The UK private bank Arbuthnot Latham has appointed Kevin Kennedy - latterly of Butterfield Private Bank - as head of risk management.

Kennedy spent four years with Butterfield as head of property finance and a member of the credit committee, a role in which he was accountable for the bank’s asset book and the development and implementation of its lending strategy. Before joining Butterfield he spent some twenty years at Ahli United Bank in various relationship management and credit underwriting positions.

In his new role, which entails oversight of Arbuthnot’s credit team and asset book, Kennedy will report to chief executive Dean Proctor.

In another senior hire made in recent months, September saw the hire of Gregory Perdon as head of alternative investments and alternative lending. Perdon joined the bank from Arjent, a London-based investment boutique where he had spent five years. Before this he led the alternatives investment team at Merrill Lynch.