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Hamilton, Bermuda―26 November 2019: The Bank of N.T. Butterfield & Son Limited (“Butterfield” or “the Bank”) (NYSE: NTB | BSX: NTB.BH) is proud to announce that Group Chief Financial Officer Michael Schrum is a winner in the 2019 Finance Monthly CFO Awards.

The awards are given to inspiring financial leaders across a wide range of business sectors around the globe who continuously deliver outstanding results for their respective organisations and whose hard work, innovation and vision is worthy of recognition.

As Group Chief Financial Officer, Mr Schrum is responsible for strategically positioning Butterfield with the investment community, enhancing the financial reporting environment, and managing the capital resourcing and corporate development functions for the Bank, which now spans ten international jurisdictions. He joined Butterfield in September 2015 bringing with him more than 20 years of financial services experience in London, New York and Bermuda.

Since joining Butterfield in September 2015, Mr Schrum has been instrumental in Butterfield’s Initial Public Offering in the US in 2016 and the successful follow-on offering, which transformed the ownership structure of the Butterfield Group from private equity to that of a diversely held public company traded on the New York Stock Exchange. More recently, his expertise contributed to the Bank’s acquisition of ABN AMRO’s Channel Islands-based banking subsidiary and its subsequent integration into Butterfield’s existing Guernsey banking operation.

"It's an honour to receive the Finance Monthly CFO award and to be recognised by my peers in the financial services industry," said Mr Schrum. "I am delighted to be a part of a growing organisation and to play a role in furthering our mission to be the world’s leading, independent offshore bank and trust company. I’m extremely proud to work with a consummate team of finance professionals.”

Finance Monthly is a global publication delivering news, comment and analysis to those at the centre of the corporate sector. The Finance Monthly CFO Awards celebrate the hard work, innovation and vision of the most successful CFOs across a wide range of sectors around the globe. To read Michael Schrum’s full profile of visit the Finance Monthly CFO website here:




About Butterfield:
Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at:



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