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 Content Editor ‭[1]‬

 

Butterfield Named Best Developed Market Bank 2015 – Bermuda by Global Finance Magazine


Hamilton, Bermuda—21 April 2015: The Bank of N.T. Butterfield & Son Limited (“Butterfield”)today announced that it has been named Global Finance’s best bank in Bermuda in its 2015 selections of the World’s Best Developed Market Banks.

Global Finance is a US-based periodical providing analysis and articles on financial markets and financial institutions. It has a circulation of more than 50,000 subscribers in 180 countries. The editors of Global Finance made their selections of the 2015 regional and country winners after extensive consultations with corporate financial executives, bankers and analysts throughout the world. In addition, a poll of Global Finance’s corporate readership was conducted to increase the accuracy and reliability of the results. Both objective and subjective criteria were considered by the editors in making their selections, and included factors such as each bank’s growth in assets, profitability, new business development and innovation, as well as analysts’ opinions.

The complete list of the 2015 global winners will be published in the May edition of Global Finance.

In a press release announcing the winners, Joseph D. Giarraputo, publisher and editorial director at Global Finance said, “The banks that Global Finance is honouring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve. These banks have weathered the volatile conditions of the past few years and are primed to take advantage of global conditions as they improve.”

Brendan McDonagh, Butterfield’s Chairman & Chief Executive Officer said, “We are honoured to have been named best bank in Bermuda in Global Finance’s listing of the world’s best developed market banks. Global Finance is a widely read and well-respected industry publication, and their selection of Butterfield, alongside many of the world’s leading banks, serves to validate that our approaches to service, product development and balance sheet management are truly world class.”

During the last six months, Butterfield has received accolades from the three leading industry publications: The Banker (Bank of the Year honours in Bermuda and Cayman); Euromoney (Private Banking Survey awards in Cayman and Guernsey); and now best bank honours from Global Finance.

Mr. McDonagh added, “Clearly the efforts of our employees and our strategy for growth are delivering solid results, and those results are being recognised by financial industry analysts and opinion leaders, as well as our clients and shareholders. I am proud of our team and the progress we continue to make in building value in the Butterfield brand.”
 

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