Bermuda-headquartered Butterfield has appointed Alastair Barbour as a
non-executive director, replacing Robert Steihoff, who retired following the
2012 annual general meeting.

Barbour is a chartered accountant with over 25 years of experience
providing auditing and advisory services to publicly-traded companies,
primarily in the financial services industry, the firm said. 

Most recently, Barbour was head of KPMG’s financial services group in
Scotland, until 2011. Earlier in his career, he worked at
KPMG Bermuda between 1983 and 1991, where he was named partner in 1985. He also worked at KPMG in the Bahamas from
1978 until 1983. 

Barbour is a director of various public companies, including RSA
Insurance Group, Liontrust Asset Management, Standard Life European Private
Equity Trust and CATCo Reinsurance Opportunities Fund, as well as private companies
CATCo Reinsurance Fund and Scottish Equitable Policyholders Trust.

Along with Barbour, the firm has two UK-based directors on its board.

Earlier this month, Butterfield announced an agreement to sell its
wholly-owned Barbados subsidiary to Trinidad and Tobago-based First
Citizens Bank. The deal, subject to regulatory approval, will complete in the
third quarter of this year and comprise gross proceeds, subject to normal
adjustments, of $45 million, the firm said in a statement at the time.