LOM Financial

LOM Financial is a Bermuda-based financial organization.

History

Founded in 1992,[1] the company is headquartered in Bermuda,[2] with subsidiaries in the UK and Asia. It began operating in the Bahamas in 2000,[3] and the Cayman Islands in 2018.[4] It has been listed on the Bermuda Stock Exchange under the ticker LOM.BX since 2001.[5] In each location, LOM provides “private investment services and products including brokerage, custody, asset management and corporate finance services.”[3] The company was previously called LOM Holdings.[6] The current CEO of the company is Scott Lines,[7] who also became the Chairman of the company after his father, Donald Lines (past President of the Bank of Bermuda) passed.[8]

Business

The company has Stable Income Funds and Fixed Income Funds.[9] By the end of 2017, LOM had $870 million in assets under management.[10] The total was $930 by the end of June 2018.[11] The company also hosts financial seminars with investors from other firms. [12]

References

  1. ↑ "LOM Financial opens new office building at Old Fort Bay - The Nassau Guardian". thenassauguardian.com.
  2. ↑ "LOM gives away $25,000 to mark 25 years - The Royal Gazette:Bermuda International Business".
  3. 1 2 "Bahamas must 'raise financial services game'".
  4. ↑ "LOM Financial Group expands into Cayman - Cayman Compass". www.caymancompass.com.
  5. ↑ "Bermuda Stock Exchange". www.bsx.com.
  6. ↑ "Bermuda institutions find going in Bahamas tough".
  7. ↑ "LOM Financial Appoints Independent Directors - Bernews". bernews.com.
  8. ↑ "Business leader Donald Lines dies at 82 - The Royal Gazette:Bermuda News".
  9. ↑ "LOM's Stable Income Fund gets five-star Morningstar rating - The Royal Gazette:Bermuda Business".
  10. ↑ "LOM's total revenues rise 34.7% - The Royal Gazette:Bermuda Business".
  11. ↑ "LOM's profits and revenue soar - The Royal Gazette:Bermuda Business".
  12. ↑ "Top China fund manager to speak at LOM event - The Royal Gazette:Bermuda Business".
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