Hamilton, Bermuda – 4 October 2010: The Bank of N.T. Butterfield & Son Limited ("Butterfield") today announced that it has appointed James McPherson Senior Vice President and Head of Group Internal Audit.
Mr. McPherson joins Butterfield from Noor Islamic Bank in Dubai where he established audit and risk review functions for the start-up bank in 2007 and subsequently led those functions as Head of Internal Audit and Business Review Risk for three years. Prior to joining Noor, Mr. McPherson spent 18 years in increasingly senior roles at Citigroup in the US, Saudi Arabia, Belgium and Japan and an additional 18 years at Old Stone Bank of California and Bank of America Corporation. Mr. McPherson is a Certified Internal Auditor.
At Butterfield, Mr. McPherson will be responsible for Group Internal Audit, overseeing Audit operations in all seven of Butterfield’s jurisdictions. In this capacity, he will work closely with the senior management team, reporting to the Audit Committee of the Board of Directors.
Bradford Kopp, Butterfield’s President & Chief Executive Officer, said, "Jim is a well-respected international banker with over forty years of experience in audit, credit and consumer banking. We are pleased that Jim has agreed to put his experience to work for Butterfield as our new Head of Group Internal Audit. I’m glad to have him on the team."
Mr. McPherson and his wife have relocated to Bermuda from Dubai, UAE.