BUTTERFIELD GROUP JOINS SEABIN PROJECT IN FIGHT AGAINST OCEAN PLASTICS
Hamilton, Bermuda—4 April 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield”), a Bermuda-based bank and trust company with operations in six international locations, has joined the Seabin Global Pilot Program. Butterfield will install the pre-series V5 Hybrid Seabin at the marina at Hamilton Princess & Beach Club in Bermuda’s capital.
The Seabin is a floating rubbish bin placed at marinas, docks, yacht clubs and commercial ports around the world as a part solution to the current global littering problem. Water is syphoned in from the surface and passes through the natural fibre catch bag inside the Seabin. The water is pumped back into the marina leaving litter and debris trapped in the catch bag to be disposed of properly.
The first Butterfield-sponsored installation of Seabin technology in Bermuda will coincide with the start of the 35th America’s Cup, being held on the island this summer. Butterfield is an Official Supplier and the Official Bermuda Bank, and the Hamilton Princess & Beach Club is the Official Hotel of the 2017 America’s Cup.
The Princess Marina at Hamilton Princess & Beach Club will be contributing space in their new marina facility, which is an ideal location for installation of the pre-series Seabin and will be one of 10 locations globally to have the pre-series V5 Hybrid Seabin installed. During the test period of three months, experience and feedback including data from the debris collected will be gathered from the exclusive group, before the commercial sales of the Seabins commence mid-year.
As a Global Pilot Partner, Butterfield will additionally introduce the Seabin Project’s education and research programs in Bermuda to increase awareness of the problem of plastics in the ocean among the island’s youth.
As Butterfield operates primarily from island jurisdictions, the Bank has a great appreciation for the marine environment and supports initiatives that will assist with the preservation and improvement of island and maritime ecosystems. The Bank plans to eventually install Seabins at marina locations in some of its other jurisdictions, as well.
“The team and I at Seabin Project are extremely excited to announce this dynamic partnership. With Butterfield being the Official Bermuda Bank and providing sponsorship for the 35th America’s Cup, and partnering with Seabin Project at Hamilton Princess & Beach Club as the selected location, it will have a huge impact on the ocean plastics problem we are addressing with the Seabin technology. The fact they will be rolling out the tech, education and research programs to some of their other locations around the world is nothing short of amazing.” – says Pete Ceglinski Managing Director and Co-Founder of Seabin Project.
Michael Collins, Butterfield’s Chief Executive Officer, said “As an island-based financial services company, the economies and daily life in our communities are tied to the ocean. We are, therefore, focusing our corporate giving efforts on the protection of the marine environment. The Seabin Project with its innovative approach to addressing the problem of plastics in the ocean--combining technology and education-- was a natural fit with our environmental focus, and we are pleased to be working with the Seabin Project team.
“I would like to express our appreciation to the Hamilton Princess & Beach Club for providing the ideal location for Bermuda’s first Seabin. We look forward to developing similar partnerships in our other jurisdictions to support the rollout of Seabin technology in those communities.”
Allan Federer, General Manager of the Hamilton Princess & Beach Club, said: “We’re delighted to be involved in this environmentally-friendly project that will clean the water in the Marina. The water filtering system will make a huge difference, collecting all floating rubbish, oils, fuel and detergents to tackle a local problem that has global implications.”
Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from six jurisdictions: Bermuda, the Cayman Islands and Guernsey, where its principal banking operations are located; and The Bahamas, Switzerland and the United Kingdom, where it offers specialised financial services. Banking services comprise retail and corporate banking. Wealth management services are composed of trust, private banking, and asset management. In Bermuda and the Cayman Islands, Butterfield offers both banking and wealth management. In Guernsey, The Bahamas and Switzerland, Butterfield offers wealth management. In the UK, Butterfield offers residential property lending. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com
About Hamilton Princess & Beach Club
Since 1885, Hamilton Princess & Beach Club, has reigned as Bermuda’s "Grande Dame" and has been a symbol of all that Bermudians hold dear—courtesy, hospitality and quality with an unequalled sense of style. An architectural treasure on Hamilton’s harbourfront for more than 130 years, the hotel continues to host royalty, world leaders and dignitaries, celebrities, business travellers and visitors from around the world. The recently renovated Hamilton Princess & Beach Club offers 400 elegant guestrooms, including 43 suites, and more than 30,000 square feet of versatile indoor and outdoor reception and meeting rooms in a peaceful paradise. For more information, please visit thehamiltonprincess.com.