American International Group (AIG), the insurer that posed systematic risk to the economy two years ago, has hired former Federal Reserve executive Brian Peters to oversee risk management within the firm. Peters most recently served the Federal Reserve Bank of New York as senior vice president of risk management. At AIG, he will serve as senior managing director of AIG Enterprise Risk Management, overseeing risk and regulatory issues. As of mid-January, AIG has no outstanding obligations to the central bank after paying off a $21 billion credit facility and converting other debt obligations into common shares. The Fed initially provided AIG with an $85 billion line of credit in September 2008. Peters, a graduate of the Stern School of Business at New York University and Bucknell University, spent 20 years at the central bank, leading a staff of examiners and overseeing the bank's risk management practices. Write to Kerri Panchuk