Mr. David Notman has jointly applied with Dr. Hans Black to incorporate a new investment company, under the Companies Act 1981.

The new company appears set to capitalise on the need for extensive expertise in the burgeoning field of investment.

A legal notice advises that the two men wish to incorporate a local limited liability company to be called Bridge Investments Ltd.

The company would be set up to act as consultants, managers and advisors to "any person or persons resident in or outside these Islands''.

When contacted about the application, Mr. Notman was tight-lipped, only saying that his partner would soon be on the Island to discuss the matter further.

After ten years with the Bank of Butterfield, he became the investment department's manager in 1981.

In 1984 he became one of the first Bermuda professionals and the first Bermudian to obtain a CFA. Requiring extensive study and understanding of finance, it is now widely accepted as a standard in the investment industry.

At Butterfield's for 23 years, his bank career peaked as managing director of the bank's new investment subsidiary, Butterfield Asset Management (BAM), when it was first formed.

A reorganisation in the bank a year ago saw him move to being director of private client portfolio management, while remaining a director of BAM.

But he was already prepared to move on to other challenges. Six months later, he left the bank. The man who replaced him as BAM managing director, Mr.

Preston Hutchings, has just been confirmed to leave that post after being there for a year. He now moves on in February to be the chief investment officer for Mid Ocean Re.

Mr. Notman was one of the founding members of the Bermuda Society of Financial Analysts, and served as its first president. He remains on the board and will be required to step down this year.

Mr. David Notman