Butterfield Trust Named Trust Company of the Year

Hamilton, Bermuda and George Town, Grand Cayman—15 September 2015: Butterfield Group today announced that Butterfield Trust, comprising six independently incorporated trust companies located in key financial centres, has been named Trust Company of the Year at the tenth annual STEP Private Client Awards.

STEP—the Society of Trust and Estate Practitioners—is the worldwide professional association for those advising families across generations. STEP Private Client Awards are highly respected in the industry, with nominees put through a rigorous, practitioner-led judging process. Winners are considered by STEP to be the best in the industry in their areas of specialisation.

Chair of the Private Client Awards Presiding Judges, Paul Stibbard, TEP, said “Just being shortlisted is a great achievement, so the firms and individuals who won should be very proud indeed.”

Mr, Stibbard added, “Butterfield Trust has a robust fiduciary offering, global reach, a sophisticated client delivery team and has made a significant investment in technology. Their collaborative approach internally (and externally) enables clients to have a single relationship with the company across jurisdictions and they have displayed a rigorous approach to compliance and regulatory issues.”

Michael Collins, Butterfield’s Chief Executive Officer, said “We are honoured that Butterfield Trust has been recognised by our peer-professionals as Trust Company of the Year from a pool of candidates that included many well-known international institutions. The provision of personalised service, through which local fiduciary relationship managers draw upon the expertise and resources of the entire Butterfield Trust network to meet each client’s unique needs, is a hallmark of our service approach. This award affirms that that approach, and the quality of the solutions we’re able to offer are considered best-in-class by STEP. Congratulations to the entire Butterfield Trust team on receiving this important accolade.”

Bob Moore, Butterfield’s Head of Group Trust, said “For more than seventy-five years—since that advent of offshore trust legislation—Butterfield has been providing trust and estate services to international clients. Trust and fiduciary services remains a core business for the Group, and an area of continued strategic importance. Being awarded the STEP Trust Company of the Year designation reflects the breadth of solutions and the expertise that Butterfield Trust has developed over those many years, along with our focus on client service excellence.”

Brian Balleine, Managing Director of Butterfield Trust (Cayman) Limited, said “Butterfield Trust in Cayman
provides services to private clients and family offices as well as trustee services for international pension plans and unit trusts. We are pleased that the experts at STEP have recognised the quality of services we provide in those areas, and we are proud to share this award with our colleagues around the globe.”

About Butterfield:

Butterfield is specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda, and the Cayman Islands, encompassing retail and corporate banking and treasury activities. In the wealth management area, the Group provides private banking, asset management, investment advisory and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom. Butterfield also provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, the Cayman Islands and Guernsey, which include asset management and corporate trust services.

Butterfield is publicly traded in Bermuda, and its shares are listed on the Bermuda Stock Exchange. Butterfield’s share price is published daily in The Royal Gazette (www.theroyalgazette.com) and is also available on Bloomberg Financial Markets (symbol: NTB BH) and the Bermuda Stock Exchange website (www.bsx.com). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.

About STEP:

STEP is the worldwide professional association for those advising families across generations. STEP helps people understand the issues families face in this area and promotes best practice, professional integrity and education to its members.

Today, STEP has more than 20,000 members across 95 countries from a range of professions including lawyers, accountants and other specialists. What connects STEP’s members is that they all help families plan for their futures: from drafting a will or devising a family business, to helping international families and protecting vulnerable family members.