ICM Limited ("ICM") is the Investment Manager of Somers. ICM is a Bermuda based global fund manager focused on identifying investments at valuations that may not reflect their intrinsic long term value. The investment style of ICM is to have a deep understanding of the business fundamentals of each investment and its environment versus its economic value. ICM’s approach is as long term investors.
ICM has some US$20.2 billion under management directly and indirectly in a range of mandates, with over 45 staff based in offices in Bermuda, Australia, UK, Ireland, Singapore, New Zealand and South Africa.
ICM staff responsible for Somers' investments include:
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 he 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 Director of Ascendant Group Limited, Bermuda Commercial Bank Limited, Somers Limited, Bermuda First Investment Company Limited, One Communications Ltd 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.
Duncan Saville founded the ICM Group and its predecessor companies, and has been employed by the Group since 1988. Duncan is a chartered accountant with experience in corporate finance and asset management. He is an experienced non-executive director having previously been a company director in multiple companies in the utility, investment, mining and technology sectors. Duncan is currently a Non-Executive Director of Somers Limited, Homeloans Limited and West Hamilton Holdings Limited. His Fellowships include 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.
Charles Jillings joined the ICM Group in 1995, established ICM Investment Research Limited in 1997 and ICM Investment Management Limited in 2015, and is based in Epsom, UK. Charles is a Director of ICM Limited, ICM Investment Research Limited and ICM Investment Management Limited. Charles qualified as a chartered accountant and he has extensive experience in corporate finance and asset management. Charles is responsible for the day to day running of UIL Limited and Utilico Emerging Markets Trust plc, and has over thirty years of experience in international financial markets. Charles was formerly a non-executive director of Utilico Investment Trust plc and Utilico Emerging Markets Limited, and he is an experienced non-executive director. Charles is currently a director of Somers Limited, Waverton Investment Management Limited, Merrion Capital Group, Global Equity Risk Protection Limited and Allectus Capital Limited. Charles graduated from University of Cape Town with a B. Com. and qualified as a South African Chartered Accountant in 1980.
Greg Reid joined the ICM Group in 2014, and he is employed as a consultant based in Ireland. His responsibilities include management of finance and risk at for Somers Limited. Prior to joining ICM, Greg was the Chief Financial Officer of Bermuda Commercial Bank Limited. Previous to that he was the Controller with a Bermuda based provider of accounting services to the hedge fund industry, and he has a number of years’ experience in the auditing industry with the accounting firm Deloitte in Ireland. Greg is currently a Director of ICM Capital Research Limited, and the Pentagon Global Diversified Bond Fund. He is a Member of the Institute of Chartered Accountants in Ireland, and he holds an honours degree in Business Studies from the University of Limerick, Ireland.
Sandra Pope joined the ICM Group in 1999 and is based in Epsom, UK. She has over twenty five years of experience in corporate finance. Prior to joining ICM, Sandra worked in corporate finance at Deloitte Haskins & Sells, Hill Samuel Bank and Close Brothers. She is a Director of ICM Investment Management Limited and ICM Investment Research Limited, ICM's fully owned UK subsidiary which focuses on research and analysis. She is also a director of several private companies including Harlequins Football Club Ltd, and Stockdale Securities Limited. Sandra is a qualified chartered accountant, and holds the Securities & Investment Institute Certificate of Corporate Finance.