Butterfield bank has agreed to buy Rawlinson & Hunter in Guernsey, the independently owned member firm of the Rawlinson & Hunter International Network.
The purchase will mean Butterfield’s expansion with the addition of approximately 50 qualified colleagues in Guernsey, 71 client groups, and $9.0 billion 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.”
Alasdair Cross, Senior Partner of R&H Guernsey, said: “Butterfield is a well-known leader in the trust industry and we look forward to working with them to provide our clients with the same high quality of service and continuity they have enjoyed under current ownership.”
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.