This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Butterfield Appoints Barclay Simmons Vice Chairman
Hamilton, Bermuda – 28 June, 2012 - The Board of Directors of The Bank of N.T. Butterfield & Son Limited (“Butterfield” or “the Bank”; Ticker: NTB.BH) today announced that Mr. Barclay Simmons has been appointed Vice Chairman, filling the role vacated by Robert Steinhoff upon his retirement on 1 May 2012. Mr. Simmons has served on the Bank’s Board as a Non-Executive Director and a member of the Risk Policy & Compliance and Compensation & Human Resources Committees since April 2011.
Mr. Simmons was appointed Managing Partner of law firm Attride-Stirling & Woloniecki (“ASW”) in January 2006. Prior to re-joining ASW, he was an investment banker with Goldman Sachs & Company in New York. Mr. Simmons was part of the litigation team that founded ASW in 1999.
Outside of ASW, Mr. Simmons’ focus is on the financial services industry and he serves as a director on several boards in this space. In addition to serving as a Director at Butterfield, Mr. Simmons is a Director at Argus Group Holdings Limited, where he sits on the Investment Committee, a Director at the Bermuda Monetary Authority, where he is Chairman of the Investment Committee, and a member of the five-person Public Funds Investment Committee.
Mr. Simmons holds an MBA from the Harvard Business School and an LLB (Hons) from the University of Kent at Canterbury. He was called to the Bar of England & Wales in 1997 and the Bermuda Bar in 1998.
Brendan McDonagh, Butterfield’s Executive Chairman, said, “We are pleased that Barclay has accepted the position of Vice Chairman of the Board. His professional experience in law, investment banking and regulatory matters, along with his direct involvement in helping shape the current strategy for enhancing Shareholder value, made Barclay the ideal candidate for the position.”
Mr. Simmons said, “Serving on Butterfield’s Board during a key period in the Bank’s recovery has been an exciting and rewarding experience. I am honoured that my fellow Directors have chosen to appoint me Vice Chairman, and I look forward to continuing to work with them in developing Butterfield’s key businesses, ensuring the Bank continues to adhere to world-class governance protocols and building value in the franchise for the benefit of all of the Bank’s stakeholders.”
Notes to Editors:
The Bank of N.T. Butterfield & Son Limited (“Butterfield”) is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. Butterfield also provides private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey and the United Kingdom. In Switzerland and The Bahamas, Butterfield provides personal trust and company services. Butterfield is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. 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
Media Relations Contact:
Mark Johnson
Vice President, Communications, Brand & Public Affairs
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299 1624
Cellular: (441) 524 1025
Fax: (441) 295 3878