The Bank of NT Butterfield & Son Limited has announced that Ingrid Pierce has joined its board as an independent director, bringing the total number of directors to ten.

Ms Pierce is the global managing partner of Walkers, the international law firm.

Butterfield said she is among the world’s leading investment fund lawyers, acting for major institutions, asset managers, re/insurers, trustees and other fiduciaries.

Before joining Walkers in 2002, Ms Pierce practised as a barrister in London, specialising in commercial and chancery work.

She is based in the Cayman Islands.

Michael Collins, Butterfield’s chairman and chief executive officer, said: “I am delighted that Ingrid is joining Butterfield’s board of directors.

“The bank will benefit from her expert legal and business knowledge, particularly relating to international trust, banking and law.

“It will also benefit the bank to have a new Cayman-based director, as the Cayman Islands remains an important contributor to Butterfield’s profitability and expected growth.”

Butterfield said Ms Pierce is a frequent speaker at industry events and a guest commentator on various media platforms including Bloomberg, CNBC and Fox Business.

She is also a member of the board of directors of Lex Mundi, the world's leading network of independent law firms.

Ms Pierce will be a member of Butterfield’s risk policy and compliance committee.