Butterfield Bank Group (“Butterfield”) is pleased to announce the appointment of Mr. Cornelio Cappelletti as the Managing Director of Butterfield Asset Management (Switzerland) Limited, effective 1 August 2008. Butterfield Asset Management (Switzerland) Limited, based in Zurich, specialises in providing wealth management services to private clients.
Mr. Cappelletti has extensive experience in the asset management and banking sectors and has worked with several major Swiss banking institutions. He has held senior positions at Credit Suisse, Wetzikon, St Gallische Kantonalbank, Linthgebiet and was Chief Executive Officer at Sparkasse Horgen AG before leaving to join a partnership specialising in asset management. Mr. Cappelletti will report to Mr. Jim Parker, Butterfield’s Country Head for Switzerland, who has overall responsibility for the Group's activities in Switzerland.
Graham Brooks, Executive Vice President, International at Butterfield said, “Mr. Cappelletti's appointment will open a new chapter in the development of our presence in Switzerland and provide substantial opportunities for the expansion of our asset management business from our base in Zurich." Butterfield Asset Managemen (Switzerland) Limited can be contacted on +41 (43)888 6488.