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Thousands of Bermuda residents have dipped into their pension pots, taking out an average of $7,000 to $9,000 to help them through the economic downturn caused by the Covid-19 pandemic. And a local pension company estimates that a quarter of its memb...

Apex Group Ltd plans to acquire FundRock Management Company SA and FundRock Partners Ltd. When the transaction is completed, Apex will reach close to $1 trillion in combined assets across administration, custody, depositary and under management. Apex...

Given the turbulent economic times in which Bermuda finds itself because of Covid-19, it is time for the Government to examine establishing a national investment fund to help insulate the economy from economic shocks and, at the same time, help to po...

Appleby Global Services’ Bermuda office has celebrated its one year anniversary and the onboarding of “100 structures”. The business is the specialist trust and corporate services provider of international law firm Appleby. The structures on-boarded ...

Philanthropist and immensely successful businessman and investor Allan Gray has died in Bermuda at 81. Described as “an unassuming man and full of class”, the island resident was media-shy, but his achievements are widely known in the business world ...

Bermudian-based financial services company LOM Financial Ltd has reported that profits for the first half of 2019 are up year-on-year, despite a slowdown in the growth of the company. LOM’s group profit rose 16 per cent year-on-year to $944,235 or 16...

John Portelli has been promoted to director — investments at LOM Financial (Bermuda) Ltd. He joined the firm in 2010 and has more than 20 years of investment experience. Prior to joining LOM, he worked for ScotiaMcLeod, the investment arm of Scotiab...

Investment firm LOM Financial Ltd’s assets under administration have topped the $1 billion mark this year. The company reported the milestone in a letter to shareholders from Scott Lines, the company’s chairman and chief executive officer, as the fir...

Asset-management professionals will get a chance to discuss hot topics for the industry during the visit of an industry leader this week. Michelle Noyes, managing director, head of Americas, for the Alternative Investment Management Association, will...

Schroders is looking to build up its wealth management business in Bermuda. The venerable London investment house, which has been servicing clients on the island for 49 years, re-established a physical presence on the island last year. The firm is we...

Equity markets were staging a comeback from early February’s plunge, but then came news of President Trump’s intention to impose tariffs of 25 per cent on imported steel and 10 per cent on imported aluminium. The surprise announcement tumbled global ...

Two financial advisers have been promoted at LOM Financial (Bermuda) Limited. Brian Roos is now vice-president of investments, while Ihab Azab is assistant vice-president of investments. Both men joined the company five years ago. Mr Roos was previou...