Butterfield has been shortlisted for Trust Company of the Year (Large Firm) at the 2023-24 Society of Trust and Estate Practitioners Private Client Awards.

The bank said the Step awards are seen as the hallmark of quality within the private client industry.

Open to entrants globally, they recognise and celebrate excellence among private client solicitors, lawyers, accountants, barristers, bankers, trust managers and financial advisers.

This year’s awards saw a record number of 343 submissions.

Jane Pearce, Butterfield’s group head of trust, said: "Being shortlisted as a finalist from a record number of high-quality entrants is a tremendous achievement, and we are incredibly proud of the entire team for their continued hard work and dedication.

“We thank the judges for their acknowledgement of our efforts and extend our congratulations to all of this year’s finalists."

The winners of the 18th annual awards will be announced on September 21 at a ceremony in London.