The managing partner of a US investment and advisory firm has joined the board of Bermudian insurance and reinsurance firm Aspen.

Matthew Botein, managing partner of Gallatin Point in Boston, has extensive experience in financial services and has managed portfolio investments in banking, insurance, asset management, capital markets and financial processing.

Glyn Jones, chairman of Aspen, said: “I am delighted that Matthew is joining the Aspen board. His wealth of financial services experience, in particular in the areas of corporate finance, private equity and asset management, will be a great asset to Aspen. I would like to welcome Matthew back to the Aspen Board and I look forward to working with him in the future.”

Mr Botein, who will also be a member of the board’s investment committee, has previously served as an Aspen director between 2007 and 2011, and from 2002 to 2003.

He formerly worked at BlackRock, an international investment firm, latterly as managing director and as a member of the firm’s global operating committee.