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6 June 2006
Ian Fair joins Butterfield Bank

(Hamilton, Bermuda – 6 June 2006) Butterfield Bank is pleased to announce that Ian Fair has joined the Group, effective today. Mr. Fair takes on the newly created role of Vice Chairman of Butterfield Bank (Bahamas) Limited. Reporting to Graham Brooks, Chairman, Butterfield Bank (Bahamas) Limited, Mr. Fair will help the Group continue to expand its international Private Banking and Wealth Management business. He will play a significant role in the Group’s relationships with major clients. 

 

Mr. Fair is a prominent member of Nassau’s financial services community and brings a wealth of experience to his new role.  He has been involved in offshore trust and private banking for over 40 years, the last 37 of those from a Bahamas base.

 

“We are very pleased to welcome a person of Ian’s eminence to the Butterfield Bank Group,” commented Graham Brooks.  “We continue to grow and enhance our range of wealth management services and Ian brings with him an unparalleled depth of knowledge, particularly on the international aspects of wealth management and planning. His proven abilities and skills are a very positive addition to the Butterfield Bank Group, and to our senior management team.” 

 

Before joining the Butterfield Bank Group, Mr. Fair worked for National Westminster Bank and then in The Bahamas at Scotiatrust and Deltec Panamerica.  He was principal for 16 years in The Bahamas’ operation of MeesPierson.  

 

Mr. Fair remains committed to the development of the finance industry in The Bahamas. He was the Founding Chairman of The Bahamas Financial Services Board (BFSB) and is the current Chairman of The Bahamas International Securities Exchange (BISX) and The International Trust Companies Association (ITCA). 

 

His involvement in civic and charitable concerns is extensive, both in The Bahamas and elsewhere.  The Clifton Heritage Authority, The National Art Gallery of The Bahamas, The Governor General’s Youth Award and The Living Oceans Foundation have all benefited from his support. He and his wife of 35 years, Sylvia, have three daughters. 

 

"I am absolutely delighted to be joining forces with such a prestigious and highly-respected  organisation as Butterfield Bank at this stage in my career," said Mr. Fair. “This is an exciting and special opportunity and I look forward to assisting the Group in further developing their business, both in The Bahamas and elsewhere. Their strong sense of commitment to financial services, in particular to trust and wealth management, as well as their strong emphasis on individual attention and service to their clients has clearly created a significant and strategic advantage". 

 

Robert Lotmore continues as Managing Director of Butterfield Bank (Bahamas) Limited, reporting to Graham Brooks.  Butterfield Bank (Bahamas) Limited provides tailored solutions for international, high net worth and corporate clients who require wealth management, fiduciary, administration and banking services.  

 

Butterfield Bank Group offers a range of financial services in Bermuda, Barbados, the Cayman Islands, Guernsey, The Bahamas and the United Kingdom.

 

Note to Editors:

 

Butterfield Bank, Bermuda’s largest independent bank, offers a full range of Community Banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. As a specialist offshore financial services group, the Bank also provides Private Banking, Wealth Management & Fiduciary Services and Investment & Pension Fund Administration Services from its headquarters in Bermuda and its subsidiary offices in the Cayman Islands, Guernsey, The Bahamas and the United Kingdom. Further details on the Bank can be obtained from its web site at: www.butterfieldbank.com.

 

Media Contact:
Dianne Brewer
VP, Marketing and Communications
Telephone: 441 299 3979
Email: diannebrewer@bntb.bm

 

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