– BERMUDA, Hamilton – The Bank of N.T. Butterfield & Son Limited (NYSE: NTB | BSX: NTB) today announced that Mark Lynch, a former partner at Wellington Management Company has joined the Bank’s Board as an Independent Director, bringing the total number of directors to ten.
Michael Collins, Butterfield’s Chairman and CEO, said, “We are pleased to have Mark join our Board as an Independent Director. His background as a bank analyst and success as a portfolio manager complements the expertise of our effective and diverse Board, benefitting all our stakeholders.
“Under Mark’s leadership, Wellington Management was part of the investor group that participated in the Bank’s recapitalization in 2010. Mark has a deep understanding of our business and markets and recognizes the value and growth potential of our franchise. Our Board deliberations will benefit from his insight and industry perspective.”
About Mark Lynch
Mr. Lynch is a respected investment manager and analyst with a specialization in financial services. On June 30, 2019, he withdrew as a partner of Boston-based Wellington, where he had served as the firm’s senior financial services analyst since 1994 and a partner since 1996. He was also a portfolio manager of mutual funds, hedge funds, and institutional portfolios over that period.
Prior to joining Wellington, Mr. Lynch was a US regional bank analyst with Lehman Brothers and Bear Stearns.
Mr. Lynch is also a director of Dads’ Resource Center in State College, Pennsylvania. He holds a degree in European History from Harvard College.
Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH).
FOr more, visit www.butterfieldgroup.com.
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