N.T. Butterfield reappoints Michael Schrum as CFO

N.T. Butterfield (NTB) announced senior leadership changes. Michael Schrum has been reappointed group CFO following the decision by Craig Bridgewater to step down from the role to pursue other opportunities. Schrum, who previously served as Butterfield’s CFO from 2015 to 2022 and oversaw the Bank’s U.S. IPO and NYSE listing, will retain responsibility for corporate development and group strategy. He also continues to serve on Butterfield’s executive committee and board of directors. Bridgewater, who joined Butterfield in 2019, will remain available to the senior management team through year-end to ensure a transition. Bri Hidalgo has been appointed group chief risk officer, the role most recently held by Schrum. Additionally, Meredith Steinhaus has been named interim general counsel while the bank conducts a search for a permanent successor to Simon Des-Etages, who has decided to leave the bank for other opportunities.