In a submission to the Bermuda Stock Exchange, Butterfield Bank announced that Michael Kobel has retired from the board of directors in effect today. [July 25]..

Michael Collins, Chairman and Chief Executive Officer of Butterfield, said: He is a well-versed participant in the discussions of our board and his guidance will be overlooked. “

Covell joined Butterfield’s board of directors in 2018. Covell is an experienced non-executive chairman and director. He is currently chairman of the Acolin Group, a cross-border fund distribution business headquartered in Switzerland. He is chairman of the Ascot Lloyd Group, a financial planning business in the United Kingdom. Chairman of Le Masurier, a Jersey-based real estate investment and development business. Chairman of Sackville Capital, a multi-asset global investment advisory firm in London.

After Covell’s retirement, Butterfield’s board of directors will consist of nine directors.

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