Mark Batten Joins Assured Guaranty’s Board of Directors
20 Février 2024 - 1:45PM
Business Wire
Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty) announced
that Mark C. Batten has been appointed as a non-executive director
to Assured Guaranty’s Board of Directors (Board). Mr. Batten will
serve on the Board’s Audit, Risk Oversight and Finance Committees.
The appointment is effective as of February 19, 2024, and brings
the total number of Board members to 12. Mr. Batten will also
continue to serve as the non-executive Chair of the board of
directors of Assured Guaranty (UK) Limited (AGUK), Assured
Guaranty’s U.K. insurance subsidiary.
For more than 25 years, Mr. Batten was a partner at
PricewaterhouseCoopers LLP (PwC), retiring in 2017. He led a number
of practices during his time at PwC, including Real Estate
Restructuring, Insurance Restructuring and a Corporate Valuations
practice. He acted for the UK and Irish Governments in relation to
the restructuring of the banks following the Global Financial
Crisis, as the Provisional Liquidator of Independent Insurance, one
of the largest general insurance failures in the UK, and as a
non-executive Director of PwC’s Bermuda based global insurance
captive.
“Mark Batten’s impressive professional background, along with
his direct experience as a board member of AGUK, makes him an ideal
addition to Assured Guaranty’s Board. I look forward to working
with him and learning how we may apply his insights to our global
business strategy,” said Assured Guaranty Board Chair Francisco L.
Borges.
“I’m delighted Mark is joining the Board of our parent company.
He has been a leader in fields as varied as accounting, audit,
financial services and insurance, as well as government finance,
and restructuring matters. He brings a wealth of relevant
experience to our Board,” added Dominic Frederico, President and
CEO of Assured Guaranty.
“Assured Guaranty has a strong leadership team committed to
disciplined risk management and building shareholder value, with a
proven track record of almost four decades,” said Mr. Batten. “It
has been a rewarding experience serving on AGUK’s board, and I am
extremely pleased to take on an additional role at Assured
Guaranty.”
In addition to his board responsibilities at Assured Guaranty
and AGUK, Mr. Batten is a non-executive director of other financial
services and real estate companies, including Picton Property
Income Ltd, which is listed on the London Stock Exchange, and
Weatherby’s Bank Ltd, a UK domiciled Private Bank. He also serves
as Chair of the Governing Body of Westminster School.
About Assured Guaranty
Ltd.
Assured Guaranty Ltd. is a publicly traded (NYSE: AGO),
Bermuda-based holding company. Through its subsidiaries, Assured
Guaranty provides credit enhancement products to the U.S. and
non-U.S. public finance, infrastructure and structured finance
markets. Assured Guaranty also participates in the asset management
business through its ownership interest in Sound Point Capital
Management LP and certain of its investment management affiliates.
More information on Assured Guaranty Ltd. and its subsidiaries can
be found at AssuredGuaranty.com.
Cautionary Statement Regarding
Forward-Looking Statements
Any forward-looking statements made in this press release
reflect Assured Guaranty’s current views with respect to future
events and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements
involve risks and uncertainties that may cause actual results to
differ materially from those set forth in this press release. These
risks and uncertainties include, but are not limited to,
difficulties executing Assured Guaranty’s business strategy and
other risk factors identified in Assured Guaranty’s filings with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
are made as of February 20, 2024. Assured Guaranty undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240220235750/en/
Robert Tucker Senior Managing Director, Investor Relations and
Corporate Communications 212-339-0861 rtucker@agltd.com
Ashweeta Durani Vice President, Corporate Communications
212-408-6042 adurani@agltd.com
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