Ascot Strengthens Group Finance Team with Two Senior Promotions

Ascot today announced the promotion of Michael Grayston to Group Treasurer and Chief Investment Officer and Sarah Thompson to Group Chief Accounting Officer.

In his newly expanded role, Michael 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.

Michael is a seasoned financial executive who 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, Michael held senior investment and treasury roles at Ironshore Inc., HSBC Global Asset Management, the ACE Group and the XL Group.

As Group Chief Accounting Officer, Sarah 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.

Sarah has an extensive 20+ year accounting career in Bermuda with deep experience in insurance and financial services firms. She first joined Ascot in 2018 as Group Technical Accounting Officer, and previously spent time as Corporate Controller at Ironshore Inc. and as Technical Accounting Director at Alterra Capital Holdings Ltd. 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 organization. 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. He continued, “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 organization.”