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
Outer Islands (Seychelles) coming to Mahé. The ministry of tourism was granted a free hand on these islands in order to settle down the unrest of the population, and declared it a district. It formed the Islands Development Company (IDC) to control the islands, and prepared a program called 1 hotel 1 island. Each island in the group should be leased to a hotel, which will in turn built several residential homes and facilities on those islands. It required removal of the Protected Area Status from the islands. At first finding hotel chains was difficult, so Coëtivy received a prison, and thus creating