AIG Financial Products Corp. announced Wednesday that John Cappetta, an executive vice president and the head of North American marketing, will retire March 1.
The Wilton, Conn., subsidiary of American International Group Inc. said it will divide Mr. Cappetta's responsibilities among three senior executives.
David Ackert, the head of the transaction development and energy groups at the $50 billion-asset unit, is to oversee corporate marketing and head up the North American corporate and financial institutions business.
Rob Leary, the head of the North American investor group covering pension funds, money managers, and foundations and endowments, is to oversee an expanded group, including hedge funds and high-net-worth investors.
Managing director Alan Frost is to oversee AIG Financial Products' business with U.S. investment banks and dealers as well as structured securitizations. He will report to Joseph Cassano, the president of AIG Financial Products.
