Butterfield Bank (Bahamas) appoints new chairman, MD
Butterfield Bank (Bahamas) Ltd, a wholly-owned subsidiary of Bermuda-based Butterfield Bank, has announced the appointment of Robert Lotmore as chairman, with effect from June 1.
Julien Martel, who is head of Butterfield's trust and fiduciary services business in The Bahamas, will succeed him as managing director of Butterfield Bank (Bahamas) Ltd.
In his new role, Mr Lotmore will work closely with Butterfield management and members of the board to oversee the ongoing development of Butterfield's business in The Bahamas.
Mr Lotmore, who is a chartered accountant with more than 30 years of financial services experience, joined Butterfield in 2003 upon the bank's acquisition of Thorand Bank & Trust, of which he was one of the principals.
Conor O'Dea, Butterfield's senior executive vice-president, Caribbean, said: “Robert was instrumental in Butterfield's successful expansion into The Bahamas and the subsequent acquisition and integration of two additional companies in the jurisdiction.”
Mr Martel will have day-to-day responsibility for the overall management of Butterfield's Bahamas operations.
He joined Butterfield in 2000 following the bank's acquisition of ANZ Banking Group's Guernsey operation, where he was senior manager, client relationship management.
At Butterfield, Mr Martel built a large global private client base and, from 2003 to 2006, led the private banking team in Guernsey before relocating to The Bahamas. In 2009, he joined the board of Butterfield Bank (Bahamas) Ltd.