Guernsey: Butterfield Bank Guernsey Expands Its Services For Family Offices
Last Updated: 17 April 2007

February 2007, Butterfield Bank Guernsey announces its range of services specifically tailored to meet the needs of Family Offices.

Family Offices in many respects are self sufficient in a number of the wealth management disciplines required to create and implement a stable, effective, generational wealth planning strategy. However, certain key technical areas require the support of other Professionals and Organizations to provide the administration of structures that underpin the Family Office’s day to day activities.

Butterfield Bank Guernsey delivers these services through a personalised process of planning, implementation, reporting, education and sharing of knowledge. A key element is working seamlessly with third parties, including the Family Office’s tax and legal advisers, wherever they are located in the world. Being Guernsey based also allows Butterfield Bank Guernsey to hold the Family’s assets in a stable, well regulated jurisdiction.

Key financial services that Butterfield Bank Guernsey offer to Family Offices:

  • Trusteeship
  • Administration of Private Trust Companies
  • Company Administration (including Protected Cell Companies and Incorporated Cell Companies)
  • Custody Services
  • Fund administration
  • Lending, treasury and banking services
  • Internet banking
  • Investment Advisory services

Butterfield Bank recognises the need to deliver these services through Senior Professionals with "hands on" experience of the needs of a family office and have appointed Karen Winter from within its Senior Team to head up this area. Karen has been with the Butterfield Group in Guernsey for more than ten years, covering many of these key service areas.

Karen will promote Butterfield Bank Guernsey’s key services for the Family Office and provide technical support to Family Offices particularly during the early stages where consideration is being given to suitable structures to accommodate a wide variety of asset classes.

Bob Moore, Managing Director, Butterfield Bank Guernsey comments:

"With the significant increase in the numbers of Family Offices, we believe that many of them will appreciate the support of an organization which has long experience of working with single and multi-Family Offices and has an in-depth understanding of their ethos and their requirements.

"We are delighted that Karen will be driving forward the development of our services for Family Offices affording them the benefit of our expertise and advice coupled with the assurance that they are dealing with an organisation with over 30 years experience in the Guernsey financial services market."

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