American Express – Butterfield Pronounces Board Adjustments | Enterprise Wire

HAMILTON, Bermuda–(BUSINESS WIRE)–The Bank of N.T. Butterfield & Son Restricted (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) at this time introduced that Sonia Baxendale has joined the Board as an Impartial Director.

Ms. Baxendale is an completed govt with in depth retail banking and wealth administration management expertise. She has held senior management roles inside Canadian Imperial Bank of Commerce (“CIBC”), together with six years as Senior Government Vice President and President of Retail Banking and Wealth Administration with duty for 28,000 workers serving 11 million purchasers in Canada, in addition to funding administration and enterprise banking providers for purchasers within the Caribbean, China and Singapore. Throughout her time at CIBC, Ms. Baxendale additionally served as Government Vice President Asset Administration, Card Merchandise & Collections, Government Vice President International Personal Banking & Funding Administration, and Managing Director of CIBC Wooden Gundy, the bank’s retail brokerage arm. Ms. Baxendale is at present the President and CEO of the International Danger Institute (“GRI”), a suppose tank and consultancy that gives thought management and actionable insights on rising dangers inside the world monetary providers trade. Previous to becoming a member of CIBC, Ms. Baxendale held progressively senior positions with Saatchi & Saatchi and American Express Canada.

Ms. Baxendale serves on the boards of Foresters Monetary, Laurentian Bank of Canada, and RSA Insurance coverage Group, and is the Chair of the Board of SickKids Basis and a member of the Board of Trustees for Toronto’s Hospital for Sick Youngsters. She holds a Bachelor of Arts in Political Science and Economics from Victoria Faculty, College of Toronto.

Michael Collins, Butterfield’s Chairman and Chief Government Officer, stated, “Sonia is an experienced corporate director who has served in executive leadership roles for one of North America’s leading banks. She has a deep understanding of the retail banking business and wealth management internationally, including relevant experience in the Caribbean. As the CEO of GRI, she brings additional useful insight of emerging risk factors affecting the global financial services industry. Her perspective will be invaluable to Butterfield as we continue to pursue growth and build sustainable value for shareholders as the world’s leading independent offshore bank and trust company. We are pleased to welcome Sonia to our Board.”

Ms. Baxendale’s appointment coincides with the departure of Leslie Godridge, who’s stepping down from the Board to pursue different alternatives.

Mr. Collins continued, “I would like to thank Leslie for her service to Butterfield as a Director and wish her the best in her future endeavors.”

Ahead-Trying Statements:

Sure of the statements made on this launch are forward-looking statements inside the which means of the U.S. Personal Securities Litigation Reform Act of 1995. You’ll be able to determine these forward-looking statements via our use of phrases similar to “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and different comparable phrases and expressions of the longer term. Ahead-looking statements embrace statements with respect to our beliefs, plans, aims, targets, expectations, anticipations, assumptions, estimates, intentions, and future efficiency, and contain recognized and unknown dangers, uncertainties and different elements, which may be past our management, and which may trigger the precise outcomes, efficiency, capital, possession or achievements of the Bank to be materially totally different from future outcomes, efficiency or achievements expressed or implied by such forward-looking statements because of a wide range of elements, together with the impression of the COVID-19 pandemic, the scope and length of the pandemic, actions taken by governmental authorities in response to the pandemic, worldwide financial situations and fluctuations of rates of interest, the profitable completion and integration of acquisitions or the belief of the anticipated advantages of such acquisitions within the anticipated time-frames or in any respect, success in enterprise retention and acquiring new enterprise and different elements. All statements apart from statements of historic truth are statements that may very well be forward-looking statements.

All forward-looking statements attributable to us are expressly certified of their entirety by this cautionary discover, together with, with out limitation, these dangers and uncertainties described in our Securities and Change Fee (“SEC”) experiences and filings. Such experiences can be found upon request from the Bank, or from the SEC, together with via the SEC’s web site at https://www.sec.gov. Besides in any other case required by regulation, Butterfield assumes no obligation and doesn’t undertake to overview, replace, revise or right any of the forward-looking statements included herein, whether or not on account of new data, future occasions or different developments. Readers are cautioned to not place undue reliance on these forward-looking statements that talk solely as of the date hereof.

About Butterfield:

Butterfield is a full-service bank and wealth supervisor headquartered in Hamilton, Bermuda, offering providers to purchasers from Bermuda, the Cayman Islands, Guernsey and Jersey, the place our principal banking operations are situated, and The Bahamas, Switzerland, Singapore and the UK, the place we provide specialised monetary providers. Banking providers comprise deposit, cash administration and lending options for particular person, enterprise and institutional purchasers. Wealth administration providers are composed of belief, personal banking, asset administration and custody. In Bermuda, the Cayman Islands and Guernsey, we provide each banking and wealth administration. In The Bahamas, Singapore and Switzerland, we provide choose wealth administration providers. Within the UK, we provide residential property lending. In Jersey, we provide choose banking and wealth administration providers. Butterfield is publicly traded on the New York Stock Change (image: NTB) and the Bermuda Stock Change (image: NTB.BH). Additional particulars on the Butterfield Group will be obtained from our web site at: www.butterfieldgroup.com.