Paul Smith gets global post at Bermuda

In the opening salvo of a restructuring at Bank of Bermuda’s fund services business, Paul Smith has been promoted from head of global fund services for Asia to the position of global head, replacing Luis Douglas, who retired after serving at the bank for 34 years. The bank has $89 billion under administration worldwide.Early next year, Bank of Bermuda’s global funds services business will announce a restructuring that will scrap the regional heads of Asia, Europe and the Americas in f…