Butterfield Bank has announced the appointment of two new directors to its board following the resignation of Patrick Tannock and the death of Harry Wilken.

The new incumbents will be James Burr and Wolfgang Schoelkopf, with immediate effect from last Friday, as announced in a filing to the Bermuda Stock Exchange yesterday.

The bank has also appointed Richard Venn and John Orr as nominee directors proposed for election at the 2010 annual general meeting to be held on April 8.

Mr. Burr is a managing director providing executive leadership to Carlyle's Global Financial Services Group.

Prior to joining Carlyle, Mr. Burr was the corporate treasurer of Wachovia Corporation, the fourth largest bank in the US. He joined Wachovia in August of 1992 from Ernst and Young where he was a senior auditor focusing on financial services.

As the corporate treasurer for Wachovia, he was responsible for the overall liquidity and capital of the combined organisation; the management of the company's overall interest rate risk management; consumer pricing methodology and the management of the company's investment portfolio.

As treasurer, he oversaw the corporate development function, the company's central quantitative analytics group, the institution's credit hedging function in connection with risk management as well as several lines of business in international banking and insurance.

Prior to his experience in treasury he was the controller for Wachovia's Corporate and Investment Bank, where he spent almost 10 years of his career.

Mr. Schoellkopf is currently the managing partner at Lykos Capital Management, a private equity management company, a position he has held since 2003.

Between 1998 and 2000, he was the CEO of Bank Austria Group's US operations. Prior to that, he was vice-chairman and chief financial officer of First Fidelity Bank until it was sold to First Union in 1996. Previously, he was an executive vice-president of Shearson Lehman, serving in its Foreign Exchange division. Before that, he served as an executive vice-president of Chase Manhattan Bank in the Capital Markets and Treasury departments

Mr. Schoellkopf currently serves of the Boards of SLM (Sallie Mae) Corporation, Sovereign Bancorporation, a subsidiary of Banco Santander and BPW Acquisition Corporation, a financial services SPAC.

His prior board memberships include Bank Austria Cayman Islands and First Fidelity Bank.

Mr. Venn is senior executive vice-president of corporate development at CIBC, and managing director and deputy chairman of CIBC World Markets Inc.

In his current role as head of corporate development, Mr. Venn is responsible for identifying, developing strategic initiatives and joint ventures for CIBC. These initiatives include the acquisition of Merrill Lynch Canada's retail brokerage group, the sale of CIBC's interest in Juniper Financial Corp., Global Payments Inc., Edulinx Canada Corp., and its US retail brokerage operation.

Mr. Venn is chairman and a director of CIBC Mellon; director of First Caribbean International Bank Ltd.; and director of INTRIA Items Inc. He is also on the Foundation, Finance and Investment Committee for Mount Sinai Hospital; Board of Trustees, and incoming chair of the United Way; Board and Senior Management Committee, United Synagogue Day School; Investment Committee, Toronto Community Foundation; National Advisory Board, State of Israel Bonds; Campaign Executive Committee, University of Toronto; Board of Weizmann Institute of Science, and co-chair for the United Jewish Appeal 2004.

Mr. Orr was named CEO of First Caribbean International Bank in May 2008.

Prior to this, he spent 13 years holding increasingly senior roles at CIBC and CIBC World Markets in Toronto, culminating as executive vice-president and managing director, head of international retail banking and deputy head of corporate development.

In his role as head of CIBC's international retail banking operations, Mr. Orr was responsible for CIBC's Caribbean and Asian businesses.

As deputy head of corporate development, he played a key role in a number of large transactions for CIBC including the acquisition of Barclay's ownership stake in First Caribbean at the end of 2006.

Previously, Mr. Orr was CEO of Amicus Bank, which has more than 2.1 million retail banking clients across Canada. He also held a number of positions in the investment and merchant banking units of CIBC World Markets.

In addition to his executive responsibilities, he is a member of the board of directors of First Caribbean International Bank, CIBC Bank and Trust Company (Cayman) Ltd, and CIBC Trust Company (Bahamas) Ltd.