Clare Spearing has joined Clarien Bank Ltd as head of Private Banking, effective 12 January, 2014.

Ms Spearing joined the bank from the Bermuda Business Development Agency, where she was head of operations.

In a statement released today, Clarien said Miss Spearing will be responsible for leading the new business efforts for private banking, providing overall strategic direction for the division.

“Miss Spearing’s appointment reflects Clarien’s aim to become the pre-eminent financial institution for local Bermudian banking clients, while strengthening its international offering of sophisticated products and services, combined with top level investment advice to wealth management and private banking clients,” Clarien stated.

She will report to Paul Finn, head of Global Wealth Management for Clarien.

Miss Spearing brings more than ten years of Bermuda-based banking experience. She began her career in corporate banking at Butterfield Bank in Bermuda where she worked for seven years, ending in the role of assistant vice-president of Relationship Management and Sales. Following this, Miss Spearing spent two years with HSBC Bank Bermuda, where she was vice-president, senior relationship manager of the commercial banking unit.

At the BDA, Ms Spearing acted as the primary liaison between various Government Ministries, the Bermuda Monetary Authority and other international industry leaders.

Ian Truran, CEO of Clarien Bank Ltd, said: “Miss Spearing brings over a decade of Bermudian banking experience, and holds strong relationships with not only local and international clients but many important key organisations across the Island.

“At Clarien, while we have international ambitions, we remain firmly committed to the Island of Bermuda and the talent we have here. Miss Spearing brings an expert knowledge and experience of the local banking environment and we look forward to welcoming her.”

Ross Webber, the BDA’s CEO, said: “Clare has dedicated the last 18 months to laying the foundation for the BDA to thrive and flourish; her tireless work has provided us with the platform to help Bermuda succeed in the international business arena.

“She has been a loyal and tenacious stalwart for the BDA, and handled with aplomb the myriad changes that come with building a business from scratch. While we will miss her expertise, we are delighted she will join one of Bermuda’s leading financial institutions. We wish her all the best and look forward to continuing our relationship.”