Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S

AIG appoints two new investment officers

stock art

According to Bloomberg, American International Group (AIG) appointed Brian Schreiber and Geoffrey Cornell deputy chief investment officers as the insurer revamps oversight of its $358.3 billion portfolio.

Schreiber, 48, will oversee specialized asset classes including real estate, private equity and hedge funds, New York-based AIG said yesterday in a statement. Cornell, 42, will manage high-yield and investment-grade corporate bonds and municipal securities. They will report to William Dooley, executive vice president for investments.

AIG is overhauling the portfolio’s leadership as Chief Executive Officer Robert Benmosche simplifies the company after selling units to help repay a U.S. bailout. Monika Machon, who was chief investment officer, will become treasurer, a post that Schreiber previously held.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus