Supporting Bermuda’s economic growth and strong financial future is a cornerstone of the bank’s strategy. The group repositioned HSBC Investments Bermuda to serve the needs of the local reinsurance and captive insurance companies, and provide access to the global investment capabilities from its HSBC parent company. The bank was awarded three lead arranger mandates in significant financing for Class 4 companies.
It donated 1% of its annual net income to the local community and introduced a scheme that gives staff one day off for voluntary work in three community projects, namely environment, education and housing. It supported five state schools through its Partner in Leadership Programme, assisting various education schemes such as library renovation and purchasing of books. And it partnered with the Bermuda Institute of Ocean Sciences in the purchase of a new research vessel focusing on the conservation of land and water-based ecosystems, habitats and wildlife conservation.
“Bank of Bermuda strives to be the leading financial services provider in Bermuda by understanding the needs of our customers and delivering solutions which meet and exceed their expectations,” says chief executive Philip Butterfield. “Winning The Banker’s award is a direct reflection of our success in executing this strategy. In the year ahead, we will continue to focus on providing innovative products and quality services to our customers, support the growth and development of our staff and remain steadfast in our commitment to giving back to the community in which we operate.”
