Butterfield [comprising Bermuda-based The Bank of N.T. Butterfield & Son Limited and its international subsidiaries] has received three Financial Centre Awards from Citywealth, the UK-based publisher of wealth-management industry news and directories.
Butterfield was named Private Bank of the Year – Caribbean, Trust Company of the Year – Caribbean and Trust Company of the Year – Switzerland.
Butterfield was also named Runner Up to Legis Group in the category Trust Company of the Year – Guernsey. In January, Butterfield announced that it had reached an agreement in principle to acquire Legis Group’s Guernsey-based trust and fiduciary services business, subject to regulatory and other approvals, which is expected to be completed during the first quarter 2014.
Brendan McDonagh, Butterfield’s Chairman & Chief Executive Officer said, “We are pleased to have been recognised by our peers in the wealth management sector with these prestigious awards.
“Wealth management businesses are important at Butterfield, and these awards demonstrate that our people and services are among the most respected in the industry. We congratulate our private banking teams in Bermuda and the Cayman Islands, and our trust teams in Bermuda, the Cayman Islands and The Bahamas, Switzerland and Guernsey on receiving these honours.”
Bob Moore, Executive Vice President and Head of Group Trust at Butterfield said, “It is a great accomplishment to receive these awards. Butterfield’s focus has been on the development of a cohesive global trust business that provides exemplary client service and bespoke solutions that draw upon our multi-jurisdictional expertise and presence.
“These awards highlight the depth and strength of our teams’ expertise, and their commitment to client service.”
Now in their third year, the Citywealth International Financial Centre Awards were established to highlight the excellence of the advisers and managers in the private wealth sector in major international financial centres.