Mark Prothero has been appointed as Bank of Bermuda head of HSBC Securities Services in Bermuda, completing the senior management team.

Mr. Prothero joins the HSBC Securities Services (HSS) division from New York, where he was responsible for the HSS custody and clearing sales and relationship activity in the US, as well as the HSS Latin American operations.

Mr Prothero has worked at HSBC within the HSS division for over 16 years, holding several posts including ones in Thailand and Egypt and is expected to take up his post in mid-September.

Guy Kelly has been promoted to the position of chief administration officer for HSS Bermuda.

Mr. Kelly joined the bank in 1989 in the Internal Audit department and has over 15 years of fund administration, custody and banking experience.

Prior to this position, Mr Kelly has held a variety of roles in HSS Bermuda, with his last appointment being Senior Banking and Credit Manager for HSS globally.

Also, Chandra Arandjelovich has been appointed as head of Alternative Funds Services and Kirk Caza is assuming the role of head of Institutional Funds Services.

Along with the continuing role of Linda Sutherland as head of Management Services, the latest appointments of Mr. Prothero and Mr. Kelly complete the senior management team for HSS Bermuda. Mr Philip Butterfield, CEO of Bank of Bermuda, said: "Fund Administration is an important and growing line of business for Bank of Bermuda and HSBC."

"I am confident we have a very capable, experienced and talented team which will continue the success we have seen so far in our local business."

@EDITRULE:

Jeffrey Goldstein has been appointed to the board of Arch Capital.

Mr. Goldstein is a managing director of Hellman & Friedman and helps lead the firm's New York office. Prior to joining Hellman & Friedman, he was MD, CFO and a member of the management committee of the World Bank.

Mr. Goldstein replaces David Tunnell on the board as a designee of funds affiliated with Hellman & Friedman LLC pursuant to the company's shareholders' agreement.

Constantine (Dinos) Iordanou, president and CEO of the company, said: "We are very pleased to have Jeffrey join our board of directors."

"He brings a wealth of knowledge and experience to the board. We are also thankful to David Tunnell for his contributions to our company over the past four years and wish him the very best."

@EDITRULE:

Rainer Kirchgaessner has appointed as global corporate development officer for ACE.

Mr. Kirchgaessner joins ACE from General Electric, where he was a business development executive in their Commercial Finance division.

Based in New York, Kirchgaessner will report to Evan Greenberg, president and CEO of ACE, and work with members of ACE's senior management team on the identification and analysis of new business opportunities, potential acquisitions and alliance partners.

"Rainer has impressive corporate finance credentials, particularly as they relate to the insurance and reinsurance industry," Mr. Greenberg.

"We welcome Rainer to ACE and look forward to his contributions as we continue to maximise our global business model and expand our capabilities and presence around the world."

@EDITRULE:

Three new directors have been elected to serve on the Bacardi Limited's board of directors. They are Robert Corti, Philip Shearer and Toten Comas.

"These highly accomplished individuals bring vast experience in the consumer products industry to Bacardi's board of directors. They are distinguished business leaders who offer unique insights into premium brands," Facundo Bacardi, chairman of Bacardi said.

"The appointments also demonstrate the company's continued strong commitment to good corporate governance."

Mr. Corti is currently chairman of the board of the Avon Products Foundation and served as Avon Products Incoporated's executive vice president and chief financial officer from 1998 until he retired as chief financial officer in November 2005 and as executive vice president in March 2006. With more than 25 years of experience with Avon Products, Incorporated, Mr. Corti joined Avon's tax department as a tax associate in 1976 and held progressive financial leadership positions throughout his tenure at the company.

Mr. Corti is a member of the board of directors and chairman of the Audit Committee of Activision, Incorporated, an international publisher of interactive entertainment software.

He also serves as a member of the Board of the Queens College Foundation and the Valtarese Foundation.

Mr. Shearer is currently Group president, The Est?e Lauder Companies Incorporate. He is responsible for Clinique and Origins on a global basis and leads the company's online activities, including the Gloss.com joint venture with Chanel and Clarins.

In January 2005, his responsibilities expanded to include the Company's prestige hair care business.

Mr. Shearer joined The Est?e Lauder Companies in September 2001 as Group president, International. Mr. Shearer has also held various senior level positions at L'Or?al and the Elizabeth Arden division of Eli Lilly.

Mr. Shearer was chairman of the board of The Fragrance Foundation from 1998 to 2001.

Mr. Comas served on the Board of Directors of Bacardi Limited as an Alternate Director from 2000 to 2002. Mr. Comas is president of Propiedades Coba, S.A., a commercial real estate development firm, located in Malaga, Spain.

Prior to this he served as general manager of Inversiones Capricornia S.A., a chain of quick service restaurants in Malaga.

From 1977 until 1988, Mr. Comas worked in Spain as general manager for Tecnica Internacional de Servicio, S.A., a quality control subsidiary of Bacardi & Co. of Nassau, Bahamas, and also as director of quality control for Bacardi Espa?a and the European Bacardi Bottlers.

Mr. Comas joined Bacardi & Company in 1969 as a Bacardi Rum blender in Nassau and continued that position until 1977.

@EDITRULE:

Butterfield Bank is entering the Swiss private banking market with its establishment of a new wholly owned subsidiary in Switzerland.

Butterfield Bank executive vice president, Graham Brooks said the formation of Butterfield Asset Management (Switzerland) Limited was in line with the bank's strategy of increasing its European Private Banking presence and capability.

"We have chosen to enter the Swiss private banking arena by the establishment of Butterfield Asset Management (Switzerland) Limited in Zurich." Mr. Brooks said.

"It is a logical extension to the service which we provide in London through Butterfield Private Bank and also through our well established business in Guernsey, Channel Islands."

Iain Little will be the first managing director of Butterfield Bank's Swiss based asset management company.

Mr. Little is a former head of Geneva-based Pictet & Cie's UK private clients business where he was responsible for asset allocation and fund selection.

Mr. Little also co-founded P&C Global Wealth Managers SA, in Zurich six years ago, was a divisional director of international business development for Edinburgh Fund Managers plc and speaks five languages ? English, French, Japanese, Russian and German.

Butterfield Asset Management (Switzerland) Limited's new office, from November 1, will be based at No. 37, Talstrasse, near Paradeplatz, in central Zurich.

@EDITRULE:

Max Re Capital Limited Keith Hynes, executive vice president and chief financial officer, will participate in Fox-Pitt Kelton's 2006 "Bermuda in Boston" Conference on Tuesday, September 19, 2006.

Mr. Hynes will participate in a panel discussion on the future of Bermuda which is scheduled to take place from 9.05 a.m. to 9.45 a.m.