|AIG ASSET MANAGEMENT INTERNATIONAL NAMES STUART ROGERS PRESIDENT|
|New York, February 22, 2000 – American International Group, Inc. (AIG) has announced that Stuart Rogers has joined the senior management team of AIG Asset Management International, a division of AIG subsidiary SunAmerica Asset Management Corp., in the newly created position of President.|
Mr. Rogers rounds out the management team of AIG Asset Management International, which was launched last July to develop and distribute retail asset management products overseas. Mr. Rogers will be running the day-to-day business and reports to AIG Asset Management International Chief Executive Officer J. Steven Neamtz.
AIG Asset Management International leverages the retail mutual fund experience of SunAmerica Asset Management Corp. with the overseas distribution capabilities of the AIG member companies. AIG Asset Management International has developed nine new Dublin-based funds, five of which are managed by SunAmerica Asset Management Corp. and four by outside sub-advisers with specific non-U.S. market specialties. In total, AIG and SunAmerica companies manage 40 Dublin-based funds. These funds provide financial intermediaries with an array of mutual funds that can be sold alone or in conjunction with variable annuities and pension products.
“We are pleased to have Stuart Rogers join our new and growing enterprise,” said Mr. Neamtz. “His substantial experience will be of great benefit as we continue to expand AIG's retail asset management strength around the world.”
Mr. Rogers spent 18 years with John Nuveen & Co., Inc. where, most recently, he was Managing Director of Nuveen Online Financial Services. He held numerous managerial positions with the company and has extensive experience in the product development, transfer agent, client service and information technology areas. At AIG Asset Management International, Mr. Rogers will focus on a variety of initiatives including educating financial intermediaries on new products, creating a transfer agency solution for selling products in a wide array of Asian and European countries, as well as further developing marketing initiatives.
SunAmerica Asset Management Corp. manages a family of 23 U.S. retail funds with approximately $7 billion assets under management. SunAmerica Asset Management Corp. is a subsidiary of SunAmerica Inc. (SunAmerica), a financial services company specializing in retirement savings solutions and a wholly-owned subsidiary of AIG. The company earns fees or spread income on approximately $133 billion of assets. To learn more about retirement solutions from SunAmerica, visit the company's web site at www.sunamerica.com. To learn more about SunAmerica's mutual funds, visit www.sunamericafunds.com
AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial lines insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services and investment management businesses. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland, and Tokyo.