Golub Capital BDC, a business development company that is publicly traded on the Nasdaq Global Select Market, has elected John T. Baily to its board of directors.
Baily (pictured) has more than three decades of experience in the accounting industry and a substantial background in insurance industry matters.
Baily currently serves as a member of the board of directors of RLI, Endurance Specialty Holdings, and NYMagic. He was elected to serve as a director to these companies in 2003.
From 1999 until his retirement in 2002, Baily was the pPresident of Swiss Re Capital Partners. Prior to this, he was a partner at PricewaterhouseCoopers and its predecessor, Coopers & Lybrand, where he worked from 1965 until 1999.
Baily was the national insurance industry chairman of Coopers & Lybrand from 1986 until 1998 and a member of Coopers & Lybrand’s international insurance industry committee from 1984 until 1998.
He is also the chairman of the board of trustees of Albright College and has served as chairman since his election to that position in 2007.
"We are pleased to add John to our board of directors," says David B. Golub, chief executive officer of Golub Capital BDC. "His accounting expertise and years of experience in the financial services industry will expand the breadth of our board and be very valuable in guiding Golub Capital BDC in the years ahead."
Golub Capital BDC principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.
