– BERMUDA, Hamilton – The Bank of N.T. Butterfield & Son Limited (NYSE: NTB | BSX: NTB.BH) today announced the appointment of Sonia Baxendale to its Board as an Independent Director.
“Sonia is an experienced corporate director who has served in executive leadership roles for one of North America’s leading banks. She has a deep understanding of the retail banking business and wealth management internationally, including relevant experience in the Caribbean. As the CEO of GRI, she brings additional useful insight of emerging risk factors affecting the global financial services industry. Her perspective will be invaluable to Butterfield as we continue to pursue growth and build sustainable value for shareholders as the world’s leading independent offshore bank and trust company. We are pleased to welcome Sonia to our Board.” said Chairman and CEO, Michael Collins.
The company also announced the departure of Leslie Godridge, who is stepping down from the Board to pursue other opportunities.
Mr. Collins continued, “I would like to thank Leslie for her service to Butterfield as a Director and wish her the best in her future endeavors.”
About Sonia Baxendale
Ms. Baxendale is an accomplished executive with extensive retail banking and wealth management leadership experience. She has held senior leadership roles within Canadian Imperial Bank of Commerce, including six years as SVP and President of Retail Banking and Wealth Management with responsibility for 28,000 employees serving 11 million clients in Canada, as well as investment management and business banking services for clients in the Caribbean, China and Singapore. During her time at CIBC, Ms. Baxendale also served as EVP, Asset Management, Card Products & Collections, EVP, Global Private Banking & Investment Management, and Managing Director of CIBC Wood Gundy, the bank’s retail brokerage arm.
Ms. Baxendale is currently the President and CEO of the Global Risk Institute, a think tank and consultancy that provides thought leadership and actionable insights on emerging risks within the global financial services industry. Prior to joining CIBC, Ms. Baxendale held progressively senior positions with Saatchi & Saatchi and American Express Canada.
Ms. Baxendale serves on the boards of Foresters Financial, Laurentian Bank of Canada, and RSA Insurance Group, and is the Chair of the Board of SickKids Foundation and a member of the Board of Trustees for Toronto’s Hospital for Sick Children. She holds a Bachelor of Arts in Political Science and Economics from Victoria College, University of Toronto.
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 information : https://www.butterfieldgroup.com/
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