HAMILTON, Bermuda–(BUSINESS WIRE)–The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB) (BSX: NTB) today announced that it has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions (“GTS”) business, excluding its US operations. Terms of the agreement were not disclosed.

Upon completion of the transaction, which is subject to regulatory approvals, Butterfield will take over the ongoing management and administration of the GTS portfolio, comprising approximately 1,000 trust structures for some 900 private clients. Butterfield is also offering positions to all employees who are fully dedicated to GTS in the Cayman Islands, Guernsey, Switzerland, Singapore and Mauritius. This will ensure continuity of service for clients.

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The 5th Annual Andros Business Outlook to be held October 26, 2017 at the Dreams Villas in Davis Creek will be under the theme ‘Break Barriers! Promote Success’.

Attendees will hear from speakers including: Peter Douglas, general manager for The Bahamian Ministry of Tourism in North and Central Andros; Jeff Birch, a past president of the Bahamas Out Island Promotion Board and now owner of Small Hope Bay Lodge in Fresh Creek Andros; Kerry Fountain, executive director, Bahamas Out Island Promotion Board; Carlton Bowleg, MP and Parliamentary Secretary, Ministry of Agriculture & Marine Resources; Brian Hew, owner of Kamalame Cay; Brett Lashley from the Office of The Prime Minister; Scott Young, sales and charters, Tropic Ocean Airways; Wellington Miller, president, Bahamas Olympic Committee and Kimberley Castellanos, social media coordinator, Tambourine.

Andros is one of seven islands that comprise the Bahamas Outlook series. The other islands are: Eleuthera, New Providence, Grand Bahama, Long Island, Exuma and Abaco.

The Minister of Labour Dion Foulkes (pictured) met with chairman of the Clearing Banks Association Ian Jennings and representatives of the six Clearing Banks in The Bahamas namely RBC Finco, Scotiabank, Fidelity Bank, Commonwealth Bank, Bank of The Bahamas and CIBC First Caribbean Bank 19 October, 2017 at the Ministry of Labour.

Also in attendance were The Bahamas Chamber of Commerce and Employers Confederation, the Trade Union Congress and the National Congress of Trade Unions, the Prices Commission, the Consumer Protection Commission and The Bahamas Bureau of Standards and Quality Services.

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Deputy Prime Minister and Minister of Finance Peter Turnquest signed the Protocol to Amend the Tax Information Exchange Agreement between the government of The Bahamas and the government of the Republic of Finland concerning information on tax matters at the Ministry of Finance, October 19, 2017.

Ambassador of Finland to the Caribbean Jukka Pietikäinen signed on behalf of the European nation.

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Pictured: Bahamas Attorney General and Minister of Legal Affairs Carl Bethel, addressed Opening Ceremony of the 2017 Commonwealth Law Ministers Meeting held at Baha Mar Convention Centre, October 16, 2017. (BIS Photo/Derek Smith)

Under the theme ‘Strengthening the Rule of Law Through Technology’, Bahamas Attorney General and Minister of Legal Affairs Carl Bethel, welcomed and addressed 52 attorneys general, law ministers, and delegates to the 2017 Meeting of Commonwealth Law Ministers, October 16, 2017 at the official opening ceremony at Baha Mar’s Convention Centre.

He said The Bahamas is pleased to host the meetings, bringing together a wealth of the strongest legal minds connected under the auspices of Great Britain’s network of nations.

“The meetings, which bring together attorneys general and law ministers from the 52 Commonwealth countries, are intended to facilitate discussions on legal and administrative issues of concern to member countries, and to the broader Commonwealth of nations and international community,” said the Attorney General.

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Preliminary indications are that domestic economic growth remained relatively subdued during the review month, reflecting the sustained softness in tourism; although activity in the construction sector continued to be supported by foreign investment-related projects and ongoing hurricane reconstruction work. In the monetary sector, both liquidity and external reserves rose robustly, buoyed by the receipt of proceeds from the Government’s external loan.

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Pictured: Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson addresses a press conference at Pelican Bay resort, October 16, 2017, to announce dates and plans for the upcoming Technology Summit, to be held in Grand Bahama November 9-10, 2017. (BIS Photo/Andrew Miller)

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson says he plans to make Grand Bahama the centre of a technology hub in The Bahamas.

The Minister’s remarks came during a press conference at Pelican Bay resort October 16, 2017 to announce a technology conference in Grand Bahama November 9-10, 2017 at the Grand Lucayan.

“The technology industry can become a third pillar of our economy,” said Minister Thompson. “And that can begin right here in Grand Bahama. For years, we in Grand Bahama have been searching for industries which can diversify our economy and today is a very important step in that process.”

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Pictured: BIFS executive director Kim Bodie (right) presents Crestwell Gardiner vice president of Fidelity Bank with the Floating Trophy. (Photo courtesy BIFS)

More than 150 financial professionals received accolades for their accomplishments at the 41st (BIFS) Annual Awards Ceremony at The Balmoral Club September 30, 2017.

Overall, 162 awardees were awarded for completion of programmes including formally-structured programmes and professional certification programmes.

Recipients reached beyond the financial arena and into other sectors including: the gaming, retail, government, education, hotel and medical sectors.

This year, the Institute had a number of achievements according to Jane Major, chairperson of the Education Committee.

“The institute has been able to complete its registration with the National Accreditation Equivalency Council (NAECOB),” she said. “This represents the first step towards the five-year process in obtaining the national accreditation.”

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Oct 11, 2017 (Bernews) – EY was recently honored as “Accounting Firm of the Year” at the Reactions North America Awards.

David Brown, Senior Partner of EY Bermuda Ltd. and Insurance Leader for Bermuda, Bahamas, the Cayman Islands and British Virgin Islands, accepts the 2017 “Accounting Firm of the Year” Award in New York.

“It was an honor to accept this award on behalf of EY and our global insurance and financial services practice,” David Brown said.

This is an excerpt from Bernews as it appeared on October 13, 2017. For updates or to read the current version of this post in its entirety, please click here.

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