Trust Companies
High Net Worth Guide 2024 : Bermuda
Spotlight
About
Provided by Butterfield Trust Group
Firm Overview
Butterfield Trust has been in the business of establishing and administering fiduciary structures for our clients since the advent of international trust legislation more than 80 years ago, and delivers services to international clients through independent companies based in Bermuda, The Caribbean (The Bahamas and the Cayman Islands), Guernsey, Singapore and Switzerland, which together have responsibility for USD 131.1 billion in assets. Butterfield Trust operates as a genuinely independently minded fiduciary specialist but benefits from the financial strength, substance and disciplines of the Butterfield Group.
Main Areas of Practice
Private client services
Our services are carefully crafted to meet specific requirements and to take advantage of the unique solutions and legislation available in our key locations globally. They include:
- Trusts
- Discretionary
- Charitable
- Purpose
- Reserved/Directed Powers
- STAR (Cayman Islands)
- Shariah Compliant
- Company Formation and Administration
- Partnerships
- Private Trust Companies
- Foundations
Institutional client services
Our services for institutional clients are equally tailored to respond to specific requirements from our key locations. They include:
- Trusts / Purpose
- Partnerships
- Investment Companies
- Employee Benefit Trusts
- Unit Trusts
- Segregated Account Companies
- Private Funds
- Tailored Administration Arrangements
Chambers Review
Butterfield is headquartered in Bermuda and is one of the leading banks and fiduciary businesses across the Caribbean. It also has a notable presence in the Channel Islands and Singapore.
Strengths
Provided by Chambers
"By far the largest institutional business in Bermuda, they are the most important company on the island. They do a very good job."
"They are very strong on the island with a great book of business. What I like about them is that even though they are bank-owned, they don't mandate banking with them to avail of their trust services."
"By far the largest institutional business in Bermuda, they are the most important company on the island. They do a very good job."
"They are very strong on the island with a great book of business. What I like about them is that even though they are bank-owned, they don't mandate banking with them to avail of their trust services."
Members
Provided by Butterfield Trust Group
John Richmond
Head of Department