Lynch Appointed Butterfield Independent Director

October 22, 2019 | 0 Comments

The Bank of N.T. Butterfield & Son Limited announced today that Mark Lynch, a former partner at Wellington Management Company, has joined the Bank’s Board as an Independent Director, bringing the total number of directors to ten.

“Mr. Lynch is a respected investment manager and analyst with a specialization in financial services. On June 30, 2019, he withdrew as a partner of Boston-based Wellington, where he had served as the firm’s senior financial services analyst since 1994 and a partner since 1996. He was also a portfolio manager of mutual funds, hedge funds, and institutional portfolios over that period,” the bank said.

Prior to joining Wellington, Mr. Lynch was a US regional bank analyst with Lehman Brothers and Bear Stearns.

Michael Collins, Butterfield’s Chairman and Chief Executive Officer, said “We are pleased to have Mark join our Board as an Independent Director. His background as a bank analyst and success as a portfolio manager complements the expertise of our effective and diverse Board, benefitting all our stakeholders.

“Under Mark’s leadership, Wellington Management was part of the investor group that participated in the Bank’s recapitalization in 2010. Mark has a deep understanding of our business and markets, and recognizes the value and growth potential of our franchise. Our Board deliberations will benefit from his insight and industry perspective.”

Mr. Lynch is also a director of Dads’ Resource Center in State College, Pennsylvania. He holds a degree in European History from Harvard College.

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