Somers Appoints KPMG As External Auditor
Somers Limited have approved the appointment of KPMG Audit Limited as the Group’s external auditors with immediate effect.
Following the acquisition of Waverton Investment Management Limited in August 2013, the Company and its subsidiaries were using the services of a number of different external audit firms.
The Company’s Directors decided that from a practical and commercial perspective it would be beneficial for the Group to have one external audit firm. Following a tender process, the Directors decided that KPMG are best placed to provide the external audit services that the Group requires moving forward.
Somers Limited is a listed exempt financial services investment holding company whose major assets include its 100% owned subsidiary, Bermuda Commercial Bank Limited and a 62.5% holding in Waverton Investment Management Limited, a UK wealth manager with over US$7.0 billion assets under management.
