American International Group hired an outside executive to lead a division that serves institutional clients in areas including global fixed income securities and the derivatives markets. DataCubes, a decision automation platform for commercial P&C underwriting, appointed an Aspen Insurance executive to its board of directors.


American International Group, Inc. hired John Panagakis as chief executive officer, First Principles Capital Management, LLC (FPCM), the unit of AIG Investments that serves institutional clients with expertise across the global fixed income securities and derivatives markets.

Panagakis will be based in New York and report to Douglas Dachille, executive vice president and chief investment officer of AIG.

Panagakis joins FPCM from TIAA Nuveen, where he spent more than 30 years in a variety of asset management, operational and advisory leadership roles, most recently as Executive Vice President, Head of International Advisory Services. While at TIAA Nuveen, he transformed the organization from a U.S.-focused asset manager to a global presence with international distribution, product and marketing offerings. During his tenure, he also held numerous other leadership roles that included Executive Vice President, Head of Global Institutional Business Development; Managing Director, Head of Institutional Distribution; and Director, Northeast Region Institutional and Individual Services.

FPCM, a fixed income investment manager with approximately $8 billion in assets under management (as of June 30, 2019), was acquired by AIG in 2015.


DataCubes, a decision automation platform for commercial P&C underwriting, appointed Mary Kotch to its board of directors.

Named as one of the Top 50 Most Powerful U.S. Women in Technology by the United States National Diversity Council, Mary Kotch currently serves as the Global CIO for Aspen Insurance.

As Global CIO for Aspen Insurance, Kotch is responsible for leading the transformation of the company’s IT strategy, focusing on revenue growth through the use of technology and ensuring alignment between IT, the business and its customers. Previously she served as the executive vice president, Group CIO for Validus Holdings, a global insurer/reinsurer. Kotch is also an advisory board member for a number of companies including Pillar Tech, RequirementOne, Aquiline Technology Investment Fund, Pharmaceutical IMPACC, ACORD Model Driven Framework and Behavioral Health Committee for Informatics.

Sources: AIG, DataCubes

Topics USA AIG