The Bank of N.T. Butterfield & Sons Ltd.

The Bank of N.T. Butterfield & Sons Ltd.

The Bank of N.T. Butterfield & Sons Ltd.

Overview
Date Founded

1858

Headquarters

65 Front Street,Hamilton HM 12

Type of Company

Public

Employees (Worldwide)

1,314

Industries

Retail & Commercial Banking
Investment Services & Portfolio Management

Company Description

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Guernsey, The Bahamas, Switzerland, and the United Kingdom. The Bermuda and the Cayman Islands segment offers a range of retail and corporate banking services to individuals, local businesses, captive insurers, reinsurance companies, trust companies, and hedge funds. The Guernsey, The Bahamas, and Switzerland Bank segment provides wealth management only. The United Kingdom segment gives wealth management to individuals, family offices, and institutional and corporate clients. It also provides residential property lending services. The company was founded in 1858 and is headquartered in Hamilton, Bermuda.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

President & Chief Operating Officer

Group Chief Financial Officer & Executive Director

Group Chief Legal Officer & General Counsel

Group Chief Risk Officer

Group Head of Compliance & Operational Risk

Group Head-Marketing & Communications

Group Head of Internal Audit

Group Head of Trust

Group Head of Human Resources

Board of Directors

Chairman & Chief Executive Officer at The Bank of N.T. Butterfield & Sons Ltd.

President & Chief Executive Officer at Global Risk Institute in Financial Services

Founder at Dandelion Chandelier LLC

Former Executive Vice President & Chief Operating Officer at Northern Trust Corporation

Managing Director at The Carlyle Group LP (Global Private Equity)

Former Head-Financial Services at KPMG UK Ltd.

Vice Chairman at Island Heritage Holdings Ltd.

Fund Advisor at Jennison Associates LLC

Group Chief Financial Officer & Executive Director at The Bank of N.T. Butterfield & Sons Ltd.

Former Managing Director at Goldman Sachs & Co. LLC

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Owners & Shareholders
Details Hidden

David Advisors Davis Advisors manages client accounts using the following investment strategies: Large-Cap Value, Concentrated Equity, Multi-cap Equity, Financial services, International Companies, Global Companies, Real Estate Companies, Appreciation and Income, Government Securities, and Government Money Market Funds. The firm conducts extensive research to try to identify businesses that possess characteristics they believe foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Davis Advisors seeks to invest in such businesses when they are trading at discounts to their intrinsic worth. Their goal is to invest for the long-term. They consider selling securities if the market price exceeds their estimate of intrinsic value, or if the ratio of the risks and rewards of continuing to own the company’s securities is no longer attractive.

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Grandeur Peak employs a bottom-up investment approach that is based on disciplined global screening, rigorous company due diligence and emphasis on valuation. They are long-term investor that seeks to identify and invest in companies that have the potential for significant growth potential over the next 5 years or more. The firm’s primary focus is on publically traded micro- to mid-cap companies ($50 million-$10 billion in market-cap), but they may purchase small- and larger-cap companies as well. Grandeur Peak prefers to invest in best-in-class growth companies that are relatively undiscovered and also looks for “fallen angels” e.g., growth companies that have hit a bump in the road, but which the firm believes can regain their footing and return to growth. The portfolios are invested in companies domiciled in developed, emerging, and frontier markets. The firm does not use allocation models to restrict investments to certain regions, countries, or industries.

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Rovida Advisors, Inc. is a hedge fund manager headquartered in Newark, New Jersey.

Recent Transactions
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The Bank of N.T. Butterfield & Sons Ltd., Butterfield Bank (Guernsey) Ltd. purchase ABN AMRO (Channel Islands) Ltd. from ABN AMRO Group NV resulting in a new company Butterfield Bank (Channel Islands) Ltd.

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The Bank of N.T. Butterfield & Sons Ltd. purchases Deutsche Bank AG /Global Trust Solutions Business from Deutsche Bank AG

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The Bank of N.T. Butterfield & Sons Ltd. purchases Deutsche Bank AG /Banking & Custody Business from Deutsche Bank AG

Transaction Advisors
Auditor

Advised onThe Bank of N.T. Butterfield & Sons Ltd. issued . USD Common Shares

Underwriter

Advised onThe Bank of N.T. Butterfield & Sons Ltd. issued . USD Common Shares

Underwriter

Advised onThe Bank of N.T. Butterfield & Sons Ltd. issued . USD Common Shares

Legal Advisor

Advised onThe Bank of N.T. Butterfield & Sons Ltd. issued . USD Common Shares

Legal Advisor

Advised onThe Bank of N.T. Butterfield & Sons Ltd. issued . USD Common Shares

Legal Advisor

Advised onThe Bank of N.T. Butterfield & Sons Ltd. purchases Bermuda Trust Co. Ltd. from HSBC Holdings Plc

Advisors & Consultants
Legal Advisor

Partner at Davis Polk & Wardwell LLP

Legal Advisor

Partner at Skadden, Arps, Slate, Meagher & Flom LLP

Legal Advisor

Partner at Skadden, Arps, Slate, Meagher & Flom LLP

Key Stats and Financials As of 2020
Market Capitalization
$2.08B
Total Enterprise Value
$-1.08B
Earnings Per Share
$2.91
Revenue
$537M
Net Profit
$147M
Total Debt
$216M
Total Equity
$982M
Enterprise Value / Sales
-2.01x
TEVNet Income
-7.34x
Debt TEV
-0.2x
Three Year Compounded Annual Growth Rate Of Revenue
4.73%
Investments
Details Hidden

Mitsubishi UFJ Fund Services provides fund administration services. Its firm offers fund administration platform for hedge funds, fund of funds, private equities, real estate, and family offices. The company is headquartered in Hamilton, Bermuda.

Competitors
Royal Bank of Canada Retail & Commercial Banking - Toronto, Canada

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.

Northern Trust Corporation Investment Services & Portfolio Management - Chicago, IL

Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management. The Corporate & Institutional Services Segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. Northern Trust was founded in 1971 and is headquartered in Chicago, IL.

Credit Suisse Group AG Investment Banking & Brokerage - Zurich, Switzerland

Credit Suisse Group AG is holding company, which engages in the provision of financial services. It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers comprehensive advice and financial solutions to private, corporate, and institutional clients in Switzerland. The International Wealth Management segment gives advisory services, and tailored investment and financing solutions to wealthy private clients and external asset managers in Europe, the Middle East, Africa, and Latin America. The Asia Pacific segment comprises of wealth management, financing, and underwriting activities. The Investment Banking and Capital Markets segment covers investment banking services to corporations, financial institutions, and financial sponsors. The company was founded by Alfred Escher on July 5, 1856 and is headquartered in Zurich, Switzerland.

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