AIG Names New Retirement Leader
August 20, 2009 by Stephen Kersey
Filed under Finance
AIG, the company that has been in the headlines in recent months due to its role in scandals involving federal bailout money and executive bonuses, has named new leaders that have a direct affect on their retirement services business.
Jay Wintrob has been named the CEO and president of domestic life and retirement service. In that role, he will be in charge of AIG’s retirement division for individuals located in the United States.
Robert H. Benmosche, the CEO and president of AIG, thinks the sky is the limit for Wintrob.
Said Benmosche: “I am very enthusiastic about the growth potential of the domestic life and retirement services businesses, and believe these market-leading companies will prosper under the strong leadership of Jay Wintrob.”
Instead of allowing AIG to fail, the federal government has reportedly given AIG more than $180 billion in bailout money. For those heading into retirement without as much money as they want, they’d surely like to get their hands on some of that dough.
AIG (Image: Flickr)
