Butterfield Bank has entered into an agreement to acquire Rawlinson & Hunter in Guernsey, the independently owned member firm of the Rawlinson & Hunter International Network.

The acquisition will further expand the bank’s Channel Islands presence and strengthen its trust and fiduciary offering with the addition of approximately 50 highly qualified colleagues in Guernsey, 71 client groups and $9 billion in assets under administration.

Butterfield chairman and chief executive Michael Collins said: “R&H Guernsey is a great addition to our growing private trust business, which is a significant fee revenue generator for Butterfield.”

He said the acquisition would increase Butterfield’s presence as a leading provider of private trust services in Guernsey and globally.

Alasdair Cross, senior partner at R&H Guernsey, said: “Butterfield is a well-known leader in the trust industry and we look forward to working with them to provide our clients with the same high quality of service and continuity they have enjoyed under current ownership.”

Butterfield said it has been in the business of establishing and administering fiduciary structures for clients since the advent of international trust legislation more than 85 years ago.

Butterfield’s award-winning private trust businesses deliver services to international clients through trust companies based in Bermuda, The Bahamas, the Cayman Islands, Guernsey, Singapore and Switzerland, which together have responsibility for $134.7 billion in assets administered by a team of more than 280 trust professionals.

The transaction, which is expected to close in the first half of 2026 and is subject to customary closing conditions, including regulatory approvals, relates solely to the R&H Guernsey entity and does not include any other R&H member firms or network interests.