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1 February 2008
Butterfield Welcomes Captive Insurance Relationship Manager
Butterfield Bank’s Paul Peene

Butterfield Bank (Cayman) Limited recently welcomed a new member to its Credit Services Department. Paul Peene joined the Bank as a Manager in the Corporate Banking area, a division responsible for the borrowing and non-borrowing needs of businesses, to focus primarily on managing relationships with captive insurers.

“The success of the Cayman financial and captive insurance industry is based largely on partnerships with all the various entities and service providers working closely together towards a common goal,” said Paul.  “At Butterfield we have partnerships not just with our customers and their clients but also with the industry itself and in helping Cayman compete in the global market place. Butterfield Bank has a vested interest in helping all the various interests become successful.”

Originally from Canada, Paul moved to Cayman in 1996. He joins Butterfield Bank from Marsh Management Services where he was a captive insurance manager for three years, prior to which he worked in the Cayman banking and trust industry with Fortis and Merrill Lynch. Paul is a qualified accountant with the ICMA and holds a STEP diploma in International (Offshore) Trust Administration and a CSC Certificate from the Canadian Securities Institute.

His previous work experience, Paul said, has given him a better understanding of the needs and pressures that are in the marketplace, the systems that are used and how to merge them with the processes and compliance procedures that in are place in the banking industry with the aim of driving improvements to Butterfield’s customer service to make it as seamless and responsive as possible.


Media Contact:
Rhonda Serrano
Marketing & Communications
Tel: (345) 815-7549




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