Butterfield Announces Management Changes as COO Steps Down
As a result of this departure, Michael Neff, Managing Director Bermuda, will lead the Company’s international trust business and Richard Saunders, Managing Director Channel Islands, will assume responsibility for international corporate banking. Michael McWatt, Managing Director
Michael Collins, Butterfield's Chairman and Chief Executive Officer, stated: “Dan is stepping down to pursue other opportunities. We are grateful for his significant contributions during his tenure with the Bank. Since joining Butterfield in 2010, Dan has concentrated his considerable abilities initially on the restructuring of loan and investment assets and later on our initial public offering in 2016. Most recently, he has focused his efforts on corporate development through acquisitions. On behalf of the Board of Directors, I would like to thank Dan for his many contributions and wish him the best of luck in his future endeavors.”
Mr. Collins added: “With the announcement of the recent acquisition of ABN AMRO (Channel Islands) Limited, our immediate goal is to complete the acquisition and integration so that we can continue to grow our banking business in the Channel Islands and deliver shareholder value.”
About Butterfield:
Butterfield is a full-service bank and wealth manager headquartered in
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Investor Relations Contact:
Noah Fields
Investor Relations
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299 3816
Fax : (441) 295 1220
E-mail: [email protected]
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Mark Johnson
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The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299 1624
Fax: (441) 295 3878
E-mail: [email protected]
Source: The Bank of N.T. Butterfield & Son Limited