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
Arthur Somers-Cocks, 6th Baron Somers October 1930, Somers – as the longest serving state governor – was called upon to act as Administrator of the Commonwealth until Sir Isaac Isaacs took office in January 1931. In 1929, at his own expense, Somers brought together teenage boys from different backgrounds in Australia to what was named Lord Somers Camp which continues to this day. Back in England, he was appointed Chief Commissioner of the Boy Scouts in 1932, was deputy Chief Scout from 1935 to 1941, and was designated by Lord Baden-Powell, the founder of the Scout Movement, who had been Chief Scout of the World,