Three senior managers at Bermuda Commercial Bank have been named to its board of directors.

They replace former chairman John Deuss, former managing director Timothy Ulrich and Tineke Deuss, all of whom resigned in connection with an investigation into First Curacao International Bank, which owns 47 percent of BCB.

Dominique Smith currently serves as chief operating officer and brings over 20 years' experience within the financial services sector, 12 of them at the Bank. Greg Reid serves as general manager of accounting and administration, having over 12 years' experience within the financial services sector, with three years at the Bank. Paul Kneen currently serves as general manager, banking and custodial service, bringing 19 years' experience within the financial services sector, six of them at the Bank, a statement from the Bank said.

All three will serve until the bank's annual general meeting on December 20, at which time they will stand for re-election with the rest of the board.

Dr. Clarence Terceira, chairman and chief executive officer stated: "We are delighted to welcome Ms. Smith, Mr. Reid and Mr. Kneen to the Board of Directors. Their extensive knowledge of the Bank and expertise will prove to be an asset as we move the Bank forward."

Mr. Deuss, who owns 100 percent of FCIB, was voluntarily extradited to the Netherlands earlier this year and is being questioned by prosecutors in connection with an international tax scam, known as carousel fraud, which robs European governments of billions of dollars each year.Fraudulent traders are suspected of having stashed hundreds of millions of dollars in illegal tax gains in accounts at FCIB.

A warrant issued for Mr. Deuss' arrest listed allegations of money laundering, handling stolen property and being in charge of a criminal organisation. He denies any wrongdoing.

BCB is currently up for sale, and said it was in talks with a number of interested buyers. Butterfield Bank withdrew its name from the potential purchasers in November without disclosing the reasons.

The bank last month announced record full year results of $8.38 million, an increase of $3.21 million or 62.1 percent from $5.17 million in 2005.