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NEW YORK---Aug. 7, 2009-- American International Group, Inc. (AIG) announced today that William J. Glasgow has been named Chief Restructuring Officer of AIG Global Real Estate, the international real estate investment organization.

“Will Glasgow’s management and restructuring experience spans not only real estate, but also financial services and other industries,” said Paula Rosput Reynolds, AIG Vice Chairman and Chief Restructuring Officer. “His background is especially valuable as AIG seeks the best possible outcomes for its real estate assets.”

In conjunction with the overall restructuring of AIG, AIG Global Real Estate has previously announced its intention to divest certain holdings in its real estate business. Mr. Glasgow will oversee the execution of the real estate restructuring program.

Headquartered in New York, AIG Global Real Estate has $24.3 billion of assets under management in 50 countries around the world.

Prior to joining AIG, Mr. Glasgow served as the Chief Operating Officer of Scanlan Kemper Bard Companies, LLC, the real estate private equity firm. Previously, he held various senior positions at PacifiCorp, including Chief Financial Officer. Mr. Glasgow also served as Chairman, President and CEO of PacifiCorp Holdings, which included PacifiCorp Financial Services, NERCO, Inc. and Pacific Telecom. His career also includes leadership positions in venture capital management, including BCN Data Systems, and international joint venture controlled by Bechtel, and he has served as a director of numerous public and private companies.

Mr. Glasgow earned a bachelor’s degree in economics, magna cum laude, from the Wharton School of Business at the University of Pennsylvania and a law degree, magna cum laude, from Harvard 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.

Source: AIG

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