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25 November 2010
Butterfield Names Raymond Sykes Managing Director in UK

Hamilton, Bermuda – 25 November 2010: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that it has appointed Raymond Sykes Managing Director of its London-based subsidiary, Butterfield Bank (UK) Limited. In this capacity, Mr. Sykes will have management responsibility for Butterfield’s private banking operations in the United Kingdom.

Mr. Sykes joined Butterfield in September 2002, following 28 years with Clydesdale Bank in London and Scotland. He most recently held the posts of Acting Managing Director and Director and Head of Private Banking at Butterfield. Mr. Sykes is an associate of the Chartered Institute of Bankers in Scotland, Deputy Chairman of the Bermuda Society and a Trustee of the Bermuda Institute of Ocean

Bradford Kopp, Butterfield’s President & Chief Executive Officer, said, “Raymond is a well-respected career banker who has done an outstanding job running our UK operations as Acting Managing Director for the past five months. We are pleased that he has agreed to take on the role of Managing
Director permanently. Our businesses and valued clients in London will continue to benefit from his leadership and expertise in private banking.”

Headquartered in Bermuda, the Butterfield Group provides financial services to clients in seven jurisdictions. Butterfield Private Bank in London specialises in advisory services and bespoke financial solutions for high net worth individuals and their families, encompassing banking, treasury, lending and discretionary asset management.

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Notes to Editors:
The Bank of N.T. Butterfield & Son Limited (“Butterfield”) is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. In the
wealth management area, the Group provides private banking, asset management, investment advisory and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom. Butterfield also provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, the Cayman Islands and Guernsey, which include asset management and corporate trust services. Butterfield is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on the Butterfield Group can be obtained from our website at:
Media Relations Contacts:
Mark Johnson




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