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September 30, 2015updated 04 Apr 2017 1:35pm

Butterfield appoints new head of wealth management in Guernsey

Butterfield Bank (Guernsey) has appointed Richard Saunders as interim managing director and head of wealth management for Guernsey, effective 1 October 2015.

By Verdict Staff

Butterfield Bank (Guernsey) has appointed Richard Saunders as interim managing director and head of wealth management for Guernsey, effective 1 October 2015.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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John Robinson, who is currently the managing director, will retire at the end of September 2015.

Saunders, who joined Butterfield as a senior manager and head of Guernsey’s investment team in 2000, was most recently the bank’s head of European asset management. His prior experience includes seven years with RBC dealing with private client investments.

Commenting on the appointment, Butterfield Group president & COO Conor O’Dea said: "Richard is a very experienced senior executive and has been highly effective as our head of the asset management team in Guernsey and latterly Europe.

"I am confident that, with his investment knowledge and leadership experience within the business, Richard is the right choice for Interim Managing Director and Head of Wealth Management in Guernsey, and that he will be key to the ongoing development of our Guernsey business."

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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