Butterfield Bank has appointed Lloyd Wiggan as the new managing director of Butterfield Bank (Barbados) Ltd.

Mr. Wiggan previously held the position of senior vice-president of retail banking at the bank's head office in Bermuda.

Alan Thompson, president and CEO of Butterfield Bank, said: "We welcome an international career banker with 35-plus years of experience to the position of managing director in Barbados."

Mr. Wiggan spent more than 20 years at Citicorp, where he held a number of senior positions, including vice-president and senior country operations officer for its Jamaica operations.

He also worked as a consultant with Scotiabank and with the Government of Jamaica, co-ordinating the merger of several distressed financial entities.

He is a former chairman of the Bermuda International Business Association and member of Bermuda's Tax Appeal Tribunal Panel.