Working from one jurisdiction to another

Business | Published:

What are the benefits for customers who work with companies in multiple jurisdictions?

Noel McLaughlin (24563530)

Noel McLaughlin, managing director, Butterfield Bank replies:

IN this era of heightened Know Your Client and transaction due diligence requirements, individuals are often discouraged by the time it can take to open new accounts. Another struggle for individuals is identifying which is the best location for their requirements.

These frustrations can be reduced by working with a company that is in multiple jurisdictions, allowing the individual to leverage the company-wide network. A relationship in one jurisdiction can translate into a head start when commencing business in another; this is particularly relevant when dealing with complex or non-standard transactions and/or those with tight deadlines.

Butterfield services span a number of island jurisdictions and, in essence, Butterfield is an offshore bank. Developing a meaningful business footprint in each of the markets where it operates is a key objective and so too is the ability, and importantly willingness, to co-operate between jurisdictions when dealing with client needs.

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Gwyn Garfield-Bennett

By Gwyn Garfield-Bennett
Business Editor

Gwyn is a highly experienced journalist having worked in UK national TV for the BBC and ITN, as well as running her own magazine publishing business, freelancing for national newspapers and UK magazines. She has a CIPR Diploma in Public relations, excellent digital skills and is an experienced digital marketing practitioner. Gwyn is also an author of several books.


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