Somers Limited securitising mortgage assets. Its shares are listed on the Australian Stock Exchange and Somers owns approximately 62% of Homeloans with the balance owned by institutional and retail investors. Bermuda Commercial Bank Limited is one of Bermuda’s four licensed banks and remains one of Somers’ largest investments. It accounts for 25.8% of the portfolio at March, 2018. Waverton Investment Management Limited is a London-based specialist investment manager with £5.3 billion AUM which accounts for 23.1% of Somers’ portfolio (2016: 23.4%). Somers has a 62.5% holding in Waverton Investment Management Limited. PCF Group (formerly Private and Commercial Finance Group) is a long
Scrub Island (British Virgin Islands) Scrub Island (British Virgin Islands) Scrub Island of the British Virgin Islands in the Caribbean is a part of the Lesser Antilles, a group of islands that are young volcanic or coral islands. It is home to the Scrub Island Resort Marina and Spa. In late 2013 the Scrub Island Resort went into bankruptcy protection in the United States, and was locked in dispute with its primary lender, FirstBank, after receivers were appointed in the British Virgin Islands in relation to unpaid loans made to the Resort. The resort emerged from Chapter 11 bankruptcy protection in November 2015. Scrub Island