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Philip Butterfield Retires As HSBC Bermuda CEO
Philip Butterfield formally retires as HSBC Bermuda CEO today [May 10] with Richard Moseley taking over the helm. Mr. Mosley has been with the bank for approximately three years and the HSBC Group for 32 years. Mr Butterfield steps down as HSBC Bermuda CEO after eight years, but will be staying with the international financial institution in his new... Read more of this article
Court: Man Pleads Guilty To Smashing ATM
This morning [Apr.16] in Magistrates Court, 32-year-old Paul Clarence Williams pleaded guilty to smashing an HSBC cash machine at White’s Supermarket on Middle Road in Warwick, with Mr Williams saying he did it as the ATM took his card. The action happened 3:40am on Sunday 8th April 2012 and was recorded on the machine’s CCTV camera system. Police... Read more of this article
David Bascome HSBC Pro Soccer Clinic Launches
Bermudian Major Indoor Soccer League [MISL] professional and coach, David Bascome, today [Apr.12] launched his annual HSBC Pro Soccer Clinic open to male and female players between the ages of 4 – 16 years of age. This popular clinic focuses on providing players the opportunity to build on their soccer skills and learn the importance of positive discipline... Read more of this article
‘Resilient Year’ For HSBC Bermuda
HSBC Bank Bermuda Ltd made net income of $152 million in 2011 in what CEO Philip Butterfield described as a “resilient year” for the financial institution. Year end highlights on “underlying” performance include: Underlying consolidated net profit of US$152m for the year ended 31 December 2011, an increase of 3% compared with... Read more of this article
Lindo’s Building New Parking Deck
Lindo’s is building a new parking deck to provide additional parking at their store in Devonshire. President of the Lindo’s Group of Companies Giorgio Zanol said, “It was an easy and necessary decision to provide more parking at our store in Devonshire. Listening to our customers has always been a top priority for us and it’s because of... Read more of this article
Football: HSBC-BBFS College Festival
Bermuda’s Brazilian Football School (BBFS) has partnered with HSBC Bermuda to hold the island’s 2nd annual HSBC-BBFS College Festival. Coaches from England, Holland, Canada and the United States are on island for 4 days to train youth players aged 11 – 21 on skills and techniques required when playing football at college and professional levels. Nearly... Read more of this article
ACE Bids For HSBC Operations
Based in Bermuda and Switzerland, Ace Ltd. [ACE] is among the bidders for HSBC Holdings Plc’s non-life insurance operations, three people with knowledge of the matter told the Bloomberg financial news service yesterday [Jan.19]. Bupa Insurance Ltd., a UK health care group, is bidding for HSBC’s medical insurance business in Asia, said one of the... Read more of this article
New HSBC Role For Bottomley
HSBC North America Holdings Inc. today [Jan. 10] announced the appointment of Stephen Bottomley as a Senior Executive Vice President and Head of Commercial Banking for Bermuda, the United States and Canada. Based in New York City, he will manage HSBC’s commercial banking operations across North America. He succeeds Mark Watkinson, who became... Read more of this article
Kane Completes First Phase Of Merger
Since its acquisition of HSBC Insurance Management [HIM] last June, independent captive insurer Kane has relocated its Bermuda operations to new premises as well as upgraded its Cayman, London and Vermont units. Completing the first phase of its integration with HIM, Kane has said the former HSBC business unit heads and their teams have been retained... Read more of this article
Island Fails To Make Cut In Rankings
Bermuda has been knocked off HSBC’s annual ranking of the world’s friendliest countries by expatriate workers because it received too few votes in 2011. Last year Bermuda was second – just behind Canada and a few votes ahead of South Africa — in the international bank’s survey of thousands of global expatriate workers. HSBC’s... Read more of this article
HSBC’s Gift To Salvation Army
The Salvation Army recently accepted a $10,000 donation from HSBC Bermuda’s directors, management and staff who decided to celebrate the spirit of the holiday season through the gift of giving. HSBC Bermuda wanted to assist the charity to continue its important community work during a Christmas season which sees many locals struggling as a result... Read more of this article
HSBC Bermuda Executive Joins Barclays
HSBC Bermuda’s Karla Maloof, the bank’s Head of Global Banking and a member of the Senior Management Committee, has joined Barclays Corporate’s Non-Bank Financial Institutions [NBFI] team as Head of Insurance, North America. Based in New York, Ms Maloof will be responsible for developing and leading the regional strategy for the insurance... Read more of this article
