American International Group Inc. (AIG) announced that Monika M. Machon will replace Win J. Neuger as AIG's investment chief. Mr. Neuger plans to go with the company's external client asset management business when it is sold, a spokesperson said.
Ms. Machon, who will become AIG senior vice president and chief investment officer, will be responsible for insurance company portfolio management across all asset classes, the company explained.
She joined AIG in 1998 and is presently the global head of Fixed Income for AIG Investments. She also serves as chairperson of the board of AIG Investments Europe Ltd. Previously, AIG said, she was portfolio manager and head of emerging markets debt. She has more than 27 years of broad fixed income experience in the United States and overseas.
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