Bank of Butterfield buys back, cancels shares

The Bank of Butterfield bought back and cancelled a total of 66,920 of its own shares at an average price of $38.21, the Bermuda Stock Exchange said yesterday. The repurchases were made under the share repurchase programme announced January 5, 2000.

Avella named to Bank of Bermuda post

The Bank of Bermuda has hired Mary Avella as vice president and global head of tax and fund structuring in its global fund services unit, with a focus on hedge funds, Hedgeworld.com reported yesterday. Ms Avella will work with tax issues related to hedge funds and with investor services for hedge funds and funds of funds in the Americas. She previously was chief financial officer for Thomas Weisel Asset Management, San Francisco, a unit of the investment firm Thomas Weisel Partners. The name of her replacement at Thomas Weisel was unavailable. Bank of Bermuda also cited her experience using Advent Partner software as one of the reasons for hiring her, according to a statement from the bank.

All-Points portfolios listed on BSX

Two new portfolios of the All Points Multi-Manager Plc have been listed on the Bermuda Stock Exchange.

The European Value and Global Credit Bond Portfolios represent the 15th and 16th Portfolios of the Company respectively to take up secondary listings on the BSX. The Company has a primary listing on the Irish Stock Exchange. The listings were sponsored by Bermuda International Securities Ltd. a wholly owned subsidiary of the Bank of Bermuda.