28 years, and we are confident that he will help to further develop these critical support divisions in the future. I have high expectations of him in this new position at the bank.'' Mr. Butterfield has given up his position as Managing Director responsible for the corporate executive segment of Citibank Private Bank in the US.

Before this he worked with North American Global Finance where he was quality director for the operations and technology division.

He has also held the position of director of human resources for the customer services division of the North American Banking Group as well as chief administration officer for Citicorp Industrial Credit.

Mr. Butterfield attended Berkeley Institute and is a graduate of New York University where he received his Bachelor of Commerce and Master of Business Administration degrees.

ACTUARIES TO FLY IN FOR TILLINGHAST ANNIVERSARY BUC Actuaries to fly in for Tillinghast anniversary Actuaries from all over the world will be flying in for the 20th anniversary of the opening of the Bermuda branch of Tillinghast.

Around 60 people will be attending the party at the Royal Bermuda Yacht Club on Friday evening for actuarial consulting firm, now called Tillinghast-Towers Perrin, which services the insurance industry.

Local President Ted Dew said: "A number of people on the island have worked for us or worked with us.

"All former presidents are due to attend.'' Greg Leonard who set up the local branch will make the trip from Connecticut, John Burville who is now chief actuary at Ace Ltd is expected, as is Doug Collins who is still at Tillinghast-Towers Perrin.

Mr. Dew added: "Out of 40 actuaries on the island, 21 have worked for us.

People have come from London and the States to join.'' The Bermuda branch, which is part of the established network of Tillinghast-Towers Perrin, started up in the BTC building in 1980.

The Tillinghast group was bought by Towers Perrin in 1986 and the Bermuda branch moved into its current offices in Reid Street next to Rock Island Coffee last year.

Mr. Dew said: "It's a get together of clients and former and current employees. We're the premier actuary consulting firm in the world.

"Worldwide we have just short of 200 qualified actuary consultants - few firms boast a similar number.

"It's a super place to work. We are looking forward to this event as an opportunity to celebrate the relationships we have built over the past 20 years in Bermuda.''