Michael Covell To Retire From Butterfield Board

July 25, 2022 | 0 Comments

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced that Michael Covell has retired from the Board of Directors effective today [July 25].

Michael Collins, Butterfield’s Chairman and Chief Executive Officer, said, “On behalf of the Board of Directors, I would like to thank Mike for his valuable contributions and insight, particularly as it has related to private wealth and trust. He has been a knowledgeable participant in our board discussions and his guidance will be missed.”

Mr. Covell joined Butterfield’s Board in 2018. Mr. Covell is an experienced nonexecutive Chairman and Director. He is currently Chairman of the Acolin Group, a Swiss headquartered cross-border fund distribution business; Chairman of the Ascot Lloyd Group, a UK financial planning business; Chairman of Le Masurier, a Jersey based real estate investment and development business; Chairman of Sackville Capital, a London multi-asset global investment advisory firm.

Following the departure of Mr. Covell, Butterfield’s Board will consist of nine Directors.

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