Tidjane Thiam bid for AIA, the Asian wing of the crisis-stricken AIG. A public battle ensued, with some investors complaining about the $35.5 billion price Prudential was offering to pay. The bid eventually failed, after the AIG board rejected a revised lower bid. AIA was later floated on the Hong Kong Stock Exchange, and the value of the company quickly rose above Prudential’s original bid price. Thiam came under strong personal criticism following the failure of the bid, partly as a result of the costs incurred by the company in pursuing the bid. However, he was re-elected as CEO at the May
LOM Financial LOM Financial LOM Financial is a Bermuda-based financial organization. Founded in 1992, the company is headquartered in Bermuda, with subsidiaries in the UK and Asia. It began operating in the Bahamas in 2000, and the Cayman Islands in 2018. It has been listed on the Bermuda Stock Exchange under the ticker LOM.BX since 2001. In each location, LOM provides “private investment services and products including brokerage, custody, asset management and corporate finance services.” The company was previously called LOM Holdings. The current CEO of the company is Scott Lines, who also became the Chairman of the company after his father,