24:
118:
Resimac Group
Limited has a managed mortgage loan portfolio of approximately A$ 16 billion. Its primary activities are as mortgage manager, mortgage broker and in addition, originating, servicing and securitising mortgage assets. Its shares are listed on the Australian Securities Exchange, and Somers
114:
As at
December 31, 2021 Somers Limited (Somers) has a relatively concentrated portfolio with investments which are primarily focused on the financial services sector. Geographically, the three key jurisdictions of Australia, Bermuda and the United Kingdom covers 95.7% of total investments. The
141:
Other
Investments: Somers Limited has a number of other smaller investments which are a mixture of both unlisted and listed holdings. As at December 31, 2021 Somers has funds directly and indirectly under management of over US$ 24.0 billion (2021: US$ 22.9 million).
94:
Somers
Limited is a financial services investment platform, and the company targets investments primarily in the banking, wealth management and asset financing sectors. Somers Limited has contracted with an external investment manager to manage its investments.
128:
PCF Group (formerly
Private and Commercial Finance Group) is a long established AIM-listed finance group that was awarded a UK Bank Deposit Taking Licence in 2016. PCF Group's bank is PCF Bank. Somers has a 64.4% holding in PCF Group.
275:- Chairman of Somers Limited, Chairman of Ascendant Group Ltd and the Bermuda Community Foundation, Non-Executive Director of Harrington Re and F&G Re, and former President of Renaissance Services Ltd
200:
Acquisition of a 79% shareholding in RESIMAC Limited (subsequently merged with ASX listed
Homeloans Limited resulting in a 59% holding in Homeloans), with a combined loan portfolio at the time of A$ 13
287:- Chief Executive of ICM Investment Research Limited and ICM Investment Management Limited, and a Director of ICM Limited, Allectus Capital Limited and Waverton Investment Management Limited
132:
West
Hamilton Holdings Limited is a Bermuda Stock Exchange listed property investment and management company with property assets in Bermuda and in which Somers has a 57.1% equity interest.
125:
Limited is a London-based specialist investment manager with approximately ÂŁ12.8 billion funds under management and administration, and Somers has a 62.2% holding in this investment.
1055:
189:
Sale of holding of shares and convertible loan notes in
Private and Commercial Finance Group plc to its wholly owned subsidiary, Bermuda Commercial Bank Limited
455:
150:
Somers
Limited was founded in 2012 as Bermuda National Limited when Bermuda Commercial Bank Limited, founded in 1969, created a new holding company.
1050:
771:
135:
Thorn Group Ltd is an
Australian financial services organisation offering consumer and commercial options for leasing products and financing.
438:
256:
Somers acquires 15% stake in Aura Group a Singapore headquartered, fast-growing alternative investment and wealth management platform.
613:
192:
Acquisition of an additional 1,222,949 shares in West Hamilton Holdings Limited from BCB bringing Somers’ total holdings to 57.1%
638:
692:
717:
745:
161:
476:
281:- Director of ICM Limited, and a Non-Executive Director of Allectus Capital Limited and West Hamilton Holdings Limited
333:
497:
122:
849:
666:
589:
515:
245:
Somers enters an agreement to sell Bermuda Commercial Bank, subject to government and regulatory approvals
797:
172:
An investment in Ascot Lloyd Holdings Limited bringing Somers' total potential economic interest to 32.5%
1060:
181:
A 23.8% shareholding in Incol Limited (“Incol”). Incol is a funding platform for financial institutions
540:
410:
990:
119:
owns 62.3% of Resimac Group Limited, with the balance owned by institutional and retail investors.
1008:
823:
558:
501:
88:
229:
Sale of holding of all shares in Merrion Capital Limited, to Cantor Fitzgerald Ireland Limited
212:
RESIMAC Limited merged with Homeloans Limited in October 2016, resulting in a 59% shareholding
311:
307:
8:
947:
922:
348:
293:- Non-Executive Director of Waverton Investment Management Limited, and PCF Group PLC
80:
248:
Somers received final consideration for the sale of holdings in Stockdale Securities
237:
Completion of the sale of holdings in Stockdale Securities and Street Capital Group
215:
Sale of holding of all shares in Ascot Lloyd Holdings Limited, to CPL Bidco Limited
259:
Sale of holding of all shares in Bermuda Commercial Bank to Provident Holdings Ltd
360:
874:
103:
904:
1044:
40:
965:
226:
Acquisition of 94.5 million shares in PCF Bank from Bermuda Commercial Bank
456:"Somers Limited Financial Results for the nine months ended June 30, 2014"
302:
Somers Limited announced in 2014 a four-year corporate sponsorship of the
385:
204:
In September 2016, Somers acquired a 13% economic interest in MJ Hudson
516:"Homeloans-RESIMAC merger beefs up scale in non-bank mortgage market"
99:
590:"Somers Limited Sale of Merrion Capital Holdings Limited Investment"
23:
1026:
106:. Somers' gross assets at December 31, 2021 was US$ 694.5 million.
84:
168:
In the 2014 financial year, Somers' key acquisitions included:
252:
In the 2021 financial year, Somers' key transactions included:
241:
In the 2020 financial year, Somers' key transactions included:
233:
In the 2019 financial year, Somers' key transactions included:
219:
In the 2018 financial year, Somers' key transactions included:
208:
In the 2017 financial year, Somers' key transactions included:
196:
In the 2016 financial year, Somers' key transactions included:
185:
In the 2015 financial year, Somers' key transactions included:
175:
An increased shareholding in Westhouse Holdings plc to 84.6%
772:"Commercial Bank sales pays dividends for Somers investors"
303:
1027:"Private and Commercial Finance Group Board of Directors"
223:
Acquisition of 38% of AK Jensen's issued shared capital
498:"Company Overview of Bermuda Commercial Bank Limited"
439:
JO Hambro Investment Management rebrands as Waverton
342:
329:
327:
160:Waverton Investment Management, formerly known as
559:"Change of Company Name to Resimac Group Limited"
1056:Financial services companies established in 2012
1042:
324:
824:"Durhager Elected Chairman of Ascendant Group"
541:"Somers Limited Invests In MJ Hudson Holdings"
153:In 2013, Somers made acquisitions including:
157:Private and Commercial Finance Group plc, and
138:Aura Group is a financial services business.
115:Somers' portfolio consists of the following:
667:"Somers Limited Announces Financial Results"
433:
431:
79:is an investment holding company based in
22:
98:Somers' investments are predominantly in
639:"Acquisition of shares in PCF Group plc"
411:"Somers Limited Assets under Management"
1051:Financial services companies of Bermuda
428:
1043:
349:Bermuda Stock Exchange: Somers Limited
306:, covering the Olympiad including the
899:
897:
895:
584:
582:
266:
262:Investment of A$ 13.2m in Thorn Group
109:
798:"Somers Limited 2021 Annual Report"
746:"Somers acquires 15% of Aura Group"
718:"Somers Limited 2020 Annual Report"
477:"Somers Limited 2014 Annual Report"
13:
940:
892:
579:
361:"Somers Q1 2022 Financial Results"
178:A 6.6% interest in Merrion Capital
164:Management from Credit Suisse Bank
14:
1072:
693:"Somers strikes deal to sell BCB"
905:"ICM Limited Board of Directors"
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87:. Its shares are traded on the
995:Waverton Investment Management
490:
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448:
403:
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123:Waverton Investment Management
1:
317:
314:in Pyeongchang, South Korea.
948:"West Hamilton Holdings Ltd"
854:Bermuda Community Foundation
7:
1009:"Waverton's Executive Team"
614:"Somers 2018 Annual Report"
304:Bermuda Olympic Association
10:
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145:
66:
58:
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970:Allectus Capital Limited
927:Allectus Capital Limited
923:"Allectus Team profile"
310:in Rio, Brazil and the
162:J. O. Hambro Investment
952:Bermuda Stock Exchange
850:"Board and Governance"
725:Bermuda Stock Exchange
502:Bloomberg Businessweek
89:Bermuda Stock Exchange
465:. September 11, 2014.
875:"Board of Directors"
619:. September 30, 2018
312:2018 Winter Olympics
308:2016 Summer Olympics
673:. December 14, 2019
504:. 15 November 2015.
102:, Bermuda, and the
18:
1013:www.waverton.co.uk
804:. January 13, 2022
386:"Somers Portfolio"
338:Bloomberg Business
267:Board of directors
16:
1061:Hamilton, Bermuda
997:. March 31, 2017.
954:. March 31, 2017.
828:The Royal Gazette
776:The Royal Gazette
697:The Royal Gazette
445:, 13 January 2014
437:James Phillipps,
110:Portfolio Summary
74:
73:
70:Hamilton, Bermuda
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991:"Executive Team"
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778:. 10 August 2021
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752:. May 12, 2021
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522:. 2016-07-21
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67:Headquarters
31:Company type
975:January 20,
808:January 20,
651:January 14,
623:January 14,
598:January 14,
571:January 14,
545:bernews.com
484:www.bsx.com
463:www.bsx.com
395:January 20,
298:Sponsorship
1045:Categories
526:2017-03-13
318:References
932:18 August
782:18 August
100:Australia
41:Traded as
520:ABC News
443:Citywire
81:Hamilton
51:Industry
756:May 17,
730:May 17,
702:May 17,
671:Bernews
201:billion
146:History
85:Bermuda
59:Founded
54:Finance
46:SOM.BH
721:(PDF)
642:(PDF)
617:(PDF)
593:(PDF)
562:(PDF)
480:(PDF)
459:(PDF)
977:2022
934:2021
886:2018
861:2018
836:2018
810:2022
784:2021
758:2021
732:2021
704:2021
679:2020
653:2019
625:2019
600:2019
573:2019
422:2022
397:2022
372:2022
62:2012
566:ASX
1047::
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894:^
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326:^
104:UK
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
