Butterfield completes ABN Amro Channel Islands takeover

Pedro Gonçalves
clock • 1 min read

The Bank of N.T. Butterfield & Son Limited (Butterfield) has closed the purchase of ABN Amro Channel Islands after securing regulatory approval. ABN AMRO CI has been renamed Butterfield Bank (Channel Islands) Ltd, the company announced. ABN Amro Channel Islands provides investment management, banking and custody products. It had £3.5bn in assets under management and custody at the end of December 2018. Under the agreement, the business will be completely integrated with Butterfield Bank (Guernsey) in the coming 12 months.  Michael Collins, Butterfield's chairman and chief executive...

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