American International Group Inc. announced on Thursday that a new director nominee, Peter R. Fisher, will stand for election with the 13 current members of the AIG board at the annual meeting of shareholders scheduled for May 12, 2014.
Fisher, 57, has been a senior fellow at the Center for Global Business and Government at the Tuck School of Business at Dartmouth College since July 2013.
Prior to that, he spent nine years at BlackRock Inc., serving as senior managing director from 2010 to 2013 and managing director from 2004 to 2009. During his time at BlackRock, Fisher served as head and co-head of BlackRock’s Fixed Income Portfolio Management Group, overseeing portfolio managers with responsibility for more than $1 trillion of fixed income client accounts and funds, and as chairman of BlackRock Asia. He continues to serve as a consultant to the BlackRock Investment Institute.
From 2007 to 2013 Fisher also served as a nonexecutive director of the Financial Services Authority of the United Kingdom, where he was a member of the Risk Committee.
Prior to joining BlackRock in 2004, Fisher served from 2001 to 2003 as undersecretary of the U.S. Department of Treasury for Domestic Finance. He also worked at the Federal Reserve Bank of New York from 1985 to 2001, ending his service there as an executive vice president and manager of the system open market account.
“Mr. Fisher brings with him tremendous knowledge and unique perspectives in asset management and government, both of which will contribute to the depth and foundation of AIG’s board,” said Robert S. Miller, chairman of the AIG board of directors. “Furthermore, Mr. Fisher’s global experience with the regulation of financial services companies will allow him to provide valuable insight as AIG works to build upon recent successes and execute on the company’s strategy.”
Source: American International Group