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Bank of N.T. Butterfield & Son completes deal with HSBC Bank Bermuda

Hamilton, Bermuda-based Bankof N.T. Butterfield & Son Ltd. has completed its of Bermuda Trust Co. Ltd. and 's privatebanking investment management operations in Bermuda.

According to a May 4 news release, the transaction closed April29 with the transition following soon after.

"Butterfield now has the largest group of trust professionals,private bankers, and asset managers in Bermuda," Butterfield CEO Michael Collinsstated in the release.

HSBC Bank Bermuda Ltd. is a unit of HSBC Holdings Plc.