Bermudian-based LOM Financial Ltd held a celebration to mark the opening of its new office in the Cayman Islands.

The cocktail reception was attended by members of the Cayman Government, including Roy McTaggart, finance minister.

LOM Financial Cayman provides discretionary and non-discretionary investment services, securities execution on most global exchanges, custody services, award-winning mutual funds and access to alternative investment funds for offshore clients. It is headed by Alexander Goulden, who said: “Boutique operations such as LOM can better meet each client’s individual set of investment objectives through proactive consultation and bespoke portfolio construction.

“Cayman is a unique market that offers widespread expertise in the provision of offshore financial services, a professional infrastructure and sound regulatory framework.”

Mr Goulden has previously held senior positions at MaplesFS, Scotiabank & Trust, and as a director and senior trader with RBC Capital Markets.

Outside of Bermuda and Caymans, LOM Financial has offices in the Bahamas, Asia and the United Kingdom. The company celebrated its 25th anniversary celebrations in January.

Scott Lines, LOM chairman and chief executive officer, said: “It’s been a year of growth for the firm, we have a positive outlook for 2018 and hope to sustain the momentum as we celebrate this significant milestone in business.”

Mr Lines was at the opening of the Cayman Islands office. He said: “As well as having first rate returns and first-rate systems, there is another essential ingredient in providing client satisfaction and that is the human element.

“It is critical that our customers and their intermediaries get the best and most professional service available. To that end I am very pleased that we have brought in Alex Goulden and Jorry Remizowski to head up this new office and I am sure that they, along with other colleagues we plan to bring on board, will prove a valuable addition to the investment service infrastructure here in Cayman.”

The LOM Group has a website at www.lom.com