JOHN RICHMOND APPOINTED MANAGING DIRECTOR OF BUTTERFIELD TRUST (BERMUDA) LIMITED
Hamilton, Bermuda—11 October 2016: Butterfield Trust (Bermuda) Limited (“BTBL”) a wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that John Richmond has been appointed Managing Director of BTBL with immediate effect. In this capacity, Mr. Richmond has overall responsibility for the management of Butterfield’s Trust business in Bermuda, reporting to Butterfield’s Group Head of Trust. He replaces Martin Pollock who is leaving Butterfield to pursue a new opportunity outside of Bermuda.
Mr. Richmond has over 21 years’ experience managing complex trust structures for ultra-high net worth families across multiple jurisdictions, and was previously Head of the Family Office of Bermuda Trust Company Limited (“BTCL”), a subsidiary of BTBL. He is a Director of BTCL and acts in a personal capacity on several Boards, foundations and Private Trust Companies. He is also a member of the Institute of Directors. Bob Moore, Butterfield’s Group Head of Trust, said “We wish Martin every success in his future career and thank him for his contribution to the development of Butterfield's trust business.
“I congratulate John in his appointment as Managing Director of BTBL. Under his leadership, we look forward to further developing our trust business in Bermuda, building upon our position of strength as the Island’s leading fiduciary services provider and an integral part of Butterfield's multi-jurisdictional trust offering.”
This announcement 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 US Securities Act of 1933, as amended (the “Securities Act”). No decision has been made as to whether any securities of The Bank of N.T. Butterfield & Son Limited (the “Issuer”) will be registered under the Securities Act, or the laws of any State. 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 Issuer containing detailed information about the Issuer and management, as well as financial statements.
Notes to Editors:
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 various property lending, 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.