Butterfield Named Best Private Bank in Bermuda by Prestigious International Publications
Hamilton, Bermuda—4 November 2015: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) was recently named Best Private Bank in Bermuda 2015 by both US-based Global Finance and UK-based Financial Times’ publications Professional Wealth Management and The Banker.
Commenting on the awards, Nir Sadeh, Senior Vice President and Head of Private Banking at Butterfield said, “We are honoured to have been named best private bank in Bermuda by two of the world’s most respected financial publications. The methodology used in determining each of the Awards is slightly different, but both groups clearly recognised the high quality of the services that Butterfield consistently delivers to our clients in Bermuda, and how valuable the efforts of our team are to Butterfield Group as a whole.
“I would like to express my appreciation to everyone on the Butterfield Private Banking team for their dedication to serving our clients efficiently, professionally and with a highly personal touch. That has been—and will continue to be—the basis for the growth and success of Butterfield Private Banking.”
About Global Finance World’s Best Private Banks Awards:
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. In October, Global Finance announced the winners of its first annual World’s Best Private Bank Awards. The full listing of winners will appear in the December issue of the magazine.
In a press release announcing the winners of the World’s Best Private Bank Awards 2015, Global Finance publisher and editorial director Joseph D. Giarraputo said, “These awards provide an independent analysis of those firms that offer the deepest experience, best value and highest level of customer service within the private banking realm.”
About PWM & The Banker Global Private Banking Awards
The Banker, is a highly regarded UK-based periodical that is among the world's premier banking and finance resources. It is also a key source of data and analysis for the industry with a database of information on more than 4,000 banks worldwide. Professional Wealth Management (PWM) is a premier publication on financial solutions for European distributors. It has a circulation of almost 10,000. Now in the seventh year, the annual Global Private Banking Awards involve submissions from private banks operating globally or in one or more specific regions being judged by an expert panel of industry professionals based in North America, Asia, Europe and the Middle East.
Michael Collins, Butterfield’s Chief Executive Officer, said, “Receiving continued recognition from our peers and journalists working in the financial industry affirms that our client-centric approach is a competitive advantage and is delivering strong financial results within our core wealth management businesses. Butterfield Group is focused on growing those wealth management businesses globally, and under that strategy, we have completed key acquisitions over the past two years in Guernsey and Cayman. Most recently—in late October—we announced that we had reached an agreement to acquire the private banking trust and investment management businesses of HSBC Bermuda, which will deepen our in-house expertise and broaden our reach in this important market.”
In addition to the Best Private Bank Awards bestowed by Global Finance and PWM/The Banker, over the last year, the Butterfield Group has received the following accolades from influential industry publications and organisations:
- Trust Company of the Year 2015 – Society of Trust and Estate Practitioners (STEP);
- Best Bank in Bermuda 2015 – Global Finance;
- 2015 Private Banking and Wealth Management Survey Awards for Net-Worth-Specific Services for Super Affluent Clients in the Cayman Islands, and for Succession Planning Advice and Trusts in Guernsey – Euromoney;
- Bank of the Year 2014 (Bermuda and the Cayman Islands) – The Banker;
- 2014 Private Bank of the Year – Euromoney.
Notes to Editors:
This Release does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in any jurisdiction, including without limitation the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. A public offering of securities in the United States, if any such offering is made, will be made by means of a prospectus that may be obtained from The Bank of N.T. Butterfield & Son Limited (“Butterfield”) containing detailed information about Butterfield and management, as well as financial statements.
Butterfield is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda and the Cayman Islands, encompassing retail and corporate banking and treasury activities. Butterfield also provides private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey and the United Kingdom. In Switzerland and The Bahamas, Butterfield provides personal trust and company services. Butterfield is a publicly traded corporation with shares listed on the Bermuda Stock Exchange. Butterfield’s share price is published daily in The Royal Gazette (www.theroyalgazette.com
) and is also available on Bloomberg Financial Markets (symbol: NTB BH) and the Bermuda Stock Exchange website (www.bsx.com
). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.