Wealth management

In Brief: AIG Elects a Former Merrill Exec to Board

Published March 09, 2005, 2:00 a.m. EST

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Updated March 08, 2005, 5:23 p.m. EST

1 Min Read

American International Group Inc. has announced the election of Stephen L. Hammerman to its board of directors.

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Mr. Hammerman, 66, was an executive at Merrill Lynch & Co. from 1978 to 2002, AIG said on Monday. At Merrill Lynch he was vice chairman of the board and a member of the board of directors and the executive committee. He also had been general counsel and chief financial officer at the giant Wall Street brokerage.

New York-based AIG is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional, and individual customers through extensive worldwide property/casualty and life insurance networks.

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