Hashtag: #BermudaBanks

Butterfield To Acquire Global Trust Solutions

Butterfield To Acquire Global Trust Solutions

The Bank of Butterfield has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions [GTS] business, excluding its US operations; terms of the agreement were not disclosed. A spokesperson said, “Upon completion of the transaction, which is subject to regulatory approvals, Butterfield will take over the ongoing management... Read more of this article

Butterfield Bank: Senior Management Restructure

Butterfield Bank: Senior Management Restructure

The Bank of Butterfield today announced the following changes within its senior management team structure. Daniel Frumkin, previously Group Chief Risk Officer, has been appointed to the new role of Group Chief Operating Officer. In this capacity, he will be responsible for the Group’s client-facing businesses, jurisdictions, technology, and operations. Andrew... Read more of this article

Former CIA Executive Director Joins Bank Board

Former CIA Executive Director Joins Bank Board

The Bank of Butterfield announced that Meroe Park has been appointed to its Board as a Non-Executive Director. “Ms. Park was most recently the Executive Director of the United States Central Intelligence Agency, serving as the Agency’s chief operating officer in its most senior career post,” the announcement said. “Prior to her... Read more of this article

Clarien’s Hurricane Donation Drive Continues

Clarien’s Hurricane Donation Drive Continues

Hurricanes Irma and Maria left destructive paths of devastation throughout the Caribbean, and as the region recovers from both storms, the Clarien Bank hurricane donation drive continues to accept donations in support of Red Cross relief and recovery efforts. Clarien Bank Chief Marketing Officer Michael DeCouto commented: “As thousands in the region... Read more of this article

HSBC Church St Line/Drive Through Changes

HSBC Church St Line/Drive Through Changes

At the HSBC Church Street branch transaction and customer wait times were “significantly longer at the dedicated Seniors’ teller than at the main teller line,” and a “decision was made to incorporate the Seniors’ teller into our main teller lines,” the Bank said. Following comments made at the recent town hall about the change... Read more of this article

Clarien Bank To Match Donations Up To $10K

Clarien Bank To Match Donations Up To $10K

Clarien Bank today [Sept 18] announced the launch of a donation drive to support recovery efforts in the Caribbean after the devastation caused by Hurricane Irma, with the Bank set to match donations up to $10,000. “Donations should be made directly to the Bermuda Red Cross account at Clarien Bank. The funds will support Red Cross societies from... Read more of this article

Graduate Trainees Join Bank Of Butterfield

Graduate Trainees Join Bank Of Butterfield

Recquel Furbert, Erik Simmons, and Lateefah Caines have joined the Bank of Butterfield 2017 Graduate Trainee Programme, which offers Bermudian university/college graduates the opportunity to acquire the skills and expertise they need to succeed in the financial services industry. Working closely with experienced bankers, Trainees will gain real-world... Read more of this article

Vivien Carter Joins Bank Of Bermuda Foundation

Vivien Carter Joins Bank Of Bermuda Foundation

Bank of Bermuda Foundation announced that Vivien Carter has joined the Foundation as its new Programme Officer with responsibility for grantee liaison, organisational learning and community outreach. “Vivien brings more than 15 years of leadership and experience in non-profit management, as well as youth and community development,” the Foundation... Read more of this article

Butterfield Bank Reports Second Quarter Profit

Butterfield Bank Reports Second Quarter Profit

The Bank of N.T. Butterfield & Son Limited today announced net income for the second quarter ended 30 June 2017, as well as changes in the composition of its Board of Directors. The Bank’s second quarter net income was $36.1 million, an increase of $0.2 million compared to $35.9 million earned in the first quarter of 2017. Core earnings for... Read more of this article

HSBC Reviewing To “Prevent Future Incidents”

HSBC Reviewing To “Prevent Future Incidents”

Following an email being sent to a “small number” of retail banking customers which “unfortunately included an attachment containing personal information of some of HSBC Bermuda’s customers,” HSBC said they “takes the security of its customers’ information extremely seriously” and are “currently reviewing... Read more of this article

World Finance Magazine Features Clarien Bank

World Finance Magazine Features Clarien Bank

The Spring 2017 issue of World Finance magazine features an article by Clarien Bank executives Clare Spearing, Head of Private Banking, and Robert Steinhoff, Head of Investment Strategy, on changes in wealth management. Entitled “The evolution of the asset manager”, the article explains that since the financial crisis, more clients are relying on... Read more of this article

HSBC Team Trackers Programme Winners

HSBC Team Trackers Programme Winners

HSBC globally provides hundreds of volunteering opportunities in youth education and environmental projects, and as part of HSBC Bermuda’s ‘personal volunteering’ initiative the bank has engaged with The Centre on Philanthropy’s ‘Volunteer Team Tracker Programme’. The programme’s on-line tracking tool enables members of our local community... Read more of this article

Fitch Affirms Bermuda Commercial Bank At BB+

Fitch Affirms Bermuda Commercial Bank At BB+

Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings [IDRs] of Bermuda Commercial Bank [BCB] at ‘BB+/B’. The Rating Outlook remains Stable. The ratings agency said, “The affirmation reflects the company’s good capital levels and high on-balance sheet liquidity that provides necessary offset for the bank’s... Read more of this article