Clarien Bank has appointed chief executive officer Ian Truran to the bank’s board of directors.

Mr Truran has led the bank since May 2010, when he was named CEO of Capital G Bank, before the rebranding as Clarien.

Patrick Hylton, chairman of Clarien Bank, said Mr Truran had shown “exemplary leadership as CEO”.

“Ian’s extensive experience and strategic guidance through this critical time at Clarien has been instrumental in the increasing growth of the organisation,” Mr Hylton added.

Clarien yesterday announced a $7.3 million profit for the first nine months of last year — up 126 per cent on the prior 12 months.

Mr Truran has worked in the banking industry for more than 25 years, all but five of them in senior management roles.

He joined Capital G Bank in 2001 as senior vice-president, head of credit risk management and was subsequently promoted to executive vice-president with oversight of branch banking, private banking, personal lending, business banking, credit risk management and compliance.

Before joining Capital G, Ian held senior positions with the Butterfield Bank in the credit risk management function and latterly as senior vice-president of private banking.

He has previously served as an Executive Member of the Bermuda Chamber of Commerce, a member of the Bermuda Board of Education and the Treasurer of the International Charitable Foundation of Bermuda and is the president of the Bermuda Equestrian Federation.