The new subsidiary will concentrate on client acquisition for the group's network of trust businesses, comprising offices in Bermuda, Cayman, Guernsey, Hong Kong, Switzerland, Malta and The Bahamas.

The bank says that the new company will provide independent fiduciary and asset structuring services to international families, with emphasis on the use of private trust companies.

Katie Booth, a qualified trust lawyer has been appointed managing director of Butterfield International Private Office. Graham Brooks, Executive Vice President, International announced of the appointment that:

"We are delighted to have recruited an executive with Katie's considerable experience and talent to lead our new company. She brings very strong technical knowledge, as well as outstanding client relationship and business development skills. Katie has an excellent reputation in the international financial services community."

He continued:"The incorporation of an International Private Office in London alongside our existing private banking and trust businesses demonstrates our commitment to providing a broad suite of services to meet the increasingly complex needs of high net worth individuals and their families."

Butterfield Bank Group recently expanded its Swiss presence by setting up Geneva-based Butterfield Trust (Switzerland) and acquired the Bentley Reid Group, with offices in London, Hong Kong and Malta.