Mr. Borges became a director of Assured Guaranty Ltd. in August 2007 and has been Chair of our Board of Directors since May 2015. 

Mr. Borges is a retired partner of Ares Management Corporation and the former chairman of the Ares Secondaries Group. Prior to its acquisition by Ares Management Corporation in 2021, Mr. Borges was Chair and Managing Partner of Landmark Partners, LLC, an alternative investment firm where he had been employed since 1999.  Previously, Mr. Borges was managing director of GE Capital’s Financial Guaranty Insurance Company and its capital markets subsidiaries. Mr. Borges is a former Treasurer for the State of Connecticut and a former Deputy Mayor of the City of Hartford, Connecticut. 

Mr. Borges is a trustee of the Clipper Funds Trust and a member of the board of directors of Davis New York Venture Fund, Inc., Davis Series, Inc., Davis Variable Account Fund, Inc., Selected American Shares, Inc., Selected International Fund, Inc. and Hartford HealthCare Corporation. Mr. Borges served on the board of directors of Jefferies Financial Group Inc. from 2013 through 2022, where he was a member of the Audit Committee and the Nominating and Corporate Governance Committee.

Borges is also a member of the board of trustees for the Millbrook School and a former chair of the board of trustees of the Knight Foundation.