Dodig joins Butterfield Bank board of directors

TUESDAY, AUGUST 23: Victor Dodig has joined the board of directors for The Bank of N.T. Butterfield & Son Limited.

Mr Dodig was nominated for appointment to the Board by Canadian Imperial Bank of Commerce (CIBC) to replace John Orr, as one of its two representatives on Butterfield’s 12-member Board.

He was elected to the Board on July 27.

Mr Dodig is senior executive vice-president, CIBC and Group Head, Wealth Management, a position he has held since March 2011.

He has responsibility for CIBC’s asset management, retail brokerage and private wealth management businesses.

Mr. Dodig joined CIBC in 2005 as executive vice-president, Wealth Management, CIBC Retail Markets.

Before joining CIBC, Mr Dodig was managing director and CEO for UBS Global Asset Management in Canada, and prior to that, spent five years as a managing director in Canada, the US and the UK for Merrill Lynch and Company.

Robert Mulderig, chairman of Butterfield’s board of directors, said Mr Dodig’s “perspective and knowledge, gained through many years of leadership in international wealth management, will be valuable to Butterfield, particularly as we work to enhance our group investment advisory and asset management businesses.”

Mr. Mulderig added: “I would also like to thank John (Orr) for the contributions he has made to the Board since joining in 2010. His expertise in Caribbean banking proved valuable to the Board.”