Mr. Richard J. Ferrett

St George's Parish, Bermuda

Mr. Ferrett is a former Executive Vice President and Chief Financial Officer of Butterfield Bank. Prior to joining Butterfield Bank in 1996 he worked in the UK as Head of Funding and Balance Sheet Management at NatWest Global Financial Markets. Mr. Ferrett is an Associate of the Chartered Institute of Bankers and a Member of the Association of Corporate Treasurers.