Tag: Bermuda banks

Capital G Bank Rebrands As Clarien Bank

Capital G Bank Rebrands As Clarien Bank

[Updated with photos] Clarien Group Limited announced that they will be renaming Capital G Bank to Clarien Bank Limited. This includes all subsidiary companies: Capital G Investments Limited, Capital Trust Limited, Capital G BSX Services Limited, CGI Nominees Limited and Capital G Brokerage Limited. Clarien said, “The Group combines unrivalled... Read more of this article

KPMG Advises On Butterfield’s Legis Acquisition

KPMG Advises On Butterfield’s Legis Acquisition

Butterfield’s acquisition of Legis Group’s Guernsey-based trust and corporate services business was supported by KPMG Advisory teams in Bermuda and Guernsey. KPMG Advisory provided corporate finance and due diligence services to Butterfield, leveraging KPMG’s global network and local presence to “full effect.” Charles Thresh, Managing... Read more of this article

Butterfield Bank March Share Repurchases

Butterfield Bank March Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of March, 2014, the Bank purchased for Treasury 1,657,707 Common Shares at an average price of $1.982 per share. In addition, in March, the Bank did not purchase any 8% Preference Shares for cancellation. Related PostsKPMG... Read more of this article

Capital G Bank Makes Five Positions Redundant

Capital G Bank Makes Five Positions Redundant

Capital G Bank has made five positions redundant, citing its “on-going organizational transformation plans.” A Capital G Bank spokesperson said, “Capital G Bank Limited can confirm that as part of its on-going organizational transformation plans it has made 5 positions from various positions across the bank redundant as of Friday,... Read more of this article

Butterfield Bank Provides Seven Internships

Butterfield Bank Provides Seven Internships

The Bank of N.T. Butterfield & Son Limited recently partnered with Bermuda College to provide internships for seven college students who are studying or interested in business. February through 25 April, Shanteala Looby, Brittani Place, Kneiko Richardson, Julia Judd, Kentrell Williams, Tracey DeSouza and Tahnee Douglas will receive hands-on experience... Read more of this article

19 Full Time Positions Eliminated At HSBC Bank

19 Full Time Positions Eliminated At HSBC Bank

HSBC Bermuda said that due to a “reorganization of their branches,” 19 permanent roles were eliminated and replaced with 21 part-time roles and several on-call positions. An HSBC spokesperson said, “Last year a review of our Retail business was conducted [as we have previously communicated]. 6 permanent sales roles were added to our... Read more of this article

HSBC Bank Bermuda Reports Year End Results

HSBC Bank Bermuda Reports Year End Results

HSBC Bank Bermuda Limited today [Mar 3] announced a consolidated net operating income of US$242m for the year ended 31 December 2013, an increase of US$7m or 3%. Michael Schrum, Chief Financial Officer, HSBC Bank Bermuda Limited, said: “Our capital and liquidity positions remain key strengths. Our profits grew slightly, reflecting a strong customer... Read more of this article

Finn Appointed New Executive VP At Capital G

Finn Appointed New Executive VP At Capital G

The Clarien Group Limited has appointed Paul B. Finn as Executive Vice President, responsible for the leadership of Capital G Bank’s Wealth Management division. The appointment takes effect today [Mar 3]. Mr. Finn will be based in Bermuda and report directly to Zoran Fotak, Co-Chief Executive Officer of Capital G Bank Limited. Mr. Finn is a senior... Read more of this article

Capital G Bank 2013 Earnings Increase To $3.6M

Capital G Bank 2013 Earnings Increase To $3.6M

Capital G Bank — which was recently acquired by of Clarien Group – today [Feb 20] announced earnings of $3.6 million for the twelve months ending December 31, 2013, up from $1.1 million recorded in the prior year. Co-Chief Executive Officer, Ian Truran said, “2013 continued in the same vein as 2012, with the Bank’s core operations performing... Read more of this article

Butterfield Bank January Share Repurchases

Butterfield Bank January Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Ltd. announced that during the month of January, 2014, the Bank purchased for Treasury 100,073 Common Shares at an average price of $1.497 per share. In addition, in January the Bank did not purchase for cancellation any 8% Preference Shares. Related PostsKPMG... Read more of this article


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