John Richmond

MD, Bermuda  |  Butterfield Trust
JURISDICTION

Bermuda

RECOMMENDS SPECIALISMS

Exotic Assets
Multinational Families
Simple Structures

TOP AREAS OF EXPERTISE

Dynastic trust structures for UHNW global families
Generational wealth transfer with increased focus on sustainable and impact
investing with an emphasis on ESG

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

Adjusting to the different challenges that COVID-19 has presented. Our business traditionally thrives off face-to-face contact with clients, so to be able to adapt to a new model and actually increase client interaction has been fantastic. I don’t see client travel disappearing entirely, however it is clear that remote, digital meetings will comprise a larger part of what we do going forward, and that resonates with the next generation of our clients in terms of mitigating our carbon footprint.

How did you get into private client?

I began my career as a Management Trainee with a local bank here in Bermuda, which gave me the opportunity to experience various aspects of finance. Trusts intrigued me, given the strong legal aspect required and I haven’t looked back since. That was 26 years ago.

What advice would you give rising stars/new lawyers in the private client world?

Be engaged and listen. Be responsive, but with your own conviction. A client may not always like what you have to say, but they should respect it (especially if you are proven correct).

What is your favourite quote?

Out of adversity comes opportunity.

Do you have any outside interests or hobbies?

I find myself talking to lawyers a lot… I like golf too.

When the restaurants reopen, where would you like to go?

My wife and I have our local here in Bermuda (Blu restaurant) which thankfully we are able to visit since the original lockdown period ended. Once we are able to travel again we will most likely visit one of our favourite restaurants in Edinburgh―Castle Terrace.