The Bank of N.T. Butterfield & Son Limited ("Butterfield" or
the "Bank") (BSX: NTB.BH; NYSE: NTB) today announced the promotion
of Michael Neff to Group Chief Operating Officer. Jody Feldman has
been promoted to Managing Director of Bermuda and joins the
Executive Committee. Kevin Dallas, already the Group Head of
Marketing & Communications, will take on additional
responsibility as Butterfield’s Group Chief Experience Officer.
Mr. Neff, who has served as Managing Director of Bermuda and
International Wealth since 2018 having joined Butterfield in 2011
as Group Head of Asset Management, takes responsibility for
operations and technology across the Group. Mr. Feldman, who has
served as Head of Corporate Banking in Bermuda since 2020, assumes
the role of Managing Director of Bermuda with responsibility for
Butterfield’s Bermuda business.
Michael Collins, Chairman and Chief Executive Officer said: “I
look forward to working with Michael, Jody and Kevin in their new
roles and congratulate them. As experienced and seasoned financial
services professionals, they have a deep understanding of the
industry and have made valuable contributions to Butterfield. These
appointments strengthen our leadership team, with a focus on
operational effectiveness and exceptional client services, as we
continue to deliver against our strategic priorities for long-term
growth.”
Mr. Neff has over 30 years’ experience in financial services,
having held senior roles in wealth management, client services, and
business development functions. He began his career at Chemical
Bank’s Private Banking Group. Mr. Neff led the implementation of
the global wealth management client relationship model at
Citibank’s Private Bank before leaving the firm to establish
AnswerSpace Inc., a financial planning technology consultancy in
1998. He later founded Monetaire Inc., a leading provider of
financial planning and advice software that was acquired by the
RiskMetrics Group in 2004. At RiskMetrics, he initially served as
Global Head of Wealth Management rising to become Co-Head of the
firm’s Global Financial Risk Management business. Mr. Neff holds a
Bachelor of Arts from Middlebury College and a Master of Business
Administration from Columbia Business School.
Mr. Feldman has spent two decades working in the financial
services sector in London, New York and Bermuda. Prior to returning
to Bermuda to join Butterfield, Mr. Feldman was the Managing
Director and Head of Financial Institutions (North America) for the
Corporate Banking team at Deutsche Bank in New York. He also served
as Co-Head of the Insurance Council, focusing on increasing sales
and trading revenues with insurance companies by leveraging
relationships across the banking and markets teams. Mr. Feldman
started his career at HSBC where he spent 15 years working with
financial institution clients. He holds the Chartered Financial
Analyst designation and is a graduate of Lafayette College in
Easton, Pennsylvania.
Mr. Dallas has extensive experience in marketing strategy and
customer-led growth, and has led the marketing and communications
functions at Butterfield since 2020. A graduate of Brown
University, Kevin was a strategy consultant, Partner at Bain &
Company, and Chief Product & Marketing Officer at Worldpay plc
in London before returning home to Bermuda to lead the Bermuda
Tourism Authority from 2017 to 2020.
Forward-Looking Statements:
Certain of the statements made in this release are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements with respect to our beliefs, plans,
objectives, goals, expectations, anticipations, assumptions
estimates, intentions, and future performance, including, without
limitation, our intention to make share repurchases and our
dividend payout target, and involve known and unknown risks,
uncertainties and other factors, which may be beyond our control,
and which may cause the actual results, performance, capital,
ownership or achievements of Butterfield to be materially different
from future results, performance or achievements expressed or
implied by such forward-looking statements due to a variety of
factors, including worldwide economic conditions (including
economic growth and general business conditions) and fluctuations
of interest rates, inflation, a decline in Bermuda’s sovereign
credit rating, the successful completion and integration of
acquisitions (including our progress on subsequent closings of the
acquisition of trust assets from Credit Suisse) or the realization
of the anticipated benefits of such acquisitions in the expected
time-frames or at all, success in business retention (including the
retention of relationships associated with our Credit Suisse
acquisition) and obtaining new business, the impact of the COVID-19
pandemic, the success of our updated systems and platforms and
other factors. Forward-looking statements can be identified by
words such as "anticipate," "assume," "believe," "estimate,"
"expect," "indicate," "intend," "may," "plan," "point to,"
"predict," "project," "seek," "target," "potential," "will,"
"would," "could," "should," "continue," "contemplate" and other
similar expressions, although not all forward-looking statements
contain these identifying words. All statements other than
statements of historical fact are statements that could be
forward-looking statements.
All forward-looking statements in this disclosure are expressly
qualified in their entirety by this cautionary notice, including,
without limitation, those risks and uncertainties described in our
SEC reports and filings, including under the caption "Risk Factors"
in our most recent Form 20-F. Such reports are available upon
request from Butterfield, or from the Securities and Exchange
Commission ("SEC"), including through the SEC’s website at
https://www.sec.gov. Any forward-looking statements made by
Butterfield are current views as at the date they are made. Except
as otherwise required by law, Butterfield assumes no obligation and
does not undertake to review, update, revise or correct any of the
forward-looking statements included in this disclosure, whether as
a result of new information, future events or other developments.
You are cautioned not to place undue reliance on the
forward-looking statements made by Butterfield in this disclosure.
Comparisons of results for current and any prior periods are not
intended to express any future trends or indications of future
performance, and should only be viewed as historical data.
About Butterfield:
Butterfield is a full-service bank and wealth manager
headquartered in Hamilton, Bermuda, providing services to clients
from Bermuda, the Cayman Islands, Guernsey and Jersey, where our
principal banking operations are located, and The Bahamas,
Switzerland, Singapore and the United Kingdom, where we offer
specialized financial services. Banking services comprise deposit,
cash management and lending solutions for individual, business and
institutional clients. Wealth management services are composed of
trust, private banking, asset management and custody. In Bermuda,
the Cayman Islands and Guernsey, we offer both banking and wealth
management. In The Bahamas, Singapore and Switzerland, we offer
select wealth management services. In the UK, we offer residential
property lending. In Jersey, we offer select banking and wealth
management services. Butterfield is publicly traded on the New York
Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange
(symbol: NTB.BH). Further details on the Butterfield Group can be
obtained from our website at: www.butterfieldgroup.com.
BF-All
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version on businesswire.com: https://www.businesswire.com/news/home/20240115145368/en/
Investor Relations Contact: Noah Fields Investor
Relations The Bank of N.T. Butterfield & Son Limited Phone :
(441) 299 3816 E-mail : noah.fields@butterfieldgroup.com
Media Relations Contact: Nicky Stevens Group Strategic
Marketing & Communications The Bank of N.T. Butterfield &
Son Limited Phone: (441) 299 1624 E-mail:
nicky.stevens@butterfieldgroup.com
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