LOM Subsidiary Name Change
In a filing to the Bermuda Stock Exchange last week [Mar.6], Lines Overseas Management Limited — a BSX-registered trading member and listing sponsor –announced that February 9, LOML changed its name to Global Custody & Clearing Limited [GCCL].
Global Custody & Clearing Limited offers its international and domestic customers a diverse range of international stock brokerage and investment management services.
GCCL is a wholly owned-subsidiary of LOM [Holdings] Limited, a BSX-listed, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda and Bahamas.
In business for 20 years, the LOM Group today provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world.
This report does not make sense – the name Global Custody and Clearing Limited sounds more like a fiduciary function which should be entirely separate from the firm’s trading and order execution business activity. Perhaps it is just one limited purpose entity that has changed its name – your article makes it sound like the entire company has changed its name?