Bermuda-based Clarien Bank has named Ronaldo Veirano as new independent director to its board of directors.

In his new role, Veirano will be in charge for advising on the Bank’s growth and strategic expansion into Latin America.

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In addition, he will support the company’s objective of becoming a preeminent, international financial institution offering products and solutions globally.

Veirano will work alongside Burford Alexander, Michael Quinn, and Gerogory Slayton on Clarien’s board. He is a founding partner of Veirano Advogados, a Brazil-based law firm.

Keith Stock, Chairman of Clarien Bank Limited, said: "With Edmund Gibbons as one of Clarien’s shareholders, the reappointment of James Gibbons to Co-CEO demonstrates the continued commitment to Bermuda by the Gibbons family and indeed to Clarien Bank.

"Veirano’s highly regarded legal and business expertise will be a huge asset to Clarien and its Board of Directors. Specifically, his specialist knowledge of the Latin American market and his long standing relationships with organizations present in the region will be essential in driving forward strategic growth in the Bank’s private wealth and institutional banking divisions," he added.

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Veirano said: "I look forward to the opportunities that my position with the Bank’s Board of Directors will help develop, most notably in Latin America. Not only will it be the world’s fourth largest economy by 2030, but at present there are more than 200 high net worth individual’s worth over $500 million dollars residing there."