BUTTERFIELD Trust (Bahamas) has named Craig Barley as its managing director, with overall responsibility for the management and development of its business in this jurisdiction.

Originally from the UK, Mr Barley was most recently chief executive of Latour Capital DO Brasil, spearheading its investment strategies and overseeing day-to-day operations at the company. Prior to joining Latour, he spent 10 years with Merrill Lynch in a variety of roles, including four years as director of Merrill Lynch Trust Services in Geneva, Switzerland.

An attorney, Mr Barley began his career in Brazil at the law offices of Messrs Arnoldo Wald, and subsequently held positions with Banco Omega and UBS. From 1999 to 2004, Mr Barley was founding partner and managing director of Asset Finanças Serviceços e Participaçōes Ltda, a family office and consultancy focused on the Brazilian market. Bob Moore, Butterfield's group head of trust, said: "It is a pleasure to welcome Craig to Butterfield in Nassau. "With his extensive knowledge of the Latin American business and investment landscape, he brings a unique perspective and skill set to Butterfield Trust, and will help us further develop our business in South and Central America, which has long been a focus of Butterfield Trust. Craig is an experienced leader in financial services, and we look forward to the growth and development of our business in Nassau under his direction."

Butterfield Trust has been in business for more than 80 years, and provides services to international clients through seven independent entities based in Bermuda, the Bahamas, the Cayman Islands, Guernsey, Switzerland, Singapore and New Zealand.