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30 January 2007
Butterfield Bank’s Alistair Border named Top Money Manager by iMoneyNet

Alistair Border

Butterfield Asset Management Limited (BAM) is pleased to announce that one of its portfolio managers has been awarded a top honour from iMoneyNet – a leading provider of money market mutual fund information and analysis.


Alistair Border, portfolio manager of a Butterfield Money Market Fund in U.S. dollars won a top manager award for money fund portfolios denominated in U.S. dollars that had at least $100 million assets as of December 2006 that were listed in iMoneyNet’s Offshore Money Fund Report™.


Ian Coulman, BAM Managing Director said the Butterfield Bank subsidiary has a reputation for sound investment products and high quality client service.


“In the past decade BAM has won several top place performance awards for its family of mutual funds, outperforming some of the largest fund managers and banks in the world,” Mr. Coulman said.  “In addition to award-winning mutual funds, BAM offers portfolio management and advisory services to private and institutional clients.”


An official announcement on the iMoneyNet website said, “iMoneyNet congratulates the portfolio managers of the U.S. dollar, Euro and Sterling Offshore money market portfolios that had the highest gross returns for 2006 and that report to Offshore Money Fund Report. Our 2006 Top Manager Awards are based on gross total return for the calendar year.”


Mr. Border’s portfolios topped 51 of his peers with gross total returns of 5.23 percent for the year for U.S. dollars.


Note to Editors:

Butterfield Bank is Bermuda’s first and largest independent bank, and a specialist provider of offshore financial services.  The Butterfield Bank Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities.  Private banking, wealth management and fiduciary services are provided from the Group’s headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey, The Bahamas, Switzerland and the United Kingdom.  In addition, investment and pension fund administration services are provided in Bermuda, the Cayman Islands, Guernsey, The Bahamas and the United Kingdom. Butterfield Bank is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on Butterfield Bank can be obtained from our web site at:

Media Relations Contacts:   

Mark Johnson
Marketing & Communications
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299-1624
Fax: (441) 295-3878


Stuart Roberts
Marketing & Communications
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 298-4610
Fax: (441) 295-3878




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