Butterfield renames Bahamas business
Butterfield Bank has announced that it has changed the name of its Nassau-based subsidiary from Butterfield Bank (Bahamas) Ltd to Butterfield Trust (Bahamas) Ltd to reinforce its commitment to offering trust and fiduciary services from the Bahamas to both local and international clients.
According to the company, in 2011, as part of a growth strategy centred on investment in core businesses and markets, Butterfield realigned its trust businesses enabling it to better leverage resources across the Group. Butterfield offers trust services from six separately incorporated companies in the Bahamas, Bermuda, Cayman Islands, Guernsey, New Zealand and Switzerland.
Bob Moore, executive vice-president and head of Group Trust, said: “The multi-jurisdictional capability that we offer clients in the field of international fiduciary business is fundamental to our approach. We see the Bahamas as a key component in this regard strengthening our position in our chosen markets. The name change demonstrates our commitment to the Bahamas as a jurisdiction and its integral role in our strategic plans for growth.”