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Directors

The Board has overall responsibility for Somers’ activities and approving its investment policy and strategy. The Directors of Somers, all of whom are non-executive, include:

Mr McLeland is a Science and MBA graduate and former stockbroker and investment banker. He is a non-executive director of Homeloans Limited and UIL Ltd. In addition, he acts as an adviser in funds management and business strategy to companies operating in the Asia Pacific region.

Mr Morgan has over 35 years of experience in international banking, building his career at Standard Chartered Bank in Europe and the Far East and becoming Chief Executive for the UK and Europe in 1998. Since leaving Standard Chartered in 2003, he has been involved in a wide range of business advisory and non-executive roles. He is currently deputy chairman of Bermuda Commercial Bank Limited, and a non-executive director of Waverton Investment Management Limited and Private & Commercial Finance PLC.

Alasdair Younie joined the ICM Group in 2010, is a Director of ICM Limited and is based in Bermuda. Alasdair has extensive experience in financial markets and corporate finance. Alasdair is responsible for the day to day running of the Somers Group. Alasdair qualified as a chartered accountant with PricewaterhouseCoopers and worked for six years in the corporate finance division of Arbuthnot Securities Limited in London. Alasdair is a non-executive director of Ascendant Group Limited, Bermuda Commercial Bank Limited, and West Hamilton Holdings Limited. Alasdair graduated from Bristol University with a BSc in Economics and Economic History in 1998, and is a Member of the Institute of Chartered Accountants in England and Wales.

Charles Jillings joined the ICM Group in 1995, established ICM Investment Research Limited in 1997 and ICM Investment Management Limited in 2015, and is based in Epsom. Today he is a Director of ICM Limited, ICM Investment Research Limited and ICM Investment Management Limited. Charles qualified as a chartered accountant and has extensive experience in corporate finance and asset management. Charles is responsible for the day to day running of UIL Limited and Utilico Emerging Markets Limited and has over thirty years of experience in international financial markets. Charles was formerly a non-executive director of Utilico Investment Trust plc and Utilico Emerging Markets Limited and is an experienced non-executive director. Charles is currently a director of Somers Limited, Waverton Investment Management Limited, Westhouse Holdings plc, Merrion Limited, Keytech Limited, and Allectus Capital Limited. Charles graduated from University of Cape Town with a B. Com. and qualified as a Chartered Accountant in 1980.

Duncan Saville founded the ICM Group and its predecessor companies and has been employed by them since 1988. He is a chartered accountant with experience in corporate finance and asset management. He was previously a non-executive director in a multiple of utility and technology sectors. Duncan is currently a non-executive director of: New Zealand Oil and Gas Limited, Cue Energy Resources Limited, Touchcorp Limited, and West Hamilton Holdings Limited. He is a Fellow of the Institute of Chartered Accountants Australia and New Zealand, the Australian Institute of Company Directors and the Financial Services Institute of Australasia and he is a Member of the Singapore Institute of Directors.