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Bermuda Commercial Bank Announces New Leadership
Hamilton, Bermuda - 29 September, 2008 - Bermuda Commercial Bank Ltd (BCB.BH) President John Sainsbury announces the appointment of Horst E. Finkbeiner II to the position of Chief Operating Officer as of Tuesday, 2nd September, 2008. This announcement comes after the long anticipated departure of former COO, Dominique Smith to join her husband in retirement, effective 29th August, 2008. Ms. Smith had worked for BCB for over twelve years and was appointed COO in October 2006.
Mr. Sainsbury said, "We thank Dominique for her years of faithful service to the bank and look forward to Horst continuing in our tradition of leadership and success."
Mr. Finkbeiner, a Bermudian, brings a wealth of experience to the job. He was previously the Chief Compliance Officer for Bermuda Commercial Bank from 2006 to 2008. Prior to that he held senior positions as Head of Operations & Risk for TransWorld Payment Solutions, Managing Director for Fenris Holdings NV, General Manager of ProServe Bermuda Limited, and Senior Manager of Banking Operations at Butterfield Bank.
In his position as Chief Compliance Officer, Mr. Finkbeiner was responsible for managing the Bank's regulatory and legislative compliance. He was also involved in strategic planning and marketing initiatives for BCB. Mr. Finkbeiner has 20 years of experience that includes banking, hedge funds and data processing. He did his graduate and postgraduate education in the United States where he completed his Bachelor of Arts and Master of Science degrees.
When asked about his new position, Mr. Finkbeiner said that he plans to "continue to
build on the strong foundation of the business," and expresses confidence in a smooth
transition due to a gradual transfer of duties from Ms. Smith that has been taking place
over the past number of months and Bermuda Commercial Bank's unified management
team that has always worked closely together.
Mr. Sainsbury noted that he sees Mr. Finkbeiner's appointment as an opportunity for growth, while maintaining the great standards of personal attention and quality service for which BCB has come to be known.
About Bermuda Commercial Bank
Bermuda Commercial Bank is one of Bermuda's four licensed banks, established in 1969 and listed on the Bermuda Stock Exchange. Bermuda Commercial Bank is a corporate and private wealth bank, offering a range of services through it's subsidiaries International Corporate Management of Bermuda, BCB Trust Company Limited, Bercom Nominees Limited and BCB (Mauritius) Limited. Bermuda Commercial Bank takes pride in ensuring clients' assets are safely and professionally managed at our Hamilton based office. For more information on the Bank please visit our website www.bcb.bm.
Media Contacts:
Horst Finkbeiner- Chief Operating Officer- Bermuda Commercial Bank
Tel: (441) 299-2873 Email hfinkbeiner@bcb.bm
Jennifer Ward - emedia Bermuda Limited
Tel: (441) 236-2025 ext.221
Email: jen@emedia.bm
Janet Field - Corporate Secretary
Bermuda Commercial Bank
(441) 295-5678