Executive appointments at Butterfield

The company is a wholly-owned subsidiary of Bermuda-based Bank of N.T. Butterfield & Son.

Current managing director Robert Lotmore will take on the role of chairman, while Julien Martel, current head of trust and fiduciary business, will take over as managing director.

Conor O’Dea, Butterfield’s senior executive vice president in the 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.

“Julien has a depth of experience in private wealth management and is highly regarded by our clients and his peers.”