Paul A. Turtle, Managing Director of Butterfield Bank (UK) Limited, will retire at the end of December but will remain a Member of the Board of Directors of Butterfield Bank (UK) Limited in a non-executive capacity.
“I thank Paul for his considerable contribution to our organisation,” says Alan Thompson, President and CEO of Butterfield Bank. “Under his leadership, Butterfield Private Bank has developed a distinctive approach to providing individuals, their families and business interests with bespoke financial solutions. We are pleased that Paul has agreed to remain as a Member of the Butterfield Bank (UK) Board, which will continue to benefit from his extensive private banking experience.”
George Bogucki will replace Mr. Turtle as Managing Director of Butterfield Bank (UK) Limited. Bogucki, who holds a B.A. (Hons) in Economics and Accounting from the University of Kent, has three decades of banking experience, including over twenty years with Barclays Bank and four years with Riyad Bank in Saudi Arabia. Bogucki was most recently United Kingdom General Manager for Arab Bank plc, based in London.
“We are pleased to welcome George to our management team,” says Thompson. “With his many years of international experience in corporate, institutional and private banking, I know George will bring innovative ideas that will enable us to continue building upon the solid private banking platform we have established in the United Kingdom.”
Butterfield Bank (UK) Limited is a wholly-owned subsidiary of The Bank of N.T. Butterfield & Son Limited, headquartered in Hamilton, Bermuda. The bank offers deposit, lending, treasury, investment management, pension and advisory services to private and corporate clients.