NU Online News Service, April 8, 11:08 a.m. EDT

American International Group said investment banker and restructuring expert Henry S. Miller has been added to the company board of directors to help the debt-ridden company with its recovery.

"Henry will be a valuable addition as we continue to work to restore AIG as a strong company with solid businesses and to repay the U.S. government for its financial assistance," said Harvey Golub, AIG board chairman, in a statement announcing Mr. Miller's election yesterday.

Mr. Miller is chairman, managing director and co-founder of Miller Buckfire & Co., LLC, an investment bank specializing in corporate restructuring, mergers and acquisitions, debt and equity financing, and strategic advisory services.

He is also chairman and chief executive officer of its affiliated business Marblegate Asset Management, an investment manager focused on investing in distressed credit and other special situation deep value opportunities.

Prior to founding Miller Buckfire, Mr. Miller was vice chairman and a managing director at Dresdner Kleinwort Wasserstein, where he served as the global head of the firm's financial restructuring group.

Before that, Mr. Miller was managing director and head of both the Restructuring Group and Transportation Industry Group of Salomon Brothers.