Philip Butterfield has announced his intention to retire as chief executive officer of HSBC Bank Bermuda Ltd in May next year.Bermudian Mr Butterfield has been with the bank for 12 years, eight of them as CEO, and will become the bank’s chairman on his retirement.He will be replaced by deputy CEO Richard Moseley, who joined the bank three years ago and who has been with the HSBC group for 32 years.John Campbell, chairman of the board of HSBC Bank Bermuda, has announced his intention to retire as chairman and director and will not be standing for re-election at the bank’s annual general meeting to be held on May 10, 2012.Mr Campbell will have served on the board for 25 years and as chairman for seven years.“I am looking forward to the next phase of my life’s journey,” Mr Butterfield said yesterday.“The next five months will provide us with opportunities to prepare for the future and I’m confident that our company has the financial strength, human capital and the will to achieve extraordinary success in the years to come.”Mr Butterfield became the first black CEO of a major Island bank when he succeeded Henry Smith in the role in February 2004, just as the Bank of Bermuda was sold to HSBC.He joined the bank in 2000 as chief administration officer and became chief operating officer the following year.His posting to the Island’s largest bank followed a 28-year career in the US, which culminated in him working as chief of staff for Citibank Private Bank.The bank also announced yesterday that Dennis Tucker has indicated his intention to retire from the board, after 17 years as a director, and will not be standing for re-election at the bank’s 2012 AGM.The board also approved the appointment of Brian Robertson, chief executive, HSBC Bank plc and an HSBC Group managing director, to the bank’s board effective January 1, 2012.