Yacht sinks in Sicily: Morgan Stanley CEO Jonathan Plummer among those missing

The registered owner of the Bayswater yacht is Revtom Ltd. The luxury yacht can accommodate up to 12 guests in six suites.

The yacht’s name is believed to be inspired by Bayesian theory, on which Mr Lynch’s doctoral thesis was based.

Mr Lynch’s wife Angela Pakaris has been named as the sole legal owner of Revtom, which is registered in the Isle of Man. Ms Pakaris was one of 15 people rescued.

A British mother and her one-year-old daughter also survived.

The mother, who was named locally as Charlotte Golonski, later described how she carried her baby above the sea. To save her from drowning.

She told the Italian newspaper La Repubblica that her family survived because they were on the deck of the yacht when it sank.

She said they woke up to the sound of “thunder and lightning and waves that made our boat dance”, and felt like “the end of the world” before they were thrown into the water.

“I lost my daughter in the sea for two seconds and then quickly hugged her amidst the roar of the waves,” the newspaper quoted her as saying.

The survivors said the trip was organised by Mr Lynch for his co-workers.

Following the initial disaster, a nearby Dutch-flagged ship rescued survivors from the waves, and cared for them until emergency services arrived.

After the storm passed, Captain Karsten Borner said his crew noticed the yacht behind them had disappeared.

“We saw a red signal, so my colleague and I went to the site and found the lifeboat floating on the surface,” he told Reuters.

He added that the lifeboat was carrying 15 survivors, three of whom were “seriously injured.”