Butterfield Appoints Neff, Expands Committee

July 27, 2018

In a filing with the Bermuda Stock Exchange [BSX], The Bank of N.T. Butterfield & Son Limited announced the appointment of Michael Neff, Managing Director, Bermuda.

The filing stated, “The Bank of N.T. Butterfield & Son Limited today appointed Michael Neff, Managing Director, Bermuda in which capacity he will be responsible for Butterfield’s Bermuda businesses. Mr. Neff was most recently Butterfield’s Group Head of Wealth Management.

“He has over 30 years’ experience in financial services, having held senior roles in wealth management, client services, and business development functions. He began his career at Chemical Bank’s Private Banking Group. Mr. Neff led the implementation of the global wealth management client relationship model at Citibank’s Private Bank before leaving the firm to establish AnswerSpace Inc., a financial planning technology consultancy in 1998.

“He later founded Monetaire Inc., a leading provider of financial planning and advice software that was acquired by the RiskMetrics Group in 2004. At RiskMetrics, he initially served as Global Head of Wealth Management rising to become Co-Head of the firm’s Global Financial Risk Management business. Mr. Neff holds a Bachelor of Arts from Middlebury College and a Master of Business Administration from Columbia Business School.

“Butterfield also announced today the expansion of its Group Executive Committee with immediate effect, to include the Managing Directors of its three principal banking markets: Bermuda, the Cayman Islands and the Channel Islands.

“Joining the Executive Committee and reporting to Michael Collins, Chairman and Chief Executive Officer are: Michael Neff, Managing Director, Bermuda; Mike McWatt, Managing Director, Cayman Islands; and Richard Saunders, Managing Director, Channel Islands.”

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