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Butterfield returns directors

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Michael Collins, Butterfield chairman and chief executive (Photograph supplied)

Butterfield Bank re-elected its board of directors at its annual meeting, held online on Wednesday.

The shareholders’ vote for the directors was one of three proposals on the meeting agenda.

Those re-elected were Michael Collins, Alastair Barbour, Sonia Baxendale, Mark Lynch, Ingrid Pierce, Jana Schreuder, Michael Schrum and John Wright.

Alastair Barbour, director, RSA Insurance Group plc, Liontrust Asset Management plc, Phoenix Group Holdings plc, director of the Bank of NT Butterfield & Son Limited (Photograph supplied)
Sonia Baxendale, president and chief executive officer, Global Risk Institute, director of the Bank of NT Butterfield & Son Limited (Photograph supplied)
Mark Lynch, retired partner, Wellington Management Company, director of the Bank of NT Butterfield & Son Limited (Photograph supplied)
Ingrid Pierce, the global managing partner of Walkers, director of the Bank of NT Butterfield & Son Limited (Photograph supplied)
Jana Schreuder, former executive vice-president and chief operating officer, Northern Trust Corporation, director of he Bank of NT Butterfield & Son Limited (Photograph supplied)
Michael Schrum, president and group chief risk officer, the Bank of NT Butterfield & Son Limited (Photograph supplied)
John R. Wright, retired bank chief executive, Clydesdale and Yorkshire banks (Photograph supplied)

Butterfield recently was twice named among the best banks in the Caribbean, cited for its work in Bermuda and the Cayman Islands.

The acknowledgement was from Global Finance magazine, which named Banreservas the Best Bank in the Caribbean and in its home country, the Dominican Republic, for the second year running.

Global Finance said: “Our Cayman Islands and Bermuda winner, Butterfield Bank, focused on digital inclusion to garnish impressive metrics for its customers.

“The bank posted a solid 24.2 per cent (return on equity) and an 58.1 per cent core efficiency ratio. As a result, the bank’s net interest income reached a staggering $367 million and non-interest income $212 million.

“Butterfield also took advantage of the Credit Suisse fiasco by acquiring its trust business in the Cayman Islands.”

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Published May 13, 2024 at 7:59 am (Updated May 13, 2024 at 7:30 am)

Butterfield returns directors

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