Butterfield has announced senior leadership changes and appointments. 

Michael Schrum has been reappointed Group Chief Financial Officer following Craig Bridgewater’s decision to step down. 

Mr Schrum, who previously served as Butterfield’s CFO from 2015 to 2022 and oversaw the Bank’s US IPO and NYSE listing, will retain responsibility for corporate development and group strategy. He will continue to serve on Butterfield’s Executive Committee and Board of Directors.  

Mr Bridgewater, who joined Butterfield in 2019, will work with the senior management team to ensure a smooth transition. 

Bri Hidalgo has been appointed Group Chief Risk Officer, the role most recently held by Mr Schrum. Ms Hidalgo, a member of the Executive Committee, brings over 25 years of international banking experience and most recently served as Group Head of Compliance and Operational Risk at the bank. 

Prior to joining Butterfield, Ms. Hidalgo spent 14 years with Wells Fargo Bank in compliance and risk management roles. Before Wells Fargo, she worked in senior risk management and compliance roles at Wachovia Securities and First State Investments in the US and the UK. 

Meredith Steinhaus has been named Interim General Counsel while the Bank conducts a search for a permanent successor to Simon Des-Etages. 

Ms Steinhaus has been Corporate Secretary for Butterfield since 2018. Prior to joining the bank, she served in senior legal roles at a NASDAQ-listed media company and started her law career in New York and London with LeBoeuf, Lamb, Greene and MacRae. She received her law degree from Cornell Law School in 2002. 

Michael Collins, Butterfield’s Chairman and Chief Executive Officer, said: “We are grateful to Craig and Simon for their many contributions to Butterfield. At the same time, I am pleased that we are able to draw from our deep internal talent pool for these important risk and financial roles. 

“Michael, Bri, and Meredith are well-known Butterfield executives who have performed well for us over many years and understand the markets in which we operate,” he added.