§ Lloyd Wiggan has been promoted to Senior Vice President, Banking
§ Bob Wilson has been promoted to Senior Vice President, Credit
These appointments reflect the Bank's recent business restructuring, which has placed all lending functions, both personal and corporate, in one department, Credit, and all deposit taking functions in another, Banking.
"Both Mr. Wiggan and Mr. Wilson have been doing outstanding jobs, and have for some time held responsibility at the Senior VP level. These promotions are well deserved," said Calum Johnston, President & CEO of Bank of Butterfield. "As lending and deposit taking are the backbone of our business, it is imperative that these areas have a voice at the senior management table," he added.
The business restructuring, under the leadership of Mr. Wiggan and Mr. Wilson, has already improved accountability, new business development and the professional development and upward mobility of staff. The benefit of these changes to the Bank's customers has been an improved record of service in terms of lending, and a retail banking function that can more closely focus on customers' needs. For staff, the restructuring equates to more opportunities for career development, as there are now a wider range of related job functions within each area.