American International Group Inc. (AIG) announced that EVP Brian Schreiber has been named deputy chief investment officer. To succeed Schreiber, Monika Machon was named AIG's new treasurer, effective immediately, she will report to David Herzog, AIG's CFO. In addition, Geoffrey Cornell has also been named deputy chief investment officer by the insurer. Both Schreiber and Cornell will report directly to William Dooley, EVP, investments.
AIG says Schreiber will oversee a portfolio of specialized asset classes, including private placements, structured products, direct investments, real estate investments, private equity and hedge funds, commercial asset finance, and the remainder of AIG legacy assets. Schreiber joined AIG in 1997 as a portfolio manager for AIG Global Investments Group. He was appointed AIG treasurer in August 2011.
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