Butterfield appoints new faces in asset management

(CNS): Butterfield has appointed to new people to its growing Asset Management division. Dennis Govan joins Butterfield as Head of Asset Management, Caribbean in the Cayman Islands and Michael Neff joins Butterfield as Executive Vice President, Head of Group Asset Management in Bermuda. Conor O’Dea, Senior Executive Vice President, Caribbean, said that asset management is an integral part of the firms wealth management offering. “Across the Group, we have $6 billion of assets under management—in Butterfield Funds and managed portfolios. I am pleased to welcome these two individuals toour team,” he added.

Govan has over 30 years international financial services experience with many years spent in roles in the investment banking and wealth management fields. He joined the Butterfield Group in August 2009 as the Head of Investment Management, Bahamas to launch a start-up private client investment management business. Prior appointments include Director Wealth Management, Bahamas and Turks and Caicos FirstCaribbean International Bank as well as CEO, London, Raiffeisen Zentral Bank, Austria.

Meanwhile, Neff has nearly 25 years’ experience in financial services, having held senior roles in wealth management client services and business development functions. He began his career at Chemical Bank’s Private Banking Group before leaving the firm to establish AnswerSpace Inc., a CRM and financial planning consultancy, in 1998. In 2001, he founded Monetaire Inc., a leading provider of financial planning and advice software that was acquired by RiskMetrics Group in 2004. As Head of Butterfield Asset Management in Bermuda, Neff has overall responsibility for the day-to-day operations of the Butterfield Group’s portfolio/fund management, discretionary management and research functions across Bermuda, Cayman, Guernsey and the United Kingdom.