Search results for : butterfield
Butterfield Focuses On 'Loyal' Clients
December 07, 2012
Butterfield Focuses On 'Loyal' Clients
A senior Butterfield executive says the institution plans to focus strongly on its existing and loyal clients in The Bahamas following a rebranding in the country.
Ian Fair, the bank's deputy chairman, said Butterfield Trust (Bahamas) Limited always has an eye for new business, particularly in the developing world.
Butterfield has 'turned the corner'
March 09, 2012
Butterfield has 'turned the corner'
Butterfield Bank (Bahamas) is going back to what it does best, according to the deputy chairman.
Ian Fair told Guardian Business Butterfield's rebound into profitability detailed in the 2011 annual financial statements is proof that better times are ahead. The institution recorded a $2,000 net profit for last year, an improvement over nearly $4 million in losses up until December 31, 2010.
Fair ca...
Butterfield reverses losing trend for 8M Q1 profit
May 13, 2011
Butterfield reverses losing trend for 8M Q1 profit
Following two years of net losses in the hundreds of millions, the parent company of Butterfield Bank (Bahamas) Limited is beginning to yield profits again, posting net income of $8.4 million for the first quarter of 2011.
The Bahamas was able to contribute about $0.6 million in net income for the period ended March 31, a turnaround from the same period in 2010 when Butterfield (Bahamas) posted a...
PTC business booming at Butterfield
May 13, 2011
PTC business booming at Butterfield
On the scene for about five years now, private trust companies (PTCs) are growing in importance to trust and fiduciary service providers in The Bahamas, with a local trust services provider saying they are leading business growth.
“It’s probably our number one growth area in the trust business, and it certainly looks likely to be that way this year too,” Julien Martel, director a...
March 29, 2011
Butterfield makes changes to senior management structure
Butterfield Bank (Bahamas) Limited has announced a number of changes to the structure of its senior management team, with current Managing Director Robert Lotmore taking the reigns as chairman of the board.
That change will take effect from June 1, 2011, with Julien Martel, head of Butterfield’s trust and fiduciary services business in The Bahamas, now stepping into Lotmore’s former r...
Butterfield unveils management move
March 28, 2011
Butterfield unveils management move
Butterfield Bank (Bahamas) yesterday announced that, with effect from June 1, 2011, current managing director Robert Lotmore will take over the position of chairman of the bank's Board.
Julien Martel, who is currently head of Butterfield's trust and fiduciary services business in the Bahamas, has been appointed as managing director to replace Mr Lotmore.
In his new role as chairman, Mr Lotmore w...
Bahamas contributes 4m to Butterfield's net loss
March 03, 2011
Bahamas contributes 4m to Butterfield's net loss
Bank of NT Butterfield & Son Limited posted another annual net loss over $200 million, with The Bahamas division of its operations kicking in $3.96 million to the net loss.
The consolidated net loss for the Bermuda-based bank for the year ended December 31, 2010 was $207.6 million, about 3 percent less than the previous year’s loss of $213.4 million. Locally Butterfield went through some do...
Butterfield in further downsizing
December 01, 2010
Butterfield in further downsizing
By NEIL HARTNELL
Tribune Business Editor
Butterfield Bank (Bahamas) has laid-off nine staff members, and is "likely" to release another eight-nine by March 31 next year, as part of a restructuring exercise that will ultimately close its investments, banking and credit departments, Tribune Business can reveal.
Ian Fair, Butterfield Bank (Bahamas) deputy chairman, confirmed the developments when ...
November 06, 2023
Launch of the 3rd Gender-Based Violence (GBV) Family Island Coordination Council by the Department of Gender and Family Affairs, Ministry of Social Services
The Ministry of Social Services, Information & Broadcasting's, Department of Gender & Family Affairs, launched its 3rd Gender-Based Violence Prevention Family Island Coordination Council (FICC) at St. Andrews Anglican Church Community Centre, George Town, Exuma, October 27, 2023. Council Members were inducted from Exuma and Ragged Island.
Obediah Hercules Wilchcombe
October 12, 2023
Obediah Hercules Wilchcombe
State Funeral service for The Honorable Obediah Hercules Wilchcombe, Member of Parliament and Cabinet Minister in the Commonwealth of The Bahamas age 64 years, a resident of Nassau, Bahamas and Freeport, Grand Bahama, will be held at 11am, on (TODAY) Thursday, October 12th, 2023, at Christ Church Cathedral, George Street, Nassau, New Providence. Officiating will ...
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