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Butterfield Bahamas gets new marketing VP

The Bank of NT Butterfield & Son yesterday announced that Ron Schmalcel, who is currently vice president and head of corporate trust at Butterfield Trust (Bermuda), will relocate to Butterfield’s Nassau, Bahamas, office to take on the senior group role of VP of marketing & product/service development for corporate trust services. 

Source:
Date:
Updated:
Bernews.com
Tuesday, February 26, 2013
Tuesday, February 26, 2013

The Bank of N.T. Butterfield & Son Limited today announced that Ron Schmalcel, who is currently Vice President and Head of Corporate Trust at Butterfield Trust [Bermuda] Limited [a wholly owned subsidiary of the Bank], will relocate to Butterfield’s Nassau, Bahamas office to take on the senior Group role of Vice President of Marketing & Product/Service Development for Corporate Trust services.

In this capacity, Mr. Schmalcel will be responsible for service delivery to existing institutional clients and the development of new Corporate Trust and related business opportunities, promoting the multijurisdictional capabilities of the Butterfield Group. He will work closely with the Corporate Trust specialists in utterfield Trust’s Bermuda, Bahamas, Cayman, and Guernsey offices.


Corporate Trust services include a wide variety of solutions to meet the specific requirements of institutional clients, including International Pension Funds, Employee Benefit Trusts, and provision of Unit Trust Trusteeship for certain investment fund structures. Mr Schmalcel is an active member of the Society of Trust and Estate ractitioners. He practiced tax and estate planning in Canada for more than a decade before being appointed to senior roles in the fiduciary industry in The Bahamas. He joined Butterfield in Bermuda in 2008.

Bob Moore, Executive Vice President & Head of Group Trust, said: “Ron’s appointment to this senior role underlines our commitment to institutional clients and their wide-ranging fiduciary service requirements.

“His experience will allow us to concentrate in more depth on the particular specialist needs of institutional clients internationally and on harnessing the capabilities of our offices, particularly in Bermuda, the Cayman Islands, The Bahamas, and Guernsey, to meet these needs. This involves the continual refinement of products and services to ensure that our offer remains appropriate and innovative in this ever-changing market.”

This is an excerpt from Bernews.com as it appeared on February 26, 2013. For updates or to read the current version of this post in its entirety, please click here.

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Prime Minister Perry Christie has said that the government is committed to marketing the Baha Mar resort, tapping new markets and allocating funding. Watch ZNS news report here.

Prime Minister Perry Christie has announced that there will be no tax increases in this budget. However, the government will seek to introduce VAT next year and will seek to borrow around $100 million.

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