Butterfield Bank has released its 2006 Report, including a Jurisdictional Overview of its Bahamas operations. The Bahamas was credited with generating “strong growth”, as well as local and international recognition. This, the report said, was achieved through focused business development and targeted marketing of bespoke financial and fund administration services.
*“The increase in the loan book of over 160% was a notable success, reflecting growth in our international mortgage products.”*
**Butterfield Bank (Bahamas) Limited** delivers a wide range of private wealth management solutions, promoting the “Butterfield Advantage” of professional, courteous and knowledgeable staff; provision of a dedicated relationship manager; commitment to customer service excellence; tailored wealth management solutions; efficient and effective handling of all client transactions; and the ability to handle clients’ financial affairs within a premier financial institution.
The Annual Report also spoke to the growth in fund administration business, particularly for the innovative SMART© Funds. Butterfield says new business was attracted by The Bahamas’ progressive investment fund legislation.
*“The Bahamas has taken a progressive approach to fund legislation. The Investment Funds Act 2003 positions the country at the leading edge of modern investment fund administration.”*
**The Butterfield Fund Services** Bahamas team maintains that their commitment to providing the highest level of fund administration coupled with the country’s progressive approach to legislation, continues to make The Bahamas one of the most competitive international financial services centres.