21 February 2024News

Assured Guaranty’s UK chair joins board of directors

Assured Guaranty has appointed the non-executive chair of its UK subsidiary to its board of directors. 

Former PricewaterhouseCoopers partner Mark Batten will serve on the Board’s Audit, Risk Oversight and Finance Committees. Batten will continue to serve as the non-executive chair of the board of directors of Assured Guaranty (UK).

Batten was a partner at PwC for 25 years, 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 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.”

Batten is a non-executive director of other financial services and real estate companies, including Picton Property Income, which is listed on the London Stock Exchange, and Weatherby’s Bank, a UK domiciled Private Bank. He also serves as Chair of the governing body of Westminster School.

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