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28 October 2024News

Ascot makes two top finance promotions

Bermuda-based Ascot has promoted Michael Grayston to group treasurer and chief investment officer and Sarah Thompson to group chief accounting officer.

In his newly expanded role, insurance industry veteran Grayston will be responsible for the implementation and oversight of the group investment strategy and the group treasury function at Ascot, including management of Ascot’s bank relationships, external debt and credit facilities and Group liquidity management.

Grayston holds the chartered financial analyst designation and has more than 30 years of experience across the insurance and asset management sectors. Before joining Ascot in 2018 as group treasurer, he held senior investment and treasury roles at Ironshore, HSBC Global Asset Management, the ACE Group and the XL Group.

As group chief accounting officer, Thompson will be responsible for group financial reporting and accounting policy. She will also have finance oversight of strategic corporate initiatives including acquisitions and other transactions.

Thompson has more than 20 years’ experience in accounting in Bermuda. She first joined Ascot in 2018 as group technical accounting officer, and previously spent time as corporate controller at Ironshore and as technical accounting director at Alterra Capital. She earned her chartered accountant designation from the Institute of Chartered Accountants in England & Wales.

“Both Sarah and Michael have proven themselves to be key members and trusted leaders within Ascot’s finance organisation. Their strong technical knowledge and exceptional financial acumen will be instrumental as we continue to scale our operations,” said Mark Wilcox, Ascot Group Chief Financial Officer.

 “These promotions also reinforce the strength of Ascot’s finance organization, our deep bench of talent, and our commitment to the development and elevation of our colleagues across the organisation.”

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More on this story

News
31 January 2024   The re/insurer said the former Nationwide and AIG executive will oversee technology and business intelligence.
News
6 June 2024   The CEO will relocate to London and be succeeded by the head of casualty and specialty.
News
3 May 2024   The re/insurer also named a head of Bermuda excess casualty