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Directors

The Board has overall responsibility for Somers’ activities and approving its investment policy and strategy. The Directors of Somers, all of whom are non-executive, include:

Mr Warren McLeland is a Science and MBA graduate and former stockbroker and investment banker, with over thirty years' experience in domestic and international financial services. He acts as an adviser in funds management and business strategy to companies operating in the Asia Pacific region. He is a non-executive director of Resimac Group Limited (formerly Homeloans Limited) and UIL Limited, and a former Executive Chairman of RESIMAC Limited.

Mr David Morgan has over thirty five years of experience in international banking, building his career at Standard Chartered Bank in Europe, North America and the Far East. Since leaving Standard Chartered in 2003, he has been involved in a wide range of business advisory and non-executive roles. He is currently deputy chairman of Bermuda Commercial Bank Limited, and a non-executive director of Waverton Investment Management Limited and PCF Bank Limited.

Mr Alasdair Younie joined the ICM Group in 2010, is a Director of ICM Limited and is based in Bermuda. Alasdair has extensive experience in financial markets and corporate finance, and is responsible for the day to day running of the Somers Group. Alasdair qualified as a chartered accountant with PricewaterhouseCoopers, and subsequently worked for six years in the corporate finance division of Arbuthnot Securities Limited in London. Alasdair is a non-executive director of Ascendant Group Limited, Bermuda Commercial Bank Limited, Bermuda First Investment Company Limited, One Communications Limited and West Hamilton Holdings Limited. Alasdair graduated from Bristol University with a BSc in Economics and Economic History in 1998, and is a Member of the Institute of Chartered Accountants in England and Wales.

Mr Charles Jillings joined the ICM Group in 1995, established ICM Investment Research Limited in 1997 and ICM Investment Management Limited in 2015. He qualified as a chartered accountant and has over thirty years of experience in international financial markets. Charles is an experienced non-executive director, and he is currently a director of ICM Limited, ICM Investment Research Limited, ICM Investment Management Limited, Waverton Investment Management Limited, Merrion Capital Limited and Allectus Capital Limited. Charles graduated from University of Cape Town with a B. Com. and qualified as a Chartered Accountant in 1980.

Mr Duncan Saville founded the ICM Group and its predecessor companies and has been employed by them since 1988. He is a chartered accountant with experience in corporate finance and asset management. He was previously a non-executive director in a multiple of utility and technology sectors. Duncan is currently a non-executive director of Resimac Group Limited (formerly Homeloans Limited) and West Hamilton Holdings Limited. He is a Fellow of the Institute of Chartered Accountants Australia and New Zealand, the Australian Institute of Company Directors and the Financial Services Institute of Australasia and he is a Member of the Singapore Institute of Directors.

Mr Peter Durhager has over twenty five years of experience in both the financial and telecommunications sectors. He is currently a non-executive director of Harrington Re and F&G Re, and he was formerly the President of Renaissance Services Ltd. from 2004 until 2014, and the Chief Administrative Officer of Renaissance Re Holdings Ltd. from 2003 until 2014. He is currently the Chairman of the Bermuda Community Foundation and Chairman of Ascendant Group Ltd., and has founded and run a number of financial and telecommunications businesses as well as working in the banking sector. Mr. Durhager holds a bachelor’s degree in Philosophy from Transylvania University in Lexington, Kentucky.