NEW YORK--Aug. 7, 2009--
American International Group, Inc. (AIG) announced today that Robert G.
Gifford has been named President and Chief Executive Officer of AIG
Global Real Estate, the international real estate investment
Mr. Gifford’s experience includes 22 years with AEW Capital Management,
L.P., the Boston-based real estate investment management advisor to
leading institutional and private investors, where he was a Principal
holding leadership positions in acquisitions, capital markets, portfolio
management and new product development. Prior to AEW, Mr. Gifford worked
for The Rouse Company, a developer and owner of regional shopping
centers, urban mixed use projects and planned communities.
“Rob Gifford brings to AIG a deep and versatile background in real
estate investment, development and portfolio management,” said Paula
Rosput Reynolds, AIG Vice Chairman and Chief Restructuring Officer. “He
also has an outstanding reputation for earning the confidence of
investors, including during challenging real estate market conditions.”
Mr. Gifford succeeds Jeffrey Hurd, Senior Vice President, Head of Asset
Management Restructuring and AIG Chief Administrative Officer, who has
been serving as interim President and Chief Executive Officer of AIG
Global Real Estate. Mr. Hurd will resume his previous responsibilities
on a full-time basis.
AIG Global Real Estate invests in, develops, and manages $24.3 billion
of real estate in 50 countries for clients and other AIG companies. In
conjunction with the overall restructuring of AIG, the company has
previously announced its intention to divest certain holdings in its
real estate business and reduce its global footprint.
Mr. Gifford earned a bachelor’s degree in history magna cum laude from
Dartmouth College and a master’s degree in public and private management
from Yale University.
American International Group, Inc. (AIG), a world leader in insurance
and financial services, is the leading international insurance
organization with operations in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional and
individual customers through the most extensive worldwide
property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services,
financial services and asset management around the world. AIG's common
stock is listed on the New York Stock Exchange, as well as the stock
exchanges in Ireland and Tokyo.
Lauren Day, 212-770-3141
Teri Watson, 212-770-7074