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Butterfield to retire from HSBC in May

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HSBC Bank Bermuda CEO Philip Butterfield

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.The bank also announced 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.

Richard Moseley, who will take over from Philip Butterfield as CEO of HSBC Bank Bermuda next May