After 15 years with Bank of Butterfield, Alastair Murray is moving to HSBC to fill the shoes of Philip Duckworth who retires early next year. Murray will report to Jonathan Hubbard, managing director of HSBC Trustee Limited.
While Murray's exact title at HSBC is yet to be confirmed, he will run the bank's corporate trust business which includes acting as trustee for funds under the Mandatory Provident Fund MPF scheme and the Occupational Retirement Schemes Ordiance, and a significant number of Hong Kong unit trusts. HSBC claims to control over 50% of the trustee business for MPF.
Bank of Butterfield is now seeking a replacement for Murray, having divided his responsibilities into two roles....
