LOM (Holdings) Limited Announcement
LOM (Holdings) Limited Announces Directorate Changes
Hamilton, Bermuda – 25 April 2012 - LOM (Holdings) Limited (“the Company”) announced that Max Quin was appointed a director of the Company at the Board of Directors meeting held on 24th April 2012. Mr. Quin is a consultant with Wakefield Quin Limited having previously been proprietor of M.L.H. Quin & Co. Max is a director of various international companies both in Bermuda and abroad for certain investment funds and has extensive experience in international corporate law.
Prior to arrival in Bermuda, Max practiced as a tax barrister in London, worked in the Middle East and was also a banker in the United Kingdom.
At the same meeting, Danesh Varma and Malcolm Moseley resigned their positions as directors of the Company, with immediate effect. Mr. Moseley continues in his role as Chief Financial Officer of the Company, and a director and officer of each of the Company’s subsidiaries. Mr. Varma, who has served as a director since 2008, is expected to begin working for LOM (UK) Limited as General Manager. Mr Varma felt that his extensive contacts and location in London would enable him to better serve the group in a business development role for LOM’s UK subsidiary.
About the LOM Group:
LOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda and Bahamas. In business for 20 years, LOM today has over $700 million in client assets under administration and provides brokerage, custody, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world. LOM is publicly listed on the Bermuda Stock Exchange (symbol LOM BH).