Butterfield expands

The Bank of N.T. Butterfield & Son Limited (Butterfield Bank) has established Butterfield International Private Office Limited in London as part of its expanding wealth management business.

Butterfield International Private Office Limited will concentrate on client acquisition for the group’s network of trust businesses, comprising offices in Bermuda, Cayman, Guernsey, Hong Kong, Switzerland, Malta and The Bahamas, states a press release.

Providing independent fiduciary and asset structuring services to international families, with emphasis on the use of private trust companies, will be central to the company’s value proposition.

Katie Booth, who is a qualified trust lawyer with 15 years experience in both the UK and The Bahamas, has been appointed managing director of Butterfield International Private Office.

Ms Booth joins Butterfield Bank Group after seven years at Rothschild Trust in London, where she was an executive director.

Butterfield Bank Group recently announced the expansion of its Swiss presence by the establishment of Butterfield Trust (Switzerland) based in Geneva and acquired the Bentley Reid Group, with offices in London, Hong Kong and Malta.