Bermuda’s Capital G Bank has chosen Ian Truran to succeed John Kephart as its chief executive, following the latter’s appointment as president and CEO of Capital G Limited, the holding company of of Capital G Investments, Capital G Trust and Capital G Bank.

Truran has amassed 18 years of financial services experience in Bermuda, where his focus has been on retail, corporate and private banking, and credit risk management. He first joined Capital G Bank ten years ago, rising through the ranks to be appointed executive vice president and chief relationship management officer, with responsibility for credit risk, compliance and personal, private and corporate banking in 2006.

In his new post Truran will continue to work closely with Kephart, who has played a significant role in evolving Capital G into a full service bank, the firm said in a statement.

"John's extensive experience in banking has been a great asset to the organization, particularly within the technological, risk and operational functions. He will look at the strategic expansion of the group and act as mentor to Ian and other senior managers," said James Gibbons, chairman of Capital G Bank.