American International Group has hired a Chase Manhattan executive to lead its consumer finance group.

Joel Epstein will be chairman and chief executive officer of the unit that is working to develop consumer finance business in emerging markets. It offers personal, auto, and mortgage loans, deposit products, and credit cards. The unit has offices in Hong Kong, Taiwan, Thailand, the Philippines, Poland, and Argentina.

Mr. Epstein had been responsible for Chase's consumer finance businesses, including operations in Hong Kong, Thailand, and Mexico. During a 25-year career at Chase, he had many overseas assignments, including country manager for the People's Republic of China.

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