Butterfield Bank announced today that it is entering the Swiss private banking market with the establishment of a new wholly owned subsidiary in Zurich.
The move expands the bank's long-established presence as a specialist offshore financial services provider from its headquarters in Bermuda, and its subsidiary offices in the Cayman Islands, Guernsey, the Bahamas and the United Kingdom.
According to Butterfield Bank Managing Director Conor O’Dea, the formation of Butterfield Asset Management (Switzerland) Limited is in line with the Bank’s strategy of increasing its European Private Banking presence and capability.
“It is a logical extension to the service that we provide in London through Butterfield Private Bank and also through our well-established business in Guernsey, Channel Islands," he explained.
The bank has chosen Iain Little as the first Managing Director of Butterfield Bank’s Swiss based asset management company.
Little is a former head of Geneva-based Pictet & Cie’s UK private clients business, where he was responsible for asset allocation and fund selection. He also co-founded P&C Global Wealth Managers SA, in Zurich six years ago, and was a Divisional Director of International Business Development for Edinburgh Fund Managers plc.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment