Butterfield Bank (Cayman) Limited has been named Bank of the Year 2009 by The Banker magazine. Since the inception of the award in the Cayman Islands in 2002, Butterfield has received the award three times – in 2002, 2004 and 2006.
In selecting the winners, The Banker’s global editorial team considered not only financial performance, but also strategic initiatives, innovative use of technology and commitment to human resources initiatives. The entries are judged on performance over the past year, as well as the strength of the banks’ position for the future.
Butterfield received recognition for its continued strong financial performance, focus on innovation and cus-tomer satisfaction across an array of financial services and delivery channels and investment in employees’ training and development.
Managing Director Conor O’Dea said: “Despite the economic challenges that our industry and the world face, Butterfield remains focused on building for the future to ensure that we deliver world-class products and services for our customers.
“Our major investment in our ‘One Butterfield’ project to transition and transform our information technol-ogy platform and functionality for service delivery is tangible evidence of our forward-looking commitment to deliver to our customers and the jurisdictions in which we operate,” he added.