Company type | Public company |
---|---|
SOM.BH | |
Industry | Finance |
Founded | 2012 |
Headquarters | Hamilton, Bermuda |
Somers Limited is an investment holding company based in Hamilton, Bermuda. [1] Its shares are traded on the Bermuda Stock Exchange. [2]
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.
Somers' investments are predominantly in Australia, Bermuda, and the UK. Somers' gross assets at December 31, 2021 was US$694.5 million. [3]
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 Somers' portfolio consists of the following: [4]
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 owns 62.3% of Resimac Group Limited, with the balance owned by institutional and retail investors.
Waverton Investment Management Limited is a London-based specialist investment manager with approximately £12.8 billion funds under management and administration, and Somers has a 62.2% holding in this investment.
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.
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.
Thorn Group Ltd is an Australian financial services organisation offering consumer and commercial options for leasing products and financing.
Aura Group is a financial services business.
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 [5] (2021: US$22.9 million).
Somers Limited was founded in 2012 as Bermuda National Limited [1] [6] when Bermuda Commercial Bank Limited, founded in 1969, created a new holding company.
In 2013, Somers made acquisitions including:
In the 2014 financial year, Somers' key acquisitions included:
In the 2015 financial year, Somers' key transactions included:
In the 2016 financial year, Somers' key transactions included:
In the 2017 financial year, Somers' key transactions included:
In the 2018 financial year, Somers' key transactions included:
In the 2019 financial year, Somers' key transactions included:
In the 2020 financial year, Somers' key transactions included:
In the 2021 financial year, Somers' key transactions included:
Somers Limited announced in 2014 a four-year corporate sponsorship of the Bermuda Olympic Association, covering the Olympiad including the 2016 Summer Olympics in Rio, Brazil and the 2018 Winter Olympics in Pyeongchang, South Korea.
Company type | Public company |
---|---|
SOM.BH | |
Industry | Finance |
Founded | 2012 |
Headquarters | Hamilton, Bermuda |
Somers Limited is an investment holding company based in Hamilton, Bermuda. [1] Its shares are traded on the Bermuda Stock Exchange. [2]
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.
Somers' investments are predominantly in Australia, Bermuda, and the UK. Somers' gross assets at December 31, 2021 was US$694.5 million. [3]
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 Somers' portfolio consists of the following: [4]
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 owns 62.3% of Resimac Group Limited, with the balance owned by institutional and retail investors.
Waverton Investment Management Limited is a London-based specialist investment manager with approximately £12.8 billion funds under management and administration, and Somers has a 62.2% holding in this investment.
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.
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.
Thorn Group Ltd is an Australian financial services organisation offering consumer and commercial options for leasing products and financing.
Aura Group is a financial services business.
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 [5] (2021: US$22.9 million).
Somers Limited was founded in 2012 as Bermuda National Limited [1] [6] when Bermuda Commercial Bank Limited, founded in 1969, created a new holding company.
In 2013, Somers made acquisitions including:
In the 2014 financial year, Somers' key acquisitions included:
In the 2015 financial year, Somers' key transactions included:
In the 2016 financial year, Somers' key transactions included:
In the 2017 financial year, Somers' key transactions included:
In the 2018 financial year, Somers' key transactions included:
In the 2019 financial year, Somers' key transactions included:
In the 2020 financial year, Somers' key transactions included:
In the 2021 financial year, Somers' key transactions included:
Somers Limited announced in 2014 a four-year corporate sponsorship of the Bermuda Olympic Association, covering the Olympiad including the 2016 Summer Olympics in Rio, Brazil and the 2018 Winter Olympics in Pyeongchang, South Korea.