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Daily Insurance Industry News
Friday 17th of August 2018
June 24, 2009

AIG appoints senior VP Divestiture

by Richard Kilner

Story link: AIG appoints senior VP Divestiture

Alain Karaoglan has been named by American International Group, Inc. (AIG) as senior vice president Divestiture, effective from 29 June.

Karaoglan replaces Philip Jacobs, who previously served as global tax director of AIG before becoming senior VP of Divestiture and is now moving on to another firm.

Before joining AIG Karaoglan worked as MD of Equity Research at Banc of America Securities LLC, and during his lengthy career has also worked for American Equity Research for Deutsche Bank Securities Inc., Donaldson, Lufkin, and Jenrette Securities Inc., Bear Stearns.

In leading the Divestiture Office Karaoglan will gain responsibility for bringing the firm’s divesting assets to market and managing the subsequent complex transactions.

He will report directly to Paula Rosput Reynolds, chief restructuring officer and vice chairman.

Reynolds has praised Karaoglan’s distinguished track record and broad experience in transactions both of a private and public market nature.

 

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