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1 December 2006
Announcement – Management change at Butterfield Bank (UK) Limited

Paul A. Turtle, Managing Director of Butterfield Bank (UK) Limited, will retire at the end of December but will remain a Member of the Board of Directors of Butterfield Bank (UK) Limited in a non-executive capacity.


Alan Thompson, President and CEO of Butterfield Bank said, “I thank Paul for his considerable contribution to our organisation.  Under his leadership, Butterfield Private Bank has developed a distinctive approach to providing individuals, their families and business interests with bespoke financial solutions.  We are pleased that Paul has agreed to remain as a Member of the Butterfield Bank (UK) Board, which will continue to benefit from his extensive private banking experience.”


George Bogucki will replace Mr. Turtle as Managing Director of Butterfield Bank (UK) Limited.  Mr. Bogucki, who holds a B.A. (Hons) in Economics and Accounting from the University of Kent, has three decades of banking experience, including over twenty years with Barclays Bank and four years with Riyad Bank in Saudi Arabia.  Mr. Bogucki was most recently United Kingdom General Manager for Arab Bank plc, based in London.


“We are pleased to welcome Mr. Bogucki to our management team,” noted Mr. Thompson, adding, “With his many years of international experience in corporate, institutional and private banking, I know George will bring innovative ideas that will enable us to continue building upon the solid private banking platform we have established in the United Kingdom.”


Butterfield Bank (UK) Limited is a wholly-owned subsidiary of The Bank of N.T. Butterfield & Son Limited, headquartered in Hamilton, Bermuda.  The Bank offers deposit, lending, treasury, investment management, pension and advisory services to private and corporate clients from offices located at 99 Gresham Street, London. 



Note to Editors:


Butterfield Bank is Bermuda’s first and largest indigenous bank, and a specialist provider of offshore financial services.  The Butterfield Bank Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities.  Private banking, wealth management and fiduciary services are provided from the Group’s headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey, The Bahamas, Switzerland and the United Kingdom.  In addition, investment and pension fund administration services are provided in Bermuda, the Cayman Islands, Guernsey, The Bahamas and the United Kingdom. Butterfield Bank is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on Butterfield Bank can be obtained from our web site at:


Media Relations Contact:


Stuart Roberts
Marketing & Communications
Phone: (441) 298-4610
Fax: (441) 295-3878


United Kingdom
Antonia Blake
Head of Marketing and Business Development
Phone: (0) 20 7776 6828
Fax: (0) 20 7776 6869




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