BUTTERFIELD WELCOMES CRAIG BRIDGEWATER AS GROUP HEAD OF FINANCE

Hamilton, Bermuda—1 July 2019: The Bank of N.T. Butterfield & Son Limited (“Butterfield” or “the Bank”) (NYSE: NTB/BSX: NTB BH) today announced that Craig Bridgewater will join the Bank as Group Head of Finance on 7 October 2019. He will report to Michael Schrum, Group Chief Financial Officer.

Mr. Bridgewater was most recently a Managing Director at KPMG in Bermuda where he led the firm’s banking and asset management practice.  He has published several articles and thought leadership pieces related to the banking and asset management industries, and was responsible for creating KPMG Bermuda’s banking publication, Insights, which focused on the banking industry in Bermuda. He was also KPMG in Bermuda’s Head of People with responsibility for Human Resources, Learning & Development, Diversity & Inclusion, Performance Management and Graduate programmes.

Prior to joining KPMG, Mr. Bridgewater was financial controller for Orbis Investment Management Limited and an Assistant Manager at Price Waterhouse in Bermuda where he qualified as a Chartered Accountant in 1995.

Mr. Bridgewater currently sits on boards and committees of numerous community organisations.  He is the Chairman of the Governing Body of the Berkeley Institute, Chairman of the Alternative Investment Management Association network in Bermuda, and a member of the Board of Education, the Albert College Board of Governors, including being Chair of its Finance Committee, the Asset Management Working Group of the Bermuda Business Development Agency, and the Frederick Sydney Smith Scholarship Committee, which issues scholarships for the benefit of Bermuda students attending Albert College.

Mr. Schrum welcomed Mr. Bridgewater to Butterfield, saying “Craig is a well-known and highly respected finance professional in Bermuda’s banking community, and I am pleased that he is joining the Butterfield senior leadership team.  He has a wealth of technical banking and accounting experience, as well as a well-earned reputation for leadership, and I know he will make a significant contribution to Butterfield’s continued success.”

 -ENDS-

Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.

For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX <GO>. Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities. The BSX, is recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.