January 25, 2022

Butterfield to acquire Global Trust Solutions business from Deutsche Bank

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HAMILTON, BERMUDA— 25 October 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced that it has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions (“GTS”) business, excluding its US operations. Terms of the agreement were not disclosed. Upon completion of the transaction, which is […]

Stockholm hedge fund group IPM launches Delaware feeder fund

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From hedgeweek Systematic macro hedge fund manager IIPM has launched a Delaware feeder fund to respond to increased demand from a large pool of investors in the US wanting easy access its flagship macro strategy. The fund which was seeded on 1 June by IPM will feed into its Cayman flagship master fund, launched 11 […]

Butterfield reports full year 2016 and Q4 2016 results

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Full year 2016 net income of $115.9 million, up $38.2 million over 2015; net income per share of $1.18, down $0.05 per share over 2015 Full year 2016 core earnings(1) of $138.6 million, up $24.7 million or $2.48 per share, up $0.53 per share over 2015(2) All outstanding preference shares redeemed for cancellation Board declared […]

Expanded portfolio for CIBC’s St Hill

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From Guardian Media CIBC FirstCaribbean International bank has expanded its wealth management services following the resignation of Mark Young, managing director of Wealth Management, effective February 2014. In a newspaper advertisement the bank said: “The board of CIBC FirstCaribbean has therefore approved the re-allocation of responsibility for our wealth management business.” Mark St Hill, the […]