Peter Hancock, one of the inventors of credit derivatives, is to join AIG in a new role overseeing risk, finance and strategy. The appointment of Hancock, currently vice-chairman at US regional lender KeyCorp, highlights AIG’s determination to repay the $80bn-plus it owes the US government. Hancock’s role as executive vice-president in charge of AIG’s finance, risk, audit, investments, strategy and the troubled Financial Products group will position him as a potential successor to CEO Robert Benmosche.

This entry was posted by Gwen Robinson on Tuesday, February 9th, 2010 at 4:48 and is featured in The 6am Cut London (9 Feb 2010) . Tagged with aig, KeyCorp. Edit this entry.