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Investment Team

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 manages over US$2.3 billion in funds directly, and is responsible indirectly for a further US$17.8 billion of assets in subsidiary investments, with over 60 staff based in offices in Bermuda, Australia, UK, Ireland, Singapore, New Zealand, Canada 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 Somers Limited. 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 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.

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 Resimac Group Limited (formerly 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. 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, Somers Limited, Waverton Investment Management Limited, Global Equity
Risk Protection Limited and Allectus Capital Limited. Charles graduated from
University of Cape Town with a B. Com. and qualified as a Chartered Accountant
in 1980.

Greg Reid joined the ICM Group in 2014, and he is a Director of ICM Capital Research Limited based in Cork. His responsibilities include management of finance and risk for Somers Limited and the wider ICM Group. Prior to joining ICM, Greg was the Chief Financial Officer of Bermuda Commercial Bank Limited. Prior 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 a Non-Executive Director of the Pentagon Global Diversified Bond Fund and several other companies related to the ICM Group. 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.

Ross Wilding joined ICM in 2012 and is a Senior Analyst working for ICM Investment Research Limited and ICM Investment Management Limited, based in Epsom, UK. Prior to joining ICM, he worked as an investment analyst at wealth manager Optima Financial (now part of Ingenious). Ross is focused on the financial services sector worldwide with particular emphasis on the Somers Limited investments. Ross completed his MBA at the Kellogg School of Management, Chicago in 2012, and is a CFA Charterholder.