Butterfield Bank has named Daniel Frumkin to the new role of chief operating officer as part of a management shake-up.

In his new role Mr Frumkin, who was previously the group’s chief risk officer, will be responsible for the Butterfield’s “client-facing businesses, jurisdictions, technology, and operations”, the bank said in a statement.

Andrew Graham, previously chief risk officer and head of fiduciary risk at Butterfield Bank (Guernsey) Ltd, has been named group chief risk officer. And the bank’s risk management function becomes part of the finance division, reporting to group chief financial officer Michael Schrum.

Compliance has been separated from risk management, and Siân Dalrymple, group head of compliance, will join the group executive committee, reporting directly to Michael Collins, Butterfield’s chairman and CEO.