Speaking at the Bahamas International Investment & Business Forum last week, former chief executive officer of the Bahamas Financial Services Board and managing director of financial services group Caystone Solutions Wendy Warren said that the jurisdiction has an edge over its competitors in terms of location, infrastructure and history. (Photo Harry Cutting/©Dupuch)

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.