Investcorp has named Frances Fragos Townsend to its board of directors. Townsend is Emeritus Vice Chairman at MacAndrews & Forbes, Incorporated. Also, she is a former advisor to President George W. Bush for Homeland Security and Counterterrorism and chaired the Homeland Security Council.
New York, January 18, 2021 – Investcorp, a leading global provider and manager of alternative investment products, today announced the appointment of Frances Fragos Townsend to its Board of Directors (the “Board”), effective immediately. With Ms. Townsend’s appointment, Investcorp’s Board is comprised of 15 directors, 10 of whom have joined the Board in the past five years.
Ms. Townsend is Emeritus Vice Chairman at MacAndrews & Forbes, Incorporated (“MacAndrews”). She formerly held the titles of General Counsel and Chief Administrative Officer and Executive Vice President for Worldwide Government, Legal and Business Affairs working across MacAndrew’s portfolio companies focusing on international, legal, compliance and business development issues. Ms. Townsend previously served as Advisor to President George W. Bush for Homeland Security and Counterterrorism and chaired the Homeland Security Council. She was the first Assistant Commandant for Intelligence for the U.S. Coast Guard and spent 13 years at the U.S. Department of Justice in various senior positions.
Mohammed Alardhi, Executive Chairman of Investcorp, commented: “Over the past five years we have been focused on further strengthening and diversifying our Board to ensure that we have the right mix of global skills, expertise and perspectives to extend our long history of success and achieve our ambitious growth plans. We believe that Frances is an excellent addition to our Board, bringing significant legal and global business experience in both the public and private sectors. She is a highly accomplished executive and we are confident that she will make many meaningful and long-lasting contributions to our Firm.”
“I am honored to join Investcorp’s Board and believe that the Firm’s longstanding record of providing its clients with unique solutions is becoming increasingly critical in the current investment landscape,” said Frances Fragos Townsend. “I am particularly looking forward to contributing to the Firm’s remarkable global growth journey and working alongside my fellow board members to drive sustainable value in the years to come.”
Ms. Townsend is a member of the Council on Foreign Relations and the Trilateral Commission, and is currently a director of Chubb Limited, Freeport-McMoRan Inc and SciPlay Corporation. She received her J.D. degree from the University of San Diego School of Law after graduating from American University where she received a B.A. in Political Science and a B.S. in Psychology.
Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.
We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders, including the communities that we operate within, towards driving sustainable value creation. We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.
Investcorp has today a presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2020, Investcorp Group had US $32.2 billion in total AUM, including assets managed by third party managers, and employed approximately 450 people from 44 nationalities globally across its offices. For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.