Butterfield hosted the second annual Butterfield Student Challenge this month at the Fairmont Hamilton Princess.
The Butterfield Student Challenge showcases some of Bermuda’s most talented high school students via a business case solution competition that was organised by Butterfield’s 2009 Management Trainees.
Six local high schools entered teams comprised of some of their most business savvy students to act as consultants for a fictitious family who require financial services and products tailored to meet their respective needs.
Each team was required to produce a detailed financial plan and present its proposal to a panel of six distinguished business leaders that included Challenger Banks’ CEO and former Premier Sir John Swan and President & CEO of Butterfield, Bradford Kopp, as well as: Butterfield’s EVP, Bermuda Wealth Management, Curtis Dickinson; Butterfield’s EVP, Head of Bermuda Retail Banking, Sean Lee; VP and Head of Consumer Credit at Butterfield Shawnette Griffin; and AVP, Operational Risk Management, Michelle Malpas.
The six competing schools were: the Berkeley Institute, Bermuda High School, Bermuda Institute, CedarBridge Academy, Saltus Grammar School and Mount Saint Agnes Academy. The three finalists were:
Third place: CedarBridge Academy;
• Tyler Mcglashan
• Jasekani Furbert-Wade
• Kimonea Pitt
• DeAzha Chambers
(Butterfield Mentor, George Ngaruiya, AVP, Group Internal Audit and Management Trainee
Mentor, Lonnie Bascome)
Second place: Mount Saint Agnes Academy;
• Sierrah Raynor
• Shaquille Smith
• Ryan Sousa
• Thomas Mahoney
(Butterfield Mentor, Terica Esposito, AVP, Corporate Banking and Management Trainee Mentor,
And the 2010 Butterfield Student Challenge and People’s Choice Winners were: Bermuda Institute:
• VaShon Williams
• Reglindis Ratteray
• Demetria Packwood
(Butterfield Mentor, Roy Yammine, AVP, Consumer Credit and Management Trainee Mentor,
Mr. Kopp said Butterfield was extremely proud to once again be the sole sponsor and organiser of this popular community event.
“Among the greatest contributions we can make in our community is to invest in the education and development of our young people,” Mr. Kopp said. “By giving local students the opportunity to work with experienced mentors and apply their skills and knowledge to solving real world business issues, the Butterfield Student Challenge is a valuable and unique learning experience. I was highly impressed by the quality of the presentations and I would like to congratulate everyone who was involved in this very successful event – from the mentors and judges, to the coordinators both at the schools and within the Bank, and particularly the students themselves who worked so hard.”
Sir John Swan said: “I congratulate the students on their magnificent performances. Events like
this help sow the seeds of Bermuda’s future success.”
The winning teams won cash prizes. A recording of the 20 November competition will be
broadcast on CITV in December 2010.