The LOM Group is a publicly-held, international financial services company, providing a complete range of private investment services and products, with subsidiaries in Bermuda, Bahamas, Asia, and the UK. In business for over 24 years, LOM provides brokerage, custody, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers around the world.
Our original commitment of providing independent advice and timely and efficient service to wealthy individuals and institutions from a tax neutral global platform is more pertinent than ever in today’s environment. LOM is a high-service alternative to the world’s largest private banks and brokerages.
The Group is audited by Deloitte annually and maintains a conservative debt free balance sheet. LOM Financial Limited is publicly listed on the Bermuda Stock Exchange (symbol LOM.BH), and is the parent to its regulated subsidiaries – LOM Financial (Bahamas) Limited, LOM Financial (Bermuda) Limited, LOM Asset Management Limited, and Global Custody & Clearing Limited.
LOM was established in 1992 by the Lines family, a Bermudian family who trace their roots on the island back for many generations. LOM has its origins as part of a Family Office established in the 1970s by the family patriarch, Donald P. Lines, who served as Chairman of the LOM Group from its founding in 1992 until retiring in 2014. Mr. Lines was well respected at the highest levels in international finance and is credited as one of the architects of Bermuda’s development into a prosperous global financial centre. Mr. Lines served as President and Chief Executive Officer of the Bank of Bermuda Limited, retiring in 1994 after 25 years of service. Under his guidance the Bank established a global network of offices including Bermuda Trust (Far East) Limited, a major trust and custody operations in Hong Kong. The Bank was purchased by HSBC in 2004 for US$1.3 billion.
Mr. Lines was a member of the Order of the British Empire, an honour granted to him for his service to Bermuda by HRH Queen Elizabeth II. He was a director of numerous companies and investment funds listed on the London, Dublin, Luxembourg, and Bermuda stock exchanges. He was a Fellow of the Institute of Directors, a Fellow of the Institute of Chartered Accountants of Bermuda and a founding member of the Bermuda Stock Exchange. He was the brainchild and key driver in establishing the Bank of Bermuda Foundation Centennial Trust; a Trust that continues to provide major support to Bermuda’s charities and the greater community. He was a member of Bermuda’s Monetary Advisory Sub-Committee and chairman of the committee that negotiated Bermuda’s Tax Treaty with the United States in 1985. This treaty is credited with the development of the re-insurance industry in Bermuda.
LOM’s initial offering of stock brokerage services and capital raising for venture companies was expanded in 1995 with the introduction of its asset management division and a US dollar Money Market Fund. Over the ensuing decades the Asset Management group’s product offering has grown to offer tailored discretionary management, seven global and specialty mutual funds and three money markets funds. A selection of the LOM Funds have received top ratings from Morning Star year after year and are best in class against peers. LOM Corporate Finance Limited was incorporated in 1998 to finance and close capital investments in growing companies, and provide listing and sponsoring services for international companies on the Bermuda Stock Exchange. LOM has acted as the listing sponsor for many blue chip insurance companies, including Aspen Re, White Mountain Insurance, Montpelier Re and Partner Re. LOM itself was listed on the Bermuda Stock Exchange July 2001.
The LOM Group specializes in developing and managing investment strategies that are completely customized. We believe that your investment profile should be as individual as you are, so we employ a first class team of professional traders, financial advisors and analysts who are on hand to answer your questions and service your requirements.
Our organisation is guided by five core principles:
Fiduciary Responsibility: We have extensive measures in place to protect your assets. The Firm is debt and leverage free. We will not leverage our balance sheet and will maintain a conservative balance.
Privacy: We take our clients’ security and privacy seriously. We go to great lengths to safeguard your assets and your information from the minute you are accepted as a client.
Objectivity and Independence: We act in your best interests and will provide independent advice; we are not influenced by the interests of a parent bank or investment dealer.
Professional Service: Your dedicated private client relationship management team or broker will provide personal attention to your financial and account administration needs.
Continuity: The Lines Family have been in the private wealth, trust and banking business for over 6 decades; LOM at its roots is a Family Office. We look at every new relationship as the start of a long-term, inter-generational relationship. These relationships are our core business.