The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that Timothy J. Colclough has been named Managing Director of Butterfield Trust (Bahamas) Limited. He replaces Julien Martel who retired from the company on 27 February 2015.

Originally from Jersey, Mr. Colclough has lived and worked in The Bahamas for close to two decades where he is a Permanent Resident. He has extensive experience in fiduciary services and a depth of knowledge of both local and international trust structures. He is a Chartered Company Secretary, holds an LL.B (Hons) law degree from the University of Buckingham, is a Member of the Society of Trust and Estate Practitioners (“STEP”) and is an Individually Chartered Member of the Chartered Institute for Securities and Investment.

Mr. Colclough began his career with Butterfield in The Bahamas in 2005. He was appointed Head of Trust & Fiduciary Services in 2011. He previously held senior roles at several prominent financial and fiduciary services companies in The Bahamas, including RBC Dominion Securities, The Bank of Nova Scotia Trust Company, SolStone Management Services and The Winterbotham Trust Company.

Bob Moore, Executive Vice President and Head of Group Trust at Butterfield said, *“I would like to congratulate Tim on his appointment as Managing Director. The Bahamas is a key jurisdiction for Butterfield in the provision of bespoke trust and fiduciary services solutions for our clients, offering progressive legislation, innovative structures and a respected legal and regulatory environment. Tim is well versed in all aspects of Bahamian and international trust legislation, and I am confident that he is the right person to lead our team and continue to build our local and international business from our base in Nassau.”*

Mr. Moore added, *“I would also like to take this opportunity to thank Julien for his many years of service to Butterfield both in Guernsey and The Bahamas. Julien led the local team through a challenging transitional period as we refocused our business in The Bahamas on trust and fiduciary services. Thanks to that, we are well positioned for continued growth. We wish Julien the very best of luck in the future.”*