Mr. Richardson, a Bermudian, joined the Bank's Finance & Planning Division in 1988, and has held a variety of senior management positions since then. He was most recently Senior Vice President, Retail Clients, and has been responsible for the Retail Banking business of the Bank since July 1994, apart from a ten month secondment in 1997 to the Bank's overseas offices in Asia and Europe to gain exposure to its Corporate Trust and Private Client businesses. Prior to that he served as Manager and Senior Manager in Retail Banking.
Henry Smith, President and CEO, Bank of Bermuda, said: "Alan's promotion reflects his valued contribution to the success of the Bank's global operations, as well as the importance of our Retail Banking business here in Bermuda. The Retail Division has established itself as one of the core businesses of the Bank, and promises to make an even more significant contribution as we develop new business abroad through the use of Internet-based technology. Alan is a key member of our senior management team, and I am very pleased to be able to announce his promotion today."