Butterfield Offers Congratulations on Bermuda’s Successful Bid to Host the 35th America’s Cup
The Bank of N.T. Butterfield & Son Limited (“Butterfield”), Bermuda’s first and largest indigenous financial institution, today offered its congratulations to the Government of Bermuda and the Bermuda Tourism Authority for staging Bermuda’s successful bid for the 35th America’s Cup. The competition for the longest-contested trophy in international sport will come to Bermuda’s waters in June 2017.
Brendan McDonagh, Butterfield’s Chairman & Chief Executive Officer, said, “Today’s announcement by the ACEA that Bermuda will be the host venue for the 2017 America’s Cup could not have come at a better time for the country. The preparations for staging the race and qualifying events will boost economic recovery by creating jobs in construction, hospitality, real estate and many other areas. The media coverage associated with the America’s Cup will provide worldwide exposure for the island as a sailing venue and luxury vacation destination, which should provide a boon to tourism for years to come. On behalf of the Board of Directors and all of us at the Bank, our congratulations and thanks go out to everyone involved in Bermuda’s bid.”
Michael Collins, Butterfield’s Senior Executive Vice President - Bermuda, said, “This is a great day for Bermuda and Bermudians. The 2017 America’s Cup and the lead-up to it will provide us with a rare opportunity to showcase Bermuda’s natural beauty, sophisticated business infrastructure and logistical know-how to millions of people around the globe. As a community, we have a massive task ahead of us to prepare the island for the global spotlight, and once-in-a-lifetime opportunity to pull together to show the world what we can do. The team at Butterfield is looking forward to being part of the preparations and supporting a successful America’s Cup in 2017.”