Butterfield Bank has announced the appointments of Michael Collins as senior executive vice-president, Bermuda and Conor O'Dea as senior executive vice-president, Caribbean.

Mr. Collins joined Butterfield in August 2009 as executive vice-president, corporate development. Since joining, he has spearheaded several important initiatives at the bank and was instrumental in bringing Butterfield's successful recapitalisation efforts to completion in early March.

In his new role, Mr. Collins will have overall responsibility for all of Butterfield's customer facing businesses in Bermuda - commercial and retail banking, wealth management and custody, as well as the supporting human resources, marketing and administrative functions. He will also chair the group credit committee, and have responsibility for the group's asset management, pension and charitable donations committees. Mr. Collins has 25 years of experience in financial services, having held progressively senior positions at JP Morgan in New York and later at HSBC in Bermuda, where he was the chief operating officer. He also serves as chairman of Caron Bermuda. Mr. O'Dea joined Butterfield in 1989 and was named managing director of Butterfield Bank (Cayman) Ltd. in 1997. In mid 2009, he was also given oversight responsibility for Butterfield's operations in The Bahamas and Barbados.

In his new role, Mr. O'Dea will be responsible for all business lines in The Bahamas, Barbados and the Cayman Islands and the respective administrative and operational functions supporting those businesses. He will also have responsibility for the development and coordination of commercial and retail banking products and services across the group's community banking markets: Bermuda, Barbados and the Cayman Islands.

Bradford Kopp, Butterfield's president and CEO,said, "Over the past several months, as the bank worked to address significant organisational challenges including the need to secure additional capital, I have worked closely with Michael and Conor.

"They are professional, experienced and highly regarded bankers, and I have been very impressed with their knowledge of the local markets for which they have been given responsibility. We are fortunate to have them on the Butterfield team.

"Bermuda and the Cayman Islands are Butterfield's two largest markets in terms of revenue generation, accounting for nearly 75 percent of the bank's revenues (before gains, losses and provisions for credit losses) in 2009."