LOM News

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LOM Announces Staff Appointments

HAMILTON, Bermuda, Nov. 11, 2009 – The LOM Group today announced several staff moves designed to develop the firm's operational capacity and financial advisor platforms.

Jens Maitland has joined the Client Relationship team and will be responsible for the LOM Savings and Retirement Plans as well as our Captive Management Initiative.  Jens will focus on generating new clients while servicing existing relationships with a team of two other advisors.

LOM administers two Investment Savings Plans; one for employers and their employees and one for individuals.  We also administer a special Retirement Savings Plan for non-Bermudians. There are no start-up fees for the Plans, funds are easily accessible by account holders and a selection of eight investment funds is available for investment diversification.

Our “One Stop” captive investment management program offers small to mid size clients a full suite of services including investment management, consulting, LOC introduction, custody services, unitized accounting, securities lending and online capabilities.  In helping to design your captive's investment management program, we look at requirements for credit, liquidity, capital preservation, asset liability matching and capital growth.

A native of Bermuda, Jens gained sales experience while at Burrows Lightbourn, Bacardi International, and the Tucker’s Point Club.

Zina Paynter has been promoted to Head of Operations.   Zina has been with LOM for twelve years before taking this senior role.  Her experience in several LOM departments has provided her with the tools to take on this challenging role. 

Lines Overseas Management Limited provides custody, fund accounting, administration and securities services to the LOM group of companies as well as a number of external Hedge Funds. As Manager Zina is responsible for managerial oversight of the operations functions supporting global settlements and portfolio accounting and physical vault services.

Latusha Rogers has returned to LOM as Deputy Manager of Operations. Latusha previously worked in LOM operations for four years and we are glad to have her back in a more senior capacity.  She spent  the past two years gaining experience at Argus Financial.

Jens, Zina and Latusha are replacing expatriate workers who are leaving Bermuda after years of service within the firm.  LOM President Scott Lines stressed  “As a Bermuda owned and managed company these promotions represent LOM’s conscious desire to train and promote talented and hard working Bermudians as grow.”

In addition to the Bermudian's noted above Frederic Gagne has joined our IT department in a senior programming position utilizing six years of expertise with NatCan (the investment arm of National Bank of Canada). Fred will be assisting with the full life-cycle development of LOM specific applications and solutions in his assignment with the firm.

"These new appointments continue to add depth to our team” said Mr. Lines, “We feel that while the economic conditions are still fragile, it is important to prepare and plan for the future as normalcy returns to the financial markets.”

About LOM (Holdings) Limited

LOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated offices in Bermuda, Bahamas and Grand Cayman.  Founded in Bermuda in 1992, LOM provides brokerage, asset management, and corporate finance services to its diverse customer base in over 75 countries around the world.  LOM is publicly listed on the Bermuda Stock Exchange (symbol LOM BH).  The consolidated group is debt-free and has shareholder’s equity of $19 million.