Butterfield Bank is entering the Swiss private banking market with its establishment of a new wholly owned subsidiary in Switzerland.
“We have chosen to enter the Swiss private banking arena by the establishment of Butterfield Asset Management (Switzerland) Limited in Zurich.” says Graham Brooks, the Executive Vice President at Butterfield Bank. “It is a logical extension to the service which we provide in London through Butterfield Private Bank and also through our well-established business in Guernsey, Channel Islands.”
Iain Little will be the first Managing Director of Butterfield Bank’s Swiss based asset management company. Little is a former head of Geneva-based Pictet & Cie’s UK private clients business where he was responsible for asset allocation and fund selection.