Butterfield Acquires R&H Guernsey, Managing $9B in Assets
N.T. Butterfield owned Guernsey member firm of the Rawlinson & Hunter International Network. The acquisition will further expand the Bank's Channel Islands presence and strengthen its trust and fiduciary offering with the addition of approximately 50 highly qualified colleagues in Guernsey, 71 client groups and $9B of assets under administration. Michael Collins, Butterfield's Chairman and Chief Executive Officer, said: "R&H Guernsey is a great addition to our growing private trust business, which is a significant fee revenue generator for Butterfield. This acquisition will increase Butterfield's presence as a leading provider of private trust services in Guernsey and globally. It also demonstrates our commitment to grow through strategic M&A in jurisdictions where we have both scale and market leadership. We look forward to welcoming R&H clients and colleagues to Butterfield." The transaction, which is expected to close in the first half of 2026 and is subject to customary closing conditions, including regulatory approvals, relates solely to the R&H Guernsey entity and does not include any other R&H member firms or network interests.
